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Updated almost 3 years ago,
Investing While House Hunting?
Hello Everyone! Real estate newbie investor reporting in. I have been doing a ton of research on real estate investing outside of this website (books and podcasts mainly) and I'm ready to start to hit the ground running into finding my first property.
My question to all of you is in relation to financing. Right now, both me and my wife are house hunting for our next primary residence (as we are starting to grow out of our current starter home) but I also want to start getting into investing into real estate and purchase my first property. Is this doable? Will our options in terms of what we qualify for in terms of a mortgage for our primary residence be hindered by me trying to purchase my first property or (more importantly) owning an investment property? Is it better to wait until we close on our new primary residence before I go and search for my first investment property? I hope this question makes sense. Any and all advice you can pass along would be great. Just want to get started ASAP and I don't want to wait.