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TopicWhy aren't you guys investing into real estate?
winged_weltall
08/20/20 10:55:05 AM
#33:


I bought the apartment I live in for 890k in 2017. Paid 270k and pay utilities and mortgage, which amounts to about $1200 a month. The rent for this apartment would go for about $3500 on the market, so yeah, pretty happy about that.

I've been saving money since I purchased this apartment, but I'm torn between buying a new apartment or just putting the money into the one I already live in.

I'd have to shell out about 150k for an apartment worth 500k-ish, which I'd need another couple of years till I have. I'm leaning towards the simpler option of just putting the money in the current apartment...
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