Buying a Rental Property before Owning a Home to Live In

[Kyle Cushing]

Hi BP community! Debating whether to purchase a home (~$400k) for my fiancé and myself, living there for 5 years then turning it into a rental. The other option is to purchase an investment property (~$110k) that would net ~$8k in profit annually and continue renting for ~$2500/mo. If I go the second route my plan is to use the profit from the rental towards another rental. My numbers tell me the latter is the savvier option, but some other folks in my life think I’m being foolish. Would love the thoughts of anyone else who faced this! Thanks