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There are two types of houses: The house you live in, and the house you rent to others (and sometimes one house is a mix of the two). One of these is an investm
by verelo 7y ago
There are two types of houses: The house you live in, and the house you rent to others (and sometimes one house is a mix of the two). One of these is an investment, one is an expense. If you can get on board with that mindset, you'll be ok and probably make good investment choices with the rest of your capital.
Maybe you will get lucky, and you wont have a true expense due to appreciation, but it's not something you should bank on. Houses take a lot of money to maintain, time to manage and sometimes just your mental capacity...be careful where you spread your effort.