First home or first rental

[Alvin Gonzales]

Hello,

I would like to pick at anyone’s interest as to whether I should purchase my first primary residence or should I focus on my first rental property? I am a 25 year old from Toronto, Canada. I still live with my parents. I am currently a registered nurse working under contract. Which is the first priority?

I personally want to move out ASAP, but also my end goal is financial freedom.

Any thoughts would be greatly appreciate. 

[Account Closed]

House hacking would give you a huge head start on your journey. While no one wants to live with others if they don't have to, it's a small sacrifice to make in the grand scheme of things. You'll appreciate the speed at which you develop by going outside your comfort zone. MF would be ideal because you really aren't living with someone or looking for a SF with a separate entrance basement which would create the separation you desire I believe.