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Updated about 8 years ago on . Most recent reply

User Stats

24
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1
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Brittney Lynn
  • Valley Stream, NY
1
Votes |
24
Posts

Next steps- personal or investment

Brittney Lynn
  • Valley Stream, NY
Posted

Hello everyone,

I am at somewhat of a crossroads and was hoping to hear some practical advice from a more seasoned investor as to my next steps. I will keep it brief with as much information as necessarily however feel free to ask more if needed.

Currently, I owner occupy a duplex with great tenants. I am looking to both purchase a SF home for my family and a non owner occupied triplex investment.

Once I move out of my current duplex and rent out my half, the property will Cashflow with a healthy profit. The triplex i would eventually buy would have to cash flow from day one to make sense.

My question is now regarding my next steps. Should I be focusing on buying a home to raise a family or the investment property first?

I have enough liquidity for both however my concern is that a lender may not approve me for a SF should I buy the investment property first. Is there any rules of thumb, etc I should be following here? 

Thank you 

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