LIVE IN MY FIRST RENTAL PROPERTY OR RENT IT OUT?

[Karl Bright]

Hi guys,  Karl here,

I am newbie to this platform and i need some direction regarding REI. if you dont mind i would appreciate some feedback on the main question above and the following. I do apologise if this has been asked somewhere in the forums but i couldnt find the answers i am looking for anywhere. I will be short and precise here.

so as a new or aspiring REInvestor

1. should i live in my first house and pay mortgage say for a year and refinance after that and get my second property and rent it out? and continue paying for the mortgage on the first house whilst the second house sorts it self with rental.

really what i am asking here is where does one live after their first investment purchase. 

do you rent somewhere else  and buy your first house for rental?  or people own their first houses first ( all paid up for) then move into buying their second home etc.

Thanks for your awesome answers.

warmest regards,

Karl