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Updated over 9 years ago,

User Stats

2
Posts
0
Votes
Michael Dove
  • Wholesale/Buy&Hold Investor
  • Birmingham, AL
0
Votes |
2
Posts

Introduction and Question re personal home buying

Michael Dove
  • Wholesale/Buy&Hold Investor
  • Birmingham, AL
Posted

Hello everyone!

I'm Michael and I just signed up for pro!

If this question is not appropriate here i apologize in advance...

My wife and I are selling our home currently and going to make a good profit...Should I take the cash and put it towards a personal home if we don't planning on moving again for a very long time OR should I use that cash for investing and rent for a while????

I understand that a personal home is not an asset as it does not produce income.  Buying one would simply be for personal preference and comfort reasons as well as to take advantage of current interest rates.  Just want to know what you guys would do in the same situation.

Thanks Guys! 

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