Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
12
Votes
Dasia Washington
  • Rental Property Investor
  • Nashville, TN
12
Votes |
20
Posts

Is it realistic to purchase while still renting?

Dasia Washington
  • Rental Property Investor
  • Nashville, TN
Posted

My lease won’t be up until next July.

I really don’t want to wait that long to start investing into rental properties.

Is it feasible to purchase now despite still renting?

Most Popular Reply

User Stats

611
Posts
665
Votes
Jody Sperling
  • Omaha, NE
665
Votes |
611
Posts
Jody Sperling
  • Omaha, NE
Replied

More real estate investors than you know rent while buying real estate. The house you live in isn't an asset unless you house hack (rent the rooms, units you're not living in). Renting your personal dwelling while owning and renting other houses, duplexes or apartments is a reasonable approach, and...

Perhaps patience is a decent idea for you in this situation, because you may come out way further ahead if you wait to buy until July. If you are willing to house hack, that one choice will put you so far ahead of most investors acquiring their first property, you can hardly quantify it. 

Plus, the election may well have an enormous impact on real estate prices. Also, you could use this moment to set up an investment account that would position you to build cash reserves even when you buy real estate in the future.

Consider researching infinite banking. Cy Kueffer has some great videos on the concept. You'll love Wealth Nation's videos. Nelson Nash is credited with inventing infinite banking. If you have the savings to buy right now, setting up a bank on yourself could accelerate your investment journey by double or triple.

Best of luck to you, however you go forward!

Loading replies...