I have about 11-12 months emergency fund, and a little more than $80k in stocks/index funds, and no debt. I’ve realized to even become a real estate inventor, I probably don’t have enough money to put 20% down on a single family home or duplex.
My plan is to get a very small modern nice looking condo in a decent nice location, I don’t need that much space because it’s just me, and then 5-10 years from now, sell the condo and use the condo appreciation to put 20% down on a mortgage for a single family home or maybe even refinance and keep the condo but use what I have gained from the condo and put down 20% on single family home and rent out my condo.....
Submitted February 28, 2021 at 03:50PM by TheAnalyst79 https://ift.tt/3pYwZVz
