Rental property investing while renting yourself

[Adam S.]

Hello All !

My wife and I are looking to start diversifying our portfolio with real estate. I've been on the BP forum and reading lots of books to educate me on this venture.  

We both have very secure jobs with good income.   However we also rent and will con't to rent for the next year or 2.   Is it wise to start investing in real estate (rental properties) without first purchasing a primary house?  

We are in no rush to purchase a house.  

Thanks!

Adam

[Brian Schmelzlen]

Yes, it might actually be better. It means that you have more money available for a down payment on your investment property.

Personal residences are not investments, they are lifestyle decisions. If you are in no hurry to own a personal residence, then you shouldn’t feel pressured to buy one first.