Gonna have to liquidate my positions to pay for a down payment on a house.

We weren't planning on buying until next year and were going to save a significant amount until then, but interest rates are really good and we can buy the house we're renting at the price they bought it for 2 years ago, so we really can't pass this opportunity up. Mortgage with everything included will also be about 30% cheaper than our current rent, so we'll also save money on that.

Oh well, I'll save signifcantly more on a lower interest rate and less rent paid than the losses I'll lock in by selling.

This post was edited by Thor123422 on May 6 2021 09:07pm

The house is an investment in itself
If you’re in USA house prices gonna keep going up bigtime

Yep. Were gonna have to move if we have kids so in 5 or so years we will rent it out too. Fair rent for it in this market is double the mortgage payment. Cities are insanely good for rentals.

I assume midwest if you're getting that. Midwest has some of the best cash on cash returns.

Should say the last time I looked it was, but that was 2019.

This post was edited by SBD on May 7 2021 07:31am

Indeed. Buying 3 bedroom 1.5 bath. Rented it for 1150, and after the "equity sharing" they do to incentivize you to buy it came out to 950 a month, but I won't get that money back until we close. The minimum rent for a similar house 2 years ago was 1300. So once we move out we'll be able to make a decent amount on it renting.

Since theres only two good school districts in my city we're going to have to move into a million dollar trailer if we have kids while we rent this place out. It'll be worth it though, since if they go to a good school and get good test scores they'll get free private tuition at the university my wife and I work at.

It's only good in a sideways market, this instrument is still trading lower than it was pre-covid. Any major market correction cripples this fund, any major bull run leaves this thing in the dust underperforming the market. If you want income, buy stocks you have a very high conviction on and sell covered calls/cash secured puts.

This post was edited by ta909 on May 7 2021 09:40am

Gratz on house

This post was edited by Hood_Nigga on May 7 2021 09:52am