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Buy a 1 bedroom condo with cash or buy a 2 bedroom condo and

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Buy a 1 bedroom condo with cash or buy a 2 bedroom condo and have to get a mortgage. what do biz?
>>
Buy two 1 bedroom condos with a mortgage, rent out one to pay the mortgage. Meanwhile save up to move to a proper home, then rent out the second condo as well.
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>>1928204
Buy the 1 BR condo with cash and rent it out to pay the mortgage on the 2 BR
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>>1928204
don't rent out anything
buy the 1 bedroom
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>>1928204
>Don't buy more living space than you need.
>If you can earn a higher rate of return in the market than your mortgage costs (7% a year in the market vs 4% for your mortgage), then put down the minimum, get a mortgage, dump your extra cash into investments.
>Grow these funds and contribute extra to it until you can buy a multi-family property (Duplex, triplex or apartment).
But it and rent out individual units.
>>
who the hell rents condos
it's like an apartment except it's subleased and you have to pay massive HOA fees
and THEN on top of that you expect to make a profit?
>>
>>1928204
Thread posts: 7
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