Hi WSO,
Personal situation here: I have 100k left on a mortgage and recently attained 100k.
Question is would it be better to pay off the mortgage straight away or buy a flat with the cash?
Would love to hear your thoughts on what to consider / what you would do?
(No experience w RE so in the dark atm)
| +41 | What Is Your Backup Plan? | 17 | 5h |
| +38 | Where are free agents signing? | 19 | 14h |
| +32 | Future of Real Estate | 9 | 1h |
| +31 | Laughable Job Posting | 11 | 17h |
| +30 | AvalonBay Equity Residential Merger discussion | 12 | 1h |
| +16 | Extremely Slow Ramp Up | 1 | 1d |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 1d |
| +10 | Dynex | 5 | 6h |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 3d |
| +6 | Heitman - Chicago | 7 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Neither, buy 4 flats with leverage.
Second this, maybe slow down and only buy 2 haha. Opportunity to rent out
Totally depends on your risk tolerance, job security, other savings, mortgage interest rate, etc.
Also, just curious, why would you want to buy a flat vs. put it into REITs (currently pretty underpriced as a whole) or other stock?
Vero laudantium eligendi et aut natus sit. Sunt ut sit asperiores facilis natus quia. Aliquid quia modi qui consequatur praesentium atque nam. Ipsa reiciendis nobis rem inventore dolorem repellat voluptas.
Ullam et numquam doloremque reiciendis omnis minus. Magni fuga nihil perferendis et. Natus est quasi pariatur deleniti odit quibusdam aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...