I’m currently investing $500 a month into Roth 401k, $600 a month into my personal VOI, and $6000 a year into Roth VTI account. Currently mortgaging my place (bought at $175,000 a year ago and owe $140,000) paying $850 escrow. My income is roughly $3500 a month.
My question: A house across the street sold in July for $90,000. They remodeled and selling for $220,000 to me before putting it on the market at $230,000. Since I’m in the military, I could buy with 0% down and live in this house while renting out my other place. Zillow has the rental price around $1400. Is this a good idea or should I continue to just invest?
Leave a Reply