Buy a Home for Residence and as Investment Property

[Pat Chamara]

I have 100k+ in savings and would like to invest that in real estate. I also rented until now and am in a situation where I need to buy a home to live in. I am currently considering using 20-30k as down payment for a residence and using the rest, about 100k for an investment property (probably a vacation rental). However, also wondering whether there's another way I could approach the situation. For example, buy a duplex with the savings I have and rent out one half; buying a multi-family and renting part of it etc. Would like to know whether any of you have been in a similar situation and how you approached it. The current plan I am leaning towards is to buy a home as primary residence and then buy another as an investment property.

[David Ginn]

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