Should I buy a house to live or buy a house to invest?
I have received $75.000 of an inheritance last year, plus 50% of a house that I am selling.
I have paid all my debts and now I have $50.000 left. I am renting a house at the moment and I'm wondering if I should:
- Use the $50k for a deposit and buy a house for me to live in, and then I'll have no money left until I sell the inheritance house which I don't know how long it's going to take since it is for sale since last summer;
- Use the $50k to buy a house to rent (Airbnb or normal renting) and make a profit from it whilst continuing to rent myself until I sell the inheritance house
- Buy nothing until I sell the inheritance house
I am so confused what to do! Any advice? Thank you so much in advance!