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Updated over 3 years ago on . Most recent reply

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11
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1
Votes
Pradeep Ka
1
Votes |
11
Posts

Buy a house to live / buy rental property,pls share ur thoughts ?

Pradeep Ka
Posted

Currently I own 2500 sqft house in a good location, and recently bought a rental property and rented.

Option 1 - I was wondering if it's a good idea to buy 3500+ sqft house(like an upgrade as family is growing ) and move in. Then rent out 2500 sqft house, in this case 60k downplayment as 10% .

Or

Option 2 - Buy another rental property and look for a tenent. In this case I have to put 80k as 20% downpayment.

I m not sure if I m thinking in the correct way or not .

Experts please share your thoughts.

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