Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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,

Account Closed
  • Cleveland, OH
11
Votes |
27
Posts

Buy my home first or buy rental home

Account Closed
  • Cleveland, OH
Posted

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 

Loading replies...