Anyone here bought a second property? What was your experience #asknostr
Discussion
I had two mortgages about 10 years ago. That sucked. It took us about 6 months to sell our old house.
what are you asking about , like an investment , vaca home, rental?
Weekend getaway nothing fancy
Yeah, worst decision ever. I kept my first unit as a rental because prices fell when we bought our first house. Managing tenants was a pain. It took a lot of work for very little return.
This is my experience too. If tenants damage your property there is little recourse, renters typically have nothing to sue them for, it can easily end up a net loss. There isn’t even an assured win on the property value these days.