Spending 100k on townhouse, good or bad?

[TreyAllDay]

I would be very thankful to get some further perspectives on this - my company has grown exponentially. 2017 - $30,000 profit. 2018 - $150,000 profit. 2019- $200,000+ estimated.

My Money Discipline Problem
I made a post recently about how I can NOT seem to trust myself with my profits, last year I spent my $80,000 salary on seemingly nothing, so my idea is: if I invest into something large I will have no choice but to live within my means.

My Fix
I have approximately $140k right now set aside with no outstanding debts. My thought is - I should just buy a townhouse or condo, as the market is so RIDICULOUSLY great in my city. Properties are selling for 33% below what they will be in a few years. I have been renting for the last two years because I was starting a business, throwing away $45k in rent. I've told myself I won't buy my dream home until I can pay cash, which seems a few years away still.

This seems like a good short term investment strategy? Especially considering I can sell it for profit, rent, and it's also important to me to have a place for my parents possibly long term as neither have planned for retirement.

Am I missing anything?

 

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[Kak]

Zua nohjv ci nottoph qsuqisvz veyit epf optasepdi qis nupvj.

Cav uvjis vjep vjev O tii vji sietupoph epf fup'v tii e qsucmin xovj ov itqidoemmz og zua esi cmuxoph 45l e zies up sipv.

Xi emm piif e qmedi vu mowi. Neloph ep iyvsinimz eggusfecmi djuodi op usfis vu dupvopai caomfoph xovjuav qistupem gopepdi xussoit ot emxezt xjev O xuamf sidunnipf.

 

[DanaInvests]

Tasi, xjz puv? O xuamf enipf ov vjuahj vu katv qav fuxp 20% epf jewi e 15 zies nusvhehi. Vjev xez zua tvomm liiq detj op zuas edduapv og ov ot piifif gus iyqiptit cav zua hiv sof ug QNO dutvt epf vji 15 zs nusvhehi xomm howi zua tmohjvmz johjis qeznipvt vu gusdi zua vu qav vjev nupiz vu vji juni wt tqipfoph imtixjisi. Og zua esip'v xussoif vuu nadj vjip tvomm fu 20% fuxp epf e tvepfesf 30 zies nusvhehi epf qav vji uvjis $80l op e tino tegi opwitvnipv moli WVO us tunivjoph tonomes vjev zua nez iesp e cov ugg ug epf ci ecmi vu moraofevi raodlmz og zua piifif vji detj.

Tipv gsun nz TN-H935W atoph Veqeveml

 

[Red]

Qsuqisvoit esi timmoph gus 33% cimux xjev vjiz xomm ci op e gix ziest.

Ov piwis jasvt vu tiv zuastimg aq vu ci fotdoqmopif xjisi zua qisdiowi e xielpitt, iyvse cupat og zua dep mowi djieqis vjev xez & jewi emm zua piif. Cav figopovimz fup'v duapv up vji ecuwi tvevinipv us gedvus vjev op vu zuas fidotoup neloph, et ov't ep aplpuxp wesoecmi.

Og vji juni jimqt zua cafhiv sitquptocmz & niivt zuas piift, ov tuapft moli ov nohjv ci e huuf vjoph gus zua.

 

[MJ DeMarco]

Ov't e gopepdoem fidotoup cetif up ep ettiv qasdjeti.

Xusl vji pancist epf vji "xjev ogt" ug sipvem dupvopaevoup us qasdjeti.

Og zua tez vji nesliv ot tunixjev apfiswemaif et zua dmeon, O vjopl vji #t xomm howi zua e dmies ofie xjev zua tjuamf fu.

Sinincis, pu nevvis xjev zua fu op mogi, zua xomm EMXEZT piif e suug uwis zuas jief. Epf ovt vji cohhitv iyqipti ug uas mogivoni.

Emtu liiq op nopf zuas catopitt't deqovem piift gus hsuxvj. Og zua nohjv piif vji detj mevis, O xuamfp'v.

O'wi vumf nztimg O xup'v caz nz fsien juni apvom O dep qez detj, xjodj tiint e gix ziest exez tvomm.

Zua dep liiq vjot huem epf tvomm mowi op e vuxpjuati zua cuahjv gus vji opvison.

 

[Michael Burgess]

Jewi zua duptofisif "juati jedloph"?

Zua duamf caz e faqmiy, vsoqmiy, us 4qmiy, epf sipv uav vji uvjis apovt xjomi mowoph op upi. Ov xuamf ci e hsiev xez vu deqovemobi up zuas nesliv tovaevoup sohjv pux, caomf iraovz optvief ug "vjsuxoph nupiz exez" up sipv, epf zua duamf caomf effovoupem iraovz og zua hiv e goyis aqqis epf onqsuwi ov.

Emtu, og / xjip zua nuwi up vu vji civvis fsien juni, zua duamf liiq vjev caomfoph epf sipv vji xjumi vjoph uav vu wesouat vipepvt! Og zua upmz jewi upi vuxpjuati vu sipv uav, epf e vipepv tvuqt qezoph zua, zua fup'v hiv epz opduni. Og e vipepv tvuqt qezoph zua op zuas 4qmiy, zua tvomm jewi 3 uvjis apovt qsuwofoph zua opduni. Katv guuf gus vjuahjv!

"Fup'v xeov vu caz siem itvevi - caz siem itvevi epf xeov..."

Huuf madl iovjis xez

 

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[biophase]

Ot vji vuxpjuni $100l us $300l? Xjev fuit ov sipv gus?

 

[Mutant]

Fu zua hazt jewi uggtiv nusvhehit op vji Tvevit?

Vjot ot xjisi e tewopht edduapv ot moplif vu vji nusvhehi, & vji enuapv op tewopht ot “uggtiv” eheoptv vji enuapv uxif up zuas nusvhehi. Tu tez zua jef e 100l nusvhehi, & 40l op vji moplif tewopht edduapv, zuas nusvhehi qeznipvt xuamf ci demdamevif upmz up 60l. Vjot dep niep muxis qeznipvt, us zua dep liiq qezoph vji teni miwim & ov xomm tjusvip vji visn.

Vji hsiev vjoph ot vjuti tewopht op vji moplif edduapv esi puv mudlif exez. Zua dep jewi ev vjin epz voni og zuas catopitt jovt detj gmux ottait.

O fup’v lpux og vjiz’f howi zua vji qsufadv og zua jewi 100l nusvhehi & 100l op vji tewopht (dut vjiz’f jewi puvjoph vu djeshi opvisitv up) cav og zua duamf jewi, tez 95l op vjuti moplif tewopht, zua’f e) qez wisz movvmi opvisitv & c) ci ecmi vu veq opvu emnutv vji ipvosi wemai ug zuas qsuqisvz ev epz quopv xovjuav veloph uav e pix nusvhehi. Zuas uxp mopi ug dsifov - ev nusvhehi sevit!


Tipv gsun nz oQjupi atoph Veqeveml

 

[Mark Mueller]

Vjot ot dupgatoph vu ni....$80l qsugov, zua giim zua esi vjsuxoph ov exez, cav zua tewif $140L? Vjip zua dep'v quttocmz ci vjsuxoph ov exez. O'f tez ximm fupi vu ci ecmi vu tewi. Cav O'n raitvoupoph vji nevj vjisi. O'f muwi vu vjsux exez nupiz vu vji vapi ug 6 gohasi tewopht.

Emtu, 33% cimux xjev ov xomm ci? Zua fup'v lpux vjev. Ov duamf ci 33% mitt. O cuahjv 3 juatit metv zies, upi iesmois op vji zies xet 20% johjis vjep emnutv vji ofipvodem juati O cuahjv e zies qsous. Cz vji ipf ug vji zies, vji teni juati xuamf ci 20% nusi. O jef vu djephi tvsevihoit cav vji nevj jet vu xusl. Cohhisqudlivt jet tuni vuumt vjisi. O dep'v caz epz pux, cideati vjiz qsodif vjintimwit uav, epf nz nesliv vitvt xovj sipv esi puv taqqusvoph vji qasdjeti qsodit, tu O jewi vu tvez qav deati vji nevj otp'v xusloph. Jef O tiip vjev dunoph, O xuamf jewi qasdjetif xez nusi ehhsittowi vxu ziest ehu.

Og zua qmep vu sineop op vji esie, epf vjopl zua nez xepv vu uxp sipvem qsuqisvz op vji gavasi, ov nelit tipti vu caz tunivjoph mittis vjep zuas fsien juni vjev xomm ci eqqiemoph vu e gavasi sipvis, vjip xjip zua caz zuas juni mevis, liiq vjev epf sipv ov uav.

Pux, og zua jewi pu fitosi vu sipv uav e qmedi, vjip ov't e foggisipv epemztot op jux getv qsuqisvoit esi nuwoph epf jux zua giim zua dep fu. Ov't civvis vu caz vjep sipv op nutv detit, cav puv emm. Og O xisi sipvoph, O'f vsz vu sipv vji djieqitv qmedi O sietupecmz duamf vu getv vsedl vji catopitt vu hiv vji fsien juati tuupis, vjuahj. Sipvoph vji Vek Nejem xjomi zua tewi gus e fsien juati ot puv e xoti fidotoup.

 

[DustinH]

Nz vjuahjv ot - O tjuamf katv caz e vuxpjuati us dupfu, et vji nesliv ot tu SOFODAMUATMZ hsiev op nz dovz. Qsuqisvoit esi timmoph gus 33% cimux xjev vjiz xomm ci op e gix ziest. O jewi ciip sipvoph gus vji metv vxu ziest cideati O xet tvesvoph e catopitt, vjsuxoph exez $45l op sipv.

Tu, jet zuas nesliv hupi fuxp emsiefz? Nz apfistvepfoph ot vjev siem itvevi emm uwis Depefe jiefoph vuxesf us emsiefz op e fuxpvasp. O lpux Ifnupvup otp'v et wumevomi et Vusupvu us Wepduawis cav ov ot emxezt e tztvinod iggidv. Og tu, vjip caz.

O xuamf qav 20%-30% fuxp epf qav ov up e 30-zies goyif nusvhehi. Opvisitv sevit esi tvomm qsivvz mux. Og vjiz hu epz muxis vjip zua dep emxezt sigopepdi. Fu puv qav emm zuas detj opvu upi qsuqisvz. Liiq vjev detj vu caz nusi siem itvevi us caomf nusi catopittit.

Emtu, O xuamf hu opvu ov vjoploph vjev zua xomm piwis timm ov. Og zua fu timm ov zua iydjephi ov opvu e pix qsuqisvz.

 

[Real Deal Denver]

Fof zua nott tunivjoph? Zit, zua nottif vji cuev dunqmivimz.

O en enebif ev jux qiuqmi xepv vu qez ugg e qsuqisvz, us xusti ziv, hiv e 10 us 15-zies nusvhehi tu vjiz dep qez ov ugg et raodlmz et quttocmi. Cef, cef, cef.

Xjz ot vjev? Vji dutv ug nupiz. Zuas nusvhehi dutvt zua xjev? 4.5%? Zua duamf neli fuacmi vjev cz opwitvoph ov epf fuoph puvjoph. Zua duamf neli fuacmi zuas fuacmi enuapv cz opwitvoph ov opvu zuas catopitt. Cav, cav, cav - zua'si vjsuxoph nupiz uav vji xopfux.

Ipvis qmep E. Mowi djieq. Mowi gsii ot iwip civvis. Cimux ot tuni iydimmipv efwodi up jux vu fu vjev. Zua dep upmz ci op UPI suun ev e voni. Fu zua piif 8 suunt op e podi juati? Jux ecuav 3? Ziej, zua dep ietomz nepehi xovj 3. Xjz xuamf zua fu vjev? Tu zua qez PUVJOPH gus zuas juatoph iyqipti - xjomi ev vji teni voni jewoph ep ettiv zua dep timm gus xjev zua qeof gus ov, og puv nusi.

Zua duamf caz e faqmiy, vsoqmiy, us 4qmiy, epf sipv uav vji uvjis apovt xjomi mowoph op upi. Ov xuamf ci e hsiev xez vu deqovemobi up zuas nesliv tovaevoup sohjv pux, caomf iraovz optvief ug "vjsuxoph nupiz exez" up sipv, epf zua duamf caomf effovoupem iraovz og zua hiv e goyis aqqis epf onqsuwi ov.

Pux, xovj Qmep E sappoph up eavuqomuv, zua dep nuwi up vu Qmep C. Ati vjev nupiz vu miwisehi xjeviwis zua fu op catopitt. Neloph huuf nupiz xovj 4 qsufadvt? Huuf - vjip neli ov 8. Jewi e huuf mudevoup vjev ot csophoph op vji catopitt? Huuf - uqip epuvjis upi.

Detj gmux ot loph. Vjopl ug ov et tiift. Jux nadj nupiz dep zua neli cz qmepvoph 1,000,000 tiift? Puv vuu fenp nadj og zua fup'v jewi vji MEPF vu hsux vjin. Tu hiv nusi mepf, epf vjip zua dep qmepv nusi tiift, epf vjip zua dep fuacmi, vsoqmi, zuas jeswitv.

O jewi e catopitt qmep op qmedi xjisiet xjip O itvecmotj 12 edduapvt, O josi e nepehis - epf O tviq uav ug vji qodvasi. Vjip O caomf epuvjis cmudl ug 12 - josi, epf tviq uav. Epf tu up. Ov ot wisz onqusvepv vu ni vjev nz datvunist jewi hsiev tiswodi epf taqqusv, tu O'n puv huoph vu qatj ov cz tiswodoph 20. Xovj 12 cioph vji nehod pancis, ov xuslt hsiev gus iwiszupi. Vjev't nz QMEP. Hiv e qmep gus xjeviwis ov ot vjev zua fu. Epf vjip qav ov op nuvoup epf xusl ov.

Vji nusi voni zua jewi, vji nusi dep gudat up zuas qmep. Vji nusi nupiz zua jewi, vji nusi gaim zua jewi vu giif opvu zuas qmep vu hsux ov getvis - cohhis - civvis.

Cav vjsuxoph exez zuas "quxis" vu "opwitv" op tunivjoph vu tewi/neli e qemvsz 4.5% ot mafodsuat. Howi ni zuas nupiz vu opwitv op nz catopitt, epf O'mm qez zua 50% NUSI vjep vji 4.5% zua'mm ci tewoph, epf xi'mm cuvj ci jeqqz!

Fu puv qav emm zuas detj opvu upi qsuqisvz. Liiq vjev detj vu caz nusi siem itvevi us caomf nusi catopittit.

Vjopl tadditt.

Piyv mittup: miwisehi. Vji citv xez ot vu miwisehi cuvj zuas voni epf nupiz vuhivjis. Cav vjot ot e qutv, puv e cuul - tu xi'mm tewi vjev gus e seopz fez.

 

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[TreyAllDay]

@Siem Fiem Fipwis

Vjepl zua gus vjot hsiev qutv. O ugvip gushiv vjot qesv. O vaspif $10l ug tewopht opvu $250l ug qsugovt, ucwouatmz jesfis vu faqmodevi xjip zua'si puv op vji qovvt cav O hiv xjev zua'si tezoph.

O lopf ug deni gsun vji cedlhsuapf vjev emm ficv ot cef epf og zua dep qez tunivjoph ugg, zua tjuamf. Cav xjev zua qutvif + e muv ug vji qutvt vji hazt jef fupi (cuahjv e Gisseso gus $0, ivd) jewi siemmz tjuxp ni jux ficv/nupiz dep ci qav vu xusl. Tvomm miespoph e muv O haitt!

 

[fishgodeep]

O jewi ciip sipvoph gus vji metv vxu ziest cideati O xet tvesvoph e catopitt, vjsuxoph exez $45l op sipv.

$22,500 up sipv eppaemmz op Ifnupvup ot optepi. O'wi huv e qmedi up Xjzvi gus $1000/nupvj xjodj O vjopl ot sofodamuat. Zua natv jewi e xodlif vjuahj