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REDDIT
I own a $350k home with no mortgage. Rent in my city is like $1300-$1500. Hypothetically I could sell (keep $18,000 for first years rent) and invest the $320k into an ETF. I already contribute $2000/mo to my portfolio. So I could technically have almost $700k in 5 years. Why isn’t this the play?
I know I could just as easily lose it and all that. And it would probably be a longer play than 5 years anyway. But what I’m missing is a large stack of cash to boost my interest earning potential and I think this is the outlet.
Any advice or oversight you can see?
Thanks.