{ "media_type": "text", "post_content": "I’m a 25 F and just reached a net worth of $165k. I want to continue making smart financial decisions and I’m thinking of purchasing a house, flipping it and renting it out or reselling. My dad will be helping me flip it. I got a great interest rate and found a house I like. Would love to get some feedback and insight...what would you do in my shoes? Should I buy property?", "post_id": "5fda25e159321c001ad8b02c", "reply_count": 8, "vote_count": 3, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

I’m a 25 F and just reached a net worth of $165k. I want to continue making smart financial decisions and I’m thinking of purchasing a house, flipping it and renting it out or reselling. My dad will be helping me flip it. I got a great interest rate and found a house I like. Would love to get some feedback and insight...what would you do in my shoes? Should I buy property?

likesmart
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I personally would not, certainly not right now. Many states have moratoriums on evictions at the moment. You can’t oust your tenant for non payment but, guess what, you’re still on the hook for your mortgage. I would put that money into the market. You’re only 25 and I assume thinking long term, so index funds. Dump it in there and let it passively make you money with no effort over dealing with the headache of being a landlord, IMO.

like

This path isn’t for me, but it depends on timeline. Can you get a greater return from flipping including sell costs than you would in the market? If yes, great. If no, no. Also...does this action screw up any tax advantage you’d otherwise get for a first home purchase? What is your time worth?

Yes flip and rent. Don’t sell. Bought 2 rental properties and it has worked fine. Buying the 3rd now.

Property has a lot of hustling you need to do but it works. I hear good things from some people I know who went all in on it. You can make good money doing almost anything, just need to focus your energy to learn it and get traction. I never got into it, prefer trading.

Yes. Real estate has better returns than stocks

This would be a great learning opportunity while you’re young. I would do it for the learning opportunity alone if real estate is something you plan to do long term.

What did you decide to do?

I purchased a home! Closing in 50 days and very excited for the project ahead.

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