Pay rent vs pay mortgage note

[Glen Kaisha]

Not sure if this question has already been asked and answered but- I’m interested in investing in rental real estate however, I’m torn between becoming a renter or paying a mortgage note. I live in New York where renting in some areas costs more than a mortgage note. I planned on getting an inexpensive condo or coop in an area outride of where i live but I’m not sure how this will affect my goal of getting into rental property investing. Can someone advise on which would be the best route to take if I want to get started in rental property investing?

[Ali Boone]

Here's my take on it-

https://www.biggerpockets.com/renewsblog/2014/01/1...

A huge part of it is where you live and the costs to buy in that location. You mention that, but ultimately you want to weigh out what the true costs of buying a house/condo for yourself will be. Especially with condos, watch out for the condo fees. 

Hope that helps.