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Updated over 8 years ago,
I need Advice :) Buy more house or start investing career?
Hey BP, here is my dilemma. I just bought a new house on a USDA loan at 100% financing. As I was closing I got a huge promotion at work.... Here are my two options. 1. Start real estate investing (my plan is BRRRR, mareket about $150k homes). or 2. Buy new dream house and rent the USDA house I just purchased? Which way would put me further ahead. Both situations I have a home to live and my first investment.
More details... USDA house- $209,000 @ 3.5%= OTD PITI $1350
- USDA house rents for approx $1800
New dream house about $400k
What do you think? Any suggestions?