Rent appt or buy house?

[Stefanos Koursaris]

Whats up BP, I am planning on moving out of my parents house and in with my fiance within the next 3/4 months. I am also getting into real estate investing and looking for my first project. Do you suggest we move into an apartment and pay rent or getting our first house/condo, paying mortgage then once we want to move, rent it out? Personally, I believe the second option is smartest but she is nervous about taking out a mortgage and I thought some of your responses could help me explain to her as to why this would be our best route. I appreciate any help, you all have a great day 👌🏼

[Christopher Giannino]

@Stefanos Koursaris would you and your fiance consider house hacking a small multi-unit (2-4) for a year or two?  If you were to go this route, you can buy a 2-4 unit and live in one of the units and then have the other units pay for all or most of the mortgage, taxes and insurance.  By doing this, you'll be able to reduce your living expenses which can be used to save up for another investment or used to buy a nicer primary residence.  I'm sure your fiance won't think its ideal but if you guys were to "suffer" for a year or two it could potentially set you guys up and pay huge dividends later on!