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Updated over 9 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Anonymous
  • Member since Oct 19, 2015
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Account Closed
  • from Anonymous
  • Member since Oct 19, 2015
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Account Closed
  • Anonymous
7
Votes |
18
Posts
Buying & Selling Real Estate

Own a home before investing?

Account Closed
  • Anonymous
Posted

Hi BP members,

As I am new to this site and attempting to suck up as much information as I can, I had a quick question! Is it advised to own your own home before you begin investing in a property?

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Jon Huber's profile image
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Jon Huber
  • Rental Property Investor
  • from Boca Raton, FL
  • Member since Aug 3, 2014
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Jon Huber's profile image
Jon Huber's profile image
Jon Huber
  • Rental Property Investor
  • from Boca Raton, FL
  • Member since Aug 3, 2014
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Jon Huber
  • Rental Property Investor
  • Boca Raton, FL
706
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1,845
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Jon Huber
  • Rental Property Investor
  • Boca Raton, FL
Replied

@Account Closed Why not both? You hear a lot about "house hacking" here. You can use an FHA loan to purchase your first house, and have it be a duplex, triplex, or quad. Rent out the other units and live for free. It's just an option...

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