keep renting while you buy rental properties?

[Gabriel Benavidez]

Next year this time of year my apartment lease will be up and also I will have enough for another down payment for my second rental property I'm not sure if I should house hack or rent the property and sign another lease which I would really hate to throw my money away in something I won't never own that being said I've heard the quote "rent where you want to live and rent what you own" any advice will be helpful

[Blair C.]

Gabriel,

I am currently house hacking in a duplex that I rehabbed.  If you can find a location in your area that you find appealing, this is a huge step in financial leverage.  Your entire "rent" payment can go towards savings for the next property, debt reduction etc.  You should house hack if its feasible for you, IMO.

BC