Date: November 18th, 2014 10:07 AM
Author: Misunderstood Drab Temple Digit Ratio
not sure if i should buy this investment property or if i should just put all my savings in the S&P 500 index. seeking advice:
DC logan circle condo:
Price - $210,000
HOA fee - $250 a month
Can rent for $1600 a month probably
I would put 20% down and have a conventional 30 year loan. One of the advantages is that my parents offered to loan me $10,000 for it and my aunt says she would put down 10% of the down payment and take 10% of the sale one day.
I have 50k savings. a 60k per year job. should i buy this investment property or put my savings in S&P 500 index?
(http://www.autoadmit.com/thread.php?thread_id=2731084&forum_id=2#26743023)