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Updated about 3 years ago on . Most recent reply

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Dan Marr
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First time buyer - Seeking advice

Dan Marr
Posted

Hello,

I am trying to buy my first property to live in, and also plan to make it a rental after the first year of occupying it. I am wondering if I should be analyzing potential properties differently than I would if I was buying it solely as a rental property?  Any advice and suggestions are greatly appreciated! 

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Grace Wang
  • Realtor
  • Denver, CO
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Grace Wang
  • Realtor
  • Denver, CO
Replied

@Dan Marr Have you thought about house hacking from the start and after the first year, you could move out and get into your second house hack and turn that first property into a full-time rental?

Regardless, I would analyze it as a rental from the beginning, but see if there are different strategies you could use to rent out the property. For example, does your city allow room rentals? What about short or mid-term rentals? You are not always bound to SFR, and having multiple options is always your friend. hope this helps

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