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Updated 9 months ago on . Most recent reply

User Stats

24
Posts
1
Votes
Mitchell Smith
  • Home Sellers
  • Duluth, GA
1
Votes |
24
Posts

Whether or not I should wait to buy and hold

Mitchell Smith
  • Home Sellers
  • Duluth, GA
Posted

Hello everyone!

So, I just left a conference about a week ago where I talked with a colleague about REI and left super jacked and ready to invest. However, after doing my research and talking with a few people, I've been feeling SUPER overwhelmed. I'm slowly realizing that I don't have nearly enough cash to just buy an investment home. I've learned that the best way to do it is to start off with a purchase that you yourself will live in. That way you can get an FHA and a few other perks. The only problem, is that I'm locked in a lease until next July.

My question is this, is there another way? Can I still get my feet wet with little cash? OR, should I just stick to researching and educating myself and waiting until I can move in to a house of my own next year?

Would love to get your thoughts! Thanks!

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