A 22-year-old making $120,000 annually sought Reddit’s advice on buying a duplex while living rent-free with parents. He maxed out his 401(k), saved $32,000 in cash, and has $6,000 in investments. Commenters praised his savings habits and advised focus on investing over real estate.

The main question was whether buying a duplex was a good move. Reddit users cautioned that being a landlord is a job and shared horror stories of nightmare tenants. Some suggested vetting potential renters thoroughly, as issues always arise.

While real estate can be profitable, not everyone agreed it’s better than stock market investing. Some advised keeping investments simple and passive, focusing on market-weighted indexes. One commenter emphasized the stock market’s potential for better returns than real estate.

Platforms like Fundrise offer exposure to real estate without tenant or maintenance hassles. Some suggested middle-ground solutions like living in one side of a duplex while renting the other or having parents move in and pay rent. Patience and discipline were the consensus for the original poster.

The 22-year-old, who works in pharmaceutical manufacturing, revealed he started with $200, attended a free trade college, and has been working for a year and a half. Reddit advised him to keep saving, investing, and building a strong foundation for the future.

Read more at Yahoo Finance: At 22, He’s Making $120K And Asks If He Should Buy A Duplex And Continue Living With His Parents. ‘I Wanna Make My Money Work For Me’