Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Buy my home first or buy rental home
Hello all,
I am a newer member of this site and have a few questions about starting off. Currently I am in my last year of school and will hopefully have a career starting next Summer. I want to get my loans paid off before I think about doing any investing (should only take six months to pay). After I get my debt paid off I was wondering if you think I should save for my own house or buy a double and rent the other half out. I know everyone will say buy and rent but I don't like the idea of living with a stranger. I have heard of the buy and live in for a year than you can rent it out. What are the specs on doing something like that (interest rate, pmi, down-payment min.) I was thinking about doing that with a single home and moving into another one after a year. Thoughts?
Thanks,
Dave