Related Posts
Mentor
Mentor
Bowl Leader
Chief
Conversation Starter
The Anti-Bitcoin Asset You Likely Forgot About
Worried about inflation?
The U.S. Treasury’s Series I savings bonds have a 3.54% interest rate that will only go up as prices rise.
https://www.bloomberg.com/opinion/articles/2021-05-20/personal-finance-series-i-u-s-savings-bonds-offer-inflation-protection
More Posts
Please hit like , need 11 for DM
Additional Posts in The Real Estate Bowl
Visual Storyteller
Coach
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Mentor
I was 36 when my primary home appreciated to $1M. I was 39 when I added a $1.55M investment property. And 42 when I added a $2.3M investment property.
Mentor
Short term rentals in a vacation area.
I’ll keep my day job…at least for now. My husband works in a small family business so I like the security of a paycheck. But I would love the flexibility one day.
Mentor
You need to save up 200k plus 20k for incidentals. The way to do that is through roommates, househacking, or Airbnbing part of the home to save on costs. Sell your car or get a really cheap car. Stop going on vacations. It's going to require either sacrifices or buying a real fixer upper and renovating it
26 when my fiancé and I bought our first house for $1.5m in SF. TC at the time was ~330k combined, soon after became ~400k. We put down 20% on a 30 year at 2.85%.
I bought one at age 30 (HCOL so it’s not fancy, that’s just entry level for a decent apartment here). I work in biglaw, so my “secret” was just having a high income and not spending lavishly. My income at the time was probably $300k+ base and $400k+ with bonus. I invest in stock marketing matching indexes with my spare money so that helped.
In AZ as well - I think the high demand neighborhoods aren’t dropping bc so many people are waiting to get into them. I sold my first house for a profit at 32 and then I bought in a neighborhood where the new builds can go $2M + but I bought an old home for closer to $500k and remodeled it. It’s now worth over $1M and I can could sell for a solid profit if I ever want to upgrade. Look into finding an old home in the neighborhood you want and consider the remodel route.
Awesome! Got in that neighborhood just in time
I pre-qualified for $1.5m and almost bought a condo that was $1.2m. I decided to be conservative and bought a condo that was closer to $800k. I was 30 at that point.
No, no golf course near by haha. Like I said pre pandemic you could get a 2,000 sq foot house in a gated community new building for $430k. Now those same houses are going for $750-$800 in only 1.5 years lol
Subject Expert
Buy a condo now and start the appreciation and wealth-generation process
A condo separate from my home?
OP, I think we're trying to find the exact same houses lol... north Scottsdale, >4br?
Just now seeing this. Sadly those two houses are the same price haha. But I’d take a half acre too. Still early on in my career but just want to plan ahead