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Updated over 5 years ago on . Most recent reply

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Young investor looking for a point in the right direction!

Alyshia Holloway
Posted

I am a new real estate agent. I live in Charleston,SC and have saved up $20k in the past year. I don’t know whether or not I should buy a rental property or buy my first primary residence. I’ve looked into some multi family homes but they either need a lot of rehab or are out of my price range. What can I do? 

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

Look at something that has a rental suite.  Even if it is a duplex, you can live in one half and rent out the other half.  The other option is to rent rooms in your house.  It doesn't give you the same amount of privacy, but will give you the extra income.

  • Theresa Harris
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