Submitted by MailsDavis t3_10om1fh in personalfinance
JoOngle t1_j6gzubk wrote
If you've got so much cash saved up that you could pay rent upfront for a long time, maybe it's time to look for a house?
Instead of rent money going directly to the landlords pockets, it would go toward a home you don't pay rent to live, ofc. there are maintenance costs and you'd have to do most of the work yourself, but it's something I did when I reached a position were I had enough to buy a small house.
Turns out it was the best thing I ever did, because the land + house appreciated so much over the last 10 years that it's now evalutated at 3x the price I gave for it, plus the fact I've lived rent free with just 3K in maintenance costs the last 10 years, so it can be a very lucrative investment.
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