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Updated almost 3 years ago on . Most recent reply

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Chris Momongan
  • Rental Property Investor
  • North Augusta, SC
22
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51
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Moving back home with parents to buy first rental

Chris Momongan
  • Rental Property Investor
  • North Augusta, SC
Posted

We bought our first house in 2018 in Norcross, Ga and are listing our house for sell this week with hopes of netting 100k.  We our unhappy with our current jobs and are looking to get new jobs and move back home with my parents in Augusta, Ga.  We plan on saving money living with my parents and buying our first rental in Augusta, which is a smaller market but is much more affordable for us .  Like to get any advice on what I should consider during this crazy change.  Thanks!

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Theresa Harris
#3 Managing Your Property Contributor
11,271
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Theresa Harris
#3 Managing Your Property Contributor
Replied

Why not look at buying a duplex where you can rent half and live in the other half for a while.  Done right, this should decrease your living expenses.

  • Theresa Harris
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