I always say buy if you can afford it and buy several rentals if preparing for the future. My goal is to own 10 fully paid off rentals by the time I retire.
If done correctly, someone else will have paid off your mortgage for you for ten different rentals that you will own outright by the time you retire. You can start off small and then grow and use existing home equity to multiply your holdings.
I used to buy and flip homes when I was younger and it was HARD work; however with rentals, you buy a home, rent it out, and use a property manager to do the hard work. As long as the rent covers the mortgage and you have a trustworthy property manager you are in good shape.
Let me know if this sound interesting to you so I can help you identify safe, stable investment properties.
Buy vs. Rent: 56 Pros and Cons
If done correctly, someone else will have paid off your mortgage for you for ten different rentals that you will own outright by the time you retire. You can start off small and then grow and use existing home equity to multiply your holdings.
I used to buy and flip homes when I was younger and it was HARD work; however with rentals, you buy a home, rent it out, and use a property manager to do the hard work. As long as the rent covers the mortgage and you have a trustworthy property manager you are in good shape.
Let me know if this sound interesting to you so I can help you identify safe, stable investment properties.
Buy vs. Rent: 56 Pros and Cons