Purchase Primary Residence or Rental Property Investment First?

[Tyson Thurman]

Hey BP fam,

When you first started out in your real estate journey, did you purchase a home for your primary residence first or did you buy a rental property before you purchased your first primary home? My fiance' and I are getting into real estate, possibly may even house hack. But if we do not house hack, would you buy your primary home first and then look to invest in rental property second or would you start investing first and continue to rent for now and then buy a primary residence later down the line? Looking for some insight from others who have thought about this and the things to consider.

[Bill Ward]

If I started over 10 years younger I would buy a house as a primary for the low down payment, fix up any issues it had over a year or two, depending on costs, and then move and repeat. Rent our your former home. Lowest down payment options vs a rental needing 20% down.