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Updated almost 10 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Veronica Perez
  • Trenton, NJ
1
Votes |
9
Posts

start with investing but still living in an rental apartment??

Veronica Perez
  • Trenton, NJ
Posted

Hi everyone!!

Here is our dilemma should we start to buy our first rental property but stay in our rental apartment? Here is the thing we don't have enough money to buy with the 20% so we thought that maybe we can start to buy with the FHA maybe a small single house live in for a year then move out and rent it , or buy a multifamily house live in one unit(in order to follow the FHA rule) rent the others then buy single house live in the rent it and so on until we can buy our dream house have somebody done this?? is this a Good way to start investing ? we been living in rental apt. for 10 years!!

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