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Updated over 2 years ago on . Most recent reply
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I am renting and wanna get into real estate investing
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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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!
- Victor Steffen
- Podcast Guest on Show #790