Re:Why a house is a terrible investment (2013)
by megaman22 on Sunday April 22, 2018 @08:16PM
(#16899517)
The sneaky best thing to do is buy a small multifamily unit, live in one, and rent the others. One of my coworkers at the time I bought my building was shopping single-family homes in the exact same price range, and we have almost the same monthly costs. The difference being that my tenant essentially pays my mortgage, and I only have to pay the taxes and insurance. Down the road, when I have a family and buy a real house, the rental will bring in $3k or more every month.
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Re:Why a house is a terrible investment (2013)
by mancerayder on Sunday April 22, 2018 @08:23PM
(#16899559)
You also have additional deductions on expenses that you don't get on a single owner-occupied home. In fact it goes in a different Schedule than personal. One chooses a percentage of personal and business, which might be 50 50 if each unit is about the same and the owner is in one, while the other rented out.