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Updated 5 months ago,
Just moved back to USA - what comes first (STR or my own personal residence)
Hi, I posted quite a bit a year back or so about my interesting situation. I lived in Japan for 20 years and was going to start building my USA based portfolio from Japan. I now actually live in Colorado full time and am looking to get started.
My big question is... I don't even have my own personal residence yet (live with my parents, and proud of it!). My goal is to buy my family home (wife and 2 kids) in about a year, but don't want to wait a year to get started on Real Estate investing if I don't have to.
I am most interested in STR as I love the idea of active management and playing the hospitality game. I used to be in marketing and my wife is an interior designer (freelance).
I am saving for my own personal residence as I have never owned before, but don't really know the different consequences I may face if I do an investment property first (concern related to my debt-to-income etc...) and how it may affect me trying to get a personal mortgage later.
Any general advice would be appreciated!!