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Updated over 2 years ago on . Most recent reply

User Stats

25
Posts
10
Votes
Jeff Puciato
  • Real Estate Agent
  • New Haven, CT
10
Votes |
25
Posts

Not sure the best option on what to buy next

Jeff Puciato
  • Real Estate Agent
  • New Haven, CT
Posted

 I’ll make it quick. I’m 24 years old. I live at home. I want to get out. I have 1 investment property (condo that cash flows). Purchased recently. I only have enough money right now for 1 more property (until probably another year). I want to get out of my living situation soon. Do I purchase another investment (2-4 family) and then rent out a house somewhere else for myself. Or do I buy a house just for myself maybe one that could get some rehab so I can cash out later on, but I don’t get another investment property off the bat. I don’t want to live in a multi family or my current property that cash flows. Thank you

Most Popular Reply

User Stats

470
Posts
350
Votes
Ash Hegde
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
350
Votes |
470
Posts
Ash Hegde
  • Lender
  • Fort Lauderdale, FL (Lending in FL CT GA MI PA)
Replied

At 24 years old, keep the investments going. The "best" answer in my opinion would be to buy a multifamily and live in one of the units, but that doesn't seem to interest you. That being the case, I would rent and keep buying investment properties.

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