Invest in first rental or buy a primary residence first?

[Ryan Hourigan]

Hi BP community,

Would you advise I own a primary resident before I get into real estate investing? 

I would eventually like to get into the LTR space and build a strong real estate portfolio. My family and I are currently renting and do not own any real estate. Would you think it's best to hold off on REI while we save to buy our primary home?

I am eager to dive in REI but want to make the best choice for my family and not bite off more than I can chew at once.

Any guidance would be appreciated.

Thanks,

Ryan

[Ryan Hourigan]

Quote from @D’Andre Ortiz:

Hey Ryan, I think that every situation is of course going to be different and depend on a lot of things in your life. I am personally of the stance of getting into real estate when you can is the best option. You never know what life events that could pop up and make it much more difficult to buy a home. If you go by the standard that most real estate appreciate 4% yoy then I think it is always a great way to start. Also the best way to get experience in this game is to do just start it! I hope this helps!

 Your insight was very encouraging and helpful. Thanks for your time, D'Andre.