Rental property or personal home: which comes first?

[Mia LeTendre]

Hello folks,

I’m a first time buyer looking for a little guidance. My best friend and I are planning on buying a multi family together to use as a rental property. We are each, separately looking to buy our own homes. My income is steady, but only about $40k/year, as is hers. We both have excellent credit. Would it be more financially feasible to purchase the rental property first, or my personal home? I’m hoping to buy one this summer, and the other as soon as possible afterwards. Thanks in advance for your help.