SF as a first investment?

[Courtney Avila]

I’ve been thinking about investing in my own single family home. Initially, I was leaning towards a multi family, but if I do a SF I can cut my monthly payment in half with the budget I want to stick within.

My question is: is a single family a good investment, even if it’s not in a prime location? (I can work remote, so NH, ME or VT). I’m feel investing in something I own is better than paying rent to someone else, and could use it as leverage to get a multi family in a few years. Thoughts?

[David Marshall]

@Courtney Avila House hacking is a great way to get started. A house with a conventional loan with 3% or 5% down is an easier way to get started. A duplex, triple or fourplex are other options with 3.5% or 5% down. Like many investors, I got started with a duplex and improved the property every year using part of the rent. As a real estate agent, I see new investors take their first steps by house hacking 1-4 unit properties all the time. The method provides housing and income to help pay the bills.