If you have 50% cash for your dream house and needed a 50% loan. Would you go and buy it or continue to stay on rent?
#askLeo
If you have 50% cash for your dream house and needed a 50% loan. Would you go and buy it or continue to stay on rent?
#askLeo
Do both
Can be done, yes
Speaking from previous experience, I'd most likely go and buy it use the rent budget for the amortizations😉
For Market Appreciation, Yes
I really don't know, I have to think about it very well, personally I invest almost all my money. #threads #askleo #hive 😉
Buying property is an investment in and of itself though, keep that in mind! As well, it tends to appreciate more consistently over time than other assets which is good. Plus it's a roof over your head or source of income!
Rightly Said
Well that's a tricky perspective because you shouldn't spend all 50% of cash on the house and loan. You should do 25 or 30% so you have reserves in case of emergency or for small other investments. Just a thought!
Yeah, that is again a good perspective.