Quote:
Originally Posted by Acurapinoy
Just curious...if your properties are generating 170k a year with income. Why not buy a home or a condo to add to your assets? You can rent it out if you prefer renting yourself.
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I was just comparing what the 2M can do with different strategies.
And the reason of not buying a place or a home is simple... home has too low of ROI.
Commercial gives me 8.5% return while the 2M house I live in gives me roughly 1.5%.
If prices stay the same and I am actually in the position of buying another asset worth 2M, I'd still go for the 8.5% commercial gives me vs. 1.5%.
I guess it all depends on how much you value "home". I value cold cash more than the sentimental value that a permanent home can give me.