Your friend may not understand exactly what’s involved.
Based on your scenario,
You are going to tie up $165,000+
and need a jumbo loan with a monthly obligation of over $4200 PLUS HOA .
How much can you rent it for ?
Based on loan pricing, it makes much more sense to put 25% down on an investment property. I don’t think it makes sense to consider this property as a rental.
Also, many stocks are nowhere near “all time peaks”
(The manipulated indexes are at peaks)
Plenty of ways to make money if you think the indexes are going to fall. Plenty of stocks may be cheap today.
You should seek out some competent rational advice with a focus on something other than what the masses are doing.
