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Author: Crazyinlovefool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: Where will you live? Date: 8/10/2003 3:11 AM
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Our house is a 2 family. We live in the 2brm apt with everything on the first level. The 3brm upstairs can be rented for 65-90% of our mortgage.

I wish I'd been as Foolish as you when I bought my first house. Good going!


Let's try this again...

We were all set to buy a 3brm/1family until I read "Rich Dad, Poor Dad". I know a lot of that book is garbage, but the part where he states "A house is just a liability unless it makes money for you." just really rang true to me. For less than 40% more we got twice as much house, only one block away. We have the flexibility of renting it out for income and/or expanding our living space without having to move. For us the flexibility was key.
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