r/Money • u/ImCoyyWR • May 03 '24

Is it worth buying a house in 2024, or renting?

25 years old, using my VA home loan. Just curious if it makes sense to buy a home, or wait for the market to subside and just rent?

I’m making 70k yearly, and pre approved up to 240k

Just wondering lol.

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u/PostMahomess May 03 '24

Just bought one with my VA loan last year. Im renting it out now making a bit of profit and theyre paying my note. Ill HELOC cash from it in 2 years and buy another rental. Rinse and repeat.

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u/Altruistic_Sock2877 May 03 '24

I’m planning on making my primary a rental and getting another home. Who is managing your rental property?

1

u/PostMahomess May 03 '24

My wife is a broker, so she handled my sale, finding me a renter and managing the property.

1

u/Altruistic_Sock2877 May 03 '24

That’s awesome