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Updated about 9 years ago on . Most recent reply

User Stats

61
Posts
5
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Rick Alvi
  • Investor
  • houston, TX
5
Votes |
61
Posts

Buy myself a primary residence? Or Investment house first?

Rick Alvi
  • Investor
  • houston, TX
Posted

Hey guys,

I live in a hot market (Houston to be exact). I'm torn between moving out of my apartment and buying a SFH or investing in a rental SFH or other property in a different market (such as the Midwest). There are two main issues in my situation. 1) I may not live in Houston in a couple of years because I may move overseas for a career change 2) It doesn't make sense to keep paying an apartment and not build equity on my own primary residence. But in regards to #2, I hear that unless I plan to live in my primary residence for 5 years or more it doesn't make sense with all the costs associated with buying a house and selling it later down the road if I do move overseas. The point is, I'm not 100% certain on where I'm going to be living but I am 100% certain that I want to put my money where it makes sense from an investment standpoint. Thanks so much, I have less than a years experience in studying real estate but I'm researching daily and plan to make my first investment sometime in 2016.

Most Popular Reply

User Stats

1,264
Posts
977
Votes
Logan Allec
  • Accountant
  • Los Angeles, CA
977
Votes |
1,264
Posts
Logan Allec
  • Accountant
  • Los Angeles, CA
Replied

Why not do both?  Buy a 3- or 4-unit property and live in one of the units rather than throwing money away on rent every month.

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