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Updated over 2 years ago on . Most recent reply

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Abi Cabonita
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I am renting and wanna get into real estate investing

Abi Cabonita
Posted

Hi! I am renting and wanna get into real estate investing. What is the best way to start? Should I buy a house to live in first before I buy an investment property?

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Victor Steffen
  • Investor
  • Austin, TX
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Victor Steffen
  • Investor
  • Austin, TX
Replied

welcome Abi! Engaging in this forum and listening to the podcasts is a great first step. If you're ready to take down your first deal I suggest "househacking" . It's a great way to purchase a property with very little cash out of pocket, your roommates or tenants will cover either a large portion, or all of your housing expense, you'll build equity and free up cash that would have been allocated toward rent and start saving for the next deal. 

I always suggest starting with a househack before jumping into a pure rental deal. good luck! 

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