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RE: Should We Buy a Rental Property?
Housing market is above 2006 levels! We are due for a correction. I’d wait... then again if u can lock in low rate and not get adjustable rate abs can put down a good amount then maybe jump in. Just know housing is in a bubble again and it won’t last without a crash or correction as rates rise
I missed the price first read. $74,000
Is not to bad. As long as your putting a good chunk down and property taxes are not insane there I would be more open to it given the 74K price...
We figure we'd pay cash in full... unless it makes more sense to leverage the debt... Which I hear is a thing. $700 a year for property tax.
But i certainly agree about the correction thing...
Paying cash in full, do it 👍