Buy a GTR or a House?

bacalhau16 · 09-11-2011, 09:11 PM

Im not overly concerned about the 3 month thing. The idea of buying a house, was to get into the market while it is cheap and build some equity. From the house standpoint, I was looking to fix the little things that this house needs and build about $40-$50k in equity in 2 years. Perhaps a little optomistic, but I would like to think its realistic. I would then use that money to put towards the purchase of another income property.
On the other hand, buying a GTR would be awesome. Not that much more money then my Z, if you were to consider having to pay for the Z and the mortgage, versus just a GTR that is. I dont pay rent right now and wouldnt have to for a long time. I could save money while owning a GTR and use that to place a larger downpayment on a house in the future.

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09-11-2011, 09:11 PM	#1 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 14	Im not overly concerned about the 3 month thing. The idea of buying a house, was to get into the market while it is cheap and build some equity. From the house standpoint, I was looking to fix the little things that this house needs and build about $40-$50k in equity in 2 years. Perhaps a little optomistic, but I would like to think its realistic. I would then use that money to put towards the purchase of another income property. On the other hand, buying a GTR would be awesome. Not that much more money then my Z, if you were to consider having to pay for the Z and the mortgage, versus just a GTR that is. I dont pay rent right now and wouldnt have to for a long time. I could save money while owning a GTR and use that to place a larger downpayment on a house in the future.