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Updated about 16 years ago,
Rent to Invest
What do you all think about me renting an apartment in order to invest in other RE for cash flow?
I am finding that where I can afford to buy is not where I want to live; where I want to live, I cannot afford.
So, do I suck it up, buy a property in the area that I can afford and live in it?
OR
Do I rent where I wanna live and purchase another property that will cash flow ($100/month)?
*Note the rent where I want to live is cheaper ($95 less each month) than the cost to purchase the home where I don't want to live.*