I have to think this would be one of many rules where the least of any rule number dominates.OP,
Not the answer that you are looking for.
The house's price should less than 2.5 times of my portfolio size. This is after paying 20% down payment with a 30 years fixed rate mortgage.
This is my rule.
KlangFool
We have close to $5M in our portfolio. Any banker will laugh us out of the building if I wanted to buy a $12.5M house.
Statistics: Posted by Jack FFR1846 — Sat Oct 05, 2024 8:15 pm — Replies 14 — Views 752