It's risky to assume that the value is going to stay high. By taking that much cash out of the house, if there's a drop like 08, he could be underwater fast. Then better hope the other investment was a good one...recipe to lose your ass IMO. BUT I'm super risk averse.SAWCE wrote: ↑Thu Nov 05, 2020 1:59 pmYeah he went opposite of most people with his new monthly outlay being an extra $600/month or something, but that doesn’t seem too bad especially if he only buys one more property and pays straight cash for it. Will be interesting to see what he actually does with the money.
Considering investing in a rental property myself if the right deal came up, we'll see.