If you are able to purchase 2nd property, will you do it? Why and why not?

I would ask you what is your goal in purchasing a second property.

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If not is for a passive income, you need to remember that the income is taxable at your tax bracket. So if the rental return minus property tax, interest payment, maintenance, conservancy and tax is positi

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Then calculate if the return is how many % if it was used in investments into stocks or whatever you are good in. Usually the return is not above 5% then would you still do it. And are you going to self manage. If you are not, you still need to pay agent fees.

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I used overall life of the property to calculate the return and if it is comfortable, I would buy. And since you said it is a second property, you definitely pay ABSD. So you need to factor that in.

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There are use cases that will work but not all.

If I have the ability, I will.

If I had the means to purchase a 2nd property, I would do it. I would look at three main things:

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1. Investment potential - I would carefully analyze the real estate market and evaluate the long-term appreciation and rental income potential of the property. Things that can help you identify a good real estate investment include the surrounding vacancy rates and entry price!
2. Personal/family needs - I would also consider whether purchasing a second property could meet any of my personal or family's housing needs, such as having a vacation home or an investment property that could eventually be used by family members.
3. Diversification - Investing in real estate could help diversify my overall investment portfolio and provide a hedge against market volatility in other asset classes.

Yes. And I did