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Updated almost 7 years ago,

User Stats

76
Posts
40
Votes
Frankie Betancourt
  • detroit, macomb
40
Votes |
76
Posts

Buying Home And not living in it?

Frankie Betancourt
  • detroit, macomb
Posted

Hello i was wondering if taking out a mortgage for a single family home first time home buyer and not Occupying it or renting it out and paying the monthly mortgage myself would be a bad idea investment wise. and then after 1 year rent it out? as i really dont need the home i would just like to invest in renting it out as it would take me a while to save up 20% for a down payment for a investment property thx

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