Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 16 years ago on . Most recent reply

User Stats

4,906
Posts
1,569
Votes
Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
1,569
Votes |
4,906
Posts

Your House - Investment or Doodad?

Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
Posted

I'm curious to see folk's philosophy on this. I consider my personal residence to be a doodad I live in. Yes, I bought it at about 20-30% fmv but regardless, it is a piece of real estate that garners no cashflow for me, thus no return, which is why I have always lived in my least performing asset while renting out the rest.... Then again, I have that freedom as an "unattached" guy and that ain't changing any time soon.

So, I'll put it to you. Your house. Investment or Doodad and why? What's your reasoning behind it? Any data to support your view?

Most Popular Reply

User Stats

1,821
Posts
446
Votes
Richard Warren
  • Real Estate Investor
  • Las Vegas, NV
446
Votes |
1,821
Posts
Richard Warren
  • Real Estate Investor
  • Las Vegas, NV
Replied

Depends where you are in life. In my case, I bought the house I wanted. I didn’t buy it with investment in mind. As an investment property I wouldn’t even consider it. This is where I live, in the area I want to live in and with the amenities I wanted. It has appreciated significantly, even with the downturn, but that has nothing to do with why I bought it. It’s like buying a Mercedes when a Chevy will get you where you want to go as well.

:cool:

Loading replies...