Does anyone do it? By choice? This is the kind of thread that I hate starting because as a resident spouse this would have been far from possible financially to consider whimsically. We did manage a rental house for a few years because we ended up owning two during one of our moves. The rental income was helpful to offset some of our fellowship years poverty, but it was a PITA.
I'm considering looking at some properties near Case Western here in Cleveland that are two apartment buildings. One up, one down. My daughter takes music lessons in the area and I realized that a lot of the houses are for sale and killing time on Realtor.com told me that they are actually pretty cheap. We have 7 more years on our own mortgage here and we still have consolidated med school debt (at 2.7%) that we don't intend to pay off quickly, we are just going to pay it on schedule.
Crazy? Or crazy like a financially savvy fox?
(I'd rather by a cool vacation home, but frankly, those are much more costly to consider.)
I'm considering looking at some properties near Case Western here in Cleveland that are two apartment buildings. One up, one down. My daughter takes music lessons in the area and I realized that a lot of the houses are for sale and killing time on Realtor.com told me that they are actually pretty cheap. We have 7 more years on our own mortgage here and we still have consolidated med school debt (at 2.7%) that we don't intend to pay off quickly, we are just going to pay it on schedule.
Crazy? Or crazy like a financially savvy fox?
(I'd rather by a cool vacation home, but frankly, those are much more costly to consider.)
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