That is assuming you pay the money back in the same year.Prior to real estate my 401K was my golden goose and I would never consider touching it but now my views have changed. 

@Leeling Chew we require anyone over the age of 18 to fill out an application for the property even if they plan to just be an occupant. 

Our prospective numbers point to increasing profits as the deal ages with an eventual infinite ROI once the initial investment is paid off.

You'll get a feel for the age of the neighborhoods, the vitality of the commercial buildings, the ease of location, the closeness to jobs.The markets you're describing are more linear, and usually have lower capital appreciation.

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

My age is catching up to me after shoveling for 2 hours yesterday.

Did we think in May of 2024 that Asheville would face a storm in September of 2024 for the ages?

The house had some signs of foundation settlement when he bought it which were chalked up to age, however it’s clear now that there has been more recent movement (some of this may have been due to an earthquake a few years ago) causing about 3 inches of settlement along this very small house.   

I know people that do great with $150k homes but also $650k homes each with different strategies but I do believe in the Golden Rule, location x 3. 

With the newly implemented congestion pricing in Manhattan easy access to NYC public transport is golden.