Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated almost 2 years ago,
Guidance and general questions
I want to purchase my first property in the next year or two but not sure on if the timing is right because of my current situation. I am 25 years old, currently have student loans to pay back, and live in the downtown area renting on a monthly basis. Basically, I'm asking if I should try to clear my debt first before making the move to purchase a property? Also, would it be smart to keep renting while also have to pay a mortgage on an investment property?
I am looking to either BRRRR (I'd live in the house for a couple of years) or househacking, however my girlfriend lives with me and I don't think I could sell her on another person living in the same area.
I am an open book, please fire anything my way if you have any advice.