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Updated over 5 years ago on . Most recent reply

User Stats

32
Posts
6
Votes
Jerry Maggiore
  • Goshen, NY
6
Votes |
32
Posts

How can you invest in Real Estate while looking for First Home?

Jerry Maggiore
  • Goshen, NY
Posted

Right now I’m living in an apartment and my Fiancé and I are trying to purchase our first home! I want to start investing while I’m searching for a house for myself. I was thinking buy a foreclosed property and taking out a rehab loan to renovate.. or is there a different path I can go?

Most Popular Reply

User Stats

95
Posts
59
Votes
Christian Rojmar
  • Austin, Tx
59
Votes |
95
Posts
Christian Rojmar
  • Austin, Tx
Replied
Have you thought about househacking (2-4 units)? I personally do not consider my own house an investment because it is all cash outflows and no inflows but with househacking you will be able to live in the place which means a much easier time managing the property, it will allow you to build equity/reduce debt fast thanks to the tenants. It may also allow you to live for free or cheap while saving money for other investments.

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