Renting vs owning dilemma
I've been sitting on it for sometime now and after all my math was not helping me I thought I'll check with you guys.
Ideally, I would like to live in my own house either 1 bed or bachelor's in Downtown or as close to downtown as possible given the budget of 600k. Here's the situation I can invest this 20% down payment and get 7.5% ROI Or I get myself my first property here and pay close to $2500 per month hoping for value appreciation overtime which hopefully would beat the 7.5% I could've made by investing elsewhere.
To be cash flow+ Im also thinking of having a roommate and get about 1000 in rent.
I don't know if I'm thinking this straight I have no experience buying properties And I'm new to this country so please help me with your suggestions.
Ideally, I would like to live in my own house either 1 bed or bachelor's in Downtown or as close to downtown as possible given the budget of 600k. Here's the situation I can invest this 20% down payment and get 7.5% ROI Or I get myself my first property here and pay close to $2500 per month hoping for value appreciation overtime which hopefully would beat the 7.5% I could've made by investing elsewhere.
To be cash flow+ Im also thinking of having a roommate and get about 1000 in rent.
I don't know if I'm thinking this straight I have no experience buying properties And I'm new to this country so please help me with your suggestions.