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Updated over 7 years ago,

User Stats

63
Posts
26
Votes
Ricardo Cristobal
  • Rental Property Investor
  • Apple Valley, CA
26
Votes |
63
Posts

I feel stuck in my position, fairly new to REI

Ricardo Cristobal
  • Rental Property Investor
  • Apple Valley, CA
Posted

Hello my fellow BP members,

So to keep if short and simple, I bought a single family home a couple of months ago and currently house hacking, which allows me to pay $0 out of my pocket. The reason I feel stuck in my position is that I cannot buy another property until I live in my primary residence for at least 12 months. My ultimate goal is to buy and hold possibly a duplex/triplex/fourplex and house hack so that I don't need to put down a 20% down payment. I see other purchase multiple properties in their first year of REI. Am I doing something wrong or should I just need to be patient and wait until my 12 months is up for my primary residence? Thank you guys for your time.

-Rick

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