But no ones buys houses with cash, you use a mortgage, and now you can do 5% down and interest rates are super low. To buy a 500k home you need 25k and your mortggage payment would be like 2500 a month and you need a combined income of 90k to qualify for the mortgage. Buy the house, finish the basement with a kitchen, rent the basement out for half your mortgage. This is all doable for a new family that doesn’t have kids yet.

You now have an income producing asset that makes your home more valuable, you can take out a home equity line of credit and invest the money into other real estate, stocks, or a business.

If you turn your 500k home into a 600k property you can get a heloc and take out 80k to buy a rental property in Windsor that will cash flow and you will reap the benefits of appreciation on two properties.

Nothing got handed to most people. they work hard for what they’ve got.

But no ones buys houses with cash, you use a mortgage, and now you can do 5% down and interest rates are super low. To buy a 500k home you need 25k and your mortggage payment would be like 2500 a month and you need a combined income of 90k to qualify for the mortgage. But the house, finish the basement with a kitchen, rent the basement out for half your mortgage. This is all doable for a new family that doesn’t have kids yet.