I’m a mid-30s healthcare worker in a high-cost region earning ~375k. Should I purchase a multi-unit property to live and rent or stick with index funds for improved lifestyle?
Having managed both investment types over the years, I tend to favor index funds when balancing a heavy healthcare schedule with personal investments. The liquidity and low-maintenance nature of stock market investments proved to be an excellent fit for my busy lifestyle, despite the allure of a property that could potentially serve dual purposes as both a residence and additional rental income stream. While managing tenants and dealing with vacancies and repairs in a multi-unit property can offer tangible rewards, the time commitment required may not align well with the demanding nature of healthcare work.
Hey Ava_Quirky, your dilemma really got me thinking. What about combining both? A smaller, less hands-on property alongside index funds might strike a balance. How do you feel about the trade-offs between active management and passive investments?
hey ava, im leaning more towards index funds to avoid extra hassle. owning a property might sound good, but the tenant work could really add up time-wise. stick to what lets u focus on work if youre not into property mgmt.