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Updated about 6 years ago on . Most recent reply
Purchase % of my house hack
So i know the 70% rule and what not but what’s a good rule of thumb for purchasing my first property/house hack. What percentage should I pay for my property or at least not go over? I feel like since I’m not trying to sell it I can go higher than 70% since I’ll probably live in it for a few years right? I don’t have any properties in mind but I want to get a multi family soon.
Most Popular Reply
Originally posted by @A. Maldonado:
So i know the 70% rule and what not but what’s a good rule of thumb for purchasing my first property/house hack. What percentage should I pay for my property or at least not go over? I feel like since I’m not trying to sell it I can go higher than 70% since I’ll probably live in it for a few years right? I don’t have any properties in mind but I want to get a multi family soon.
The moment you ignore / put aside the numbers, in favor of emotional attachment to a property, you're making a lifestyle choice, not an business investment! Just so long as you know. Good luck...