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Updated over 1 year ago on . Most recent reply

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Joe Klingensmith
  • Banker
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What would be your first investment?

Joe Klingensmith
  • Banker
Posted

If you don’t yet have income generating real estate, what sector will you want to invest in first?

If you do already, would you do it again or go about it differently if you could? 

I hope to invest in the next few years. My thought process was to buy a duplex, live there and rent out the other half for a year or two, then move out. 1031 eventually. That was my train of thought. 

However NNN leases seem very intriguing as do other aspects of CRE.

Just curious what words of wisdom and experiences you all have. Thanks!

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Henry Clark
#5 All Forums Contributor
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Henry Clark
#5 All Forums Contributor
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Replied

As a first time investor you have more options than mature investors.

1.  Use your rent your already paying towards an investment.

2.  Versus 1031, if you live 2 out of 5 years as primary residence then tax free.

3.  Deductions of some living expenses.

You might do this while pursuing another REI strategy.

  • Henry Clark
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