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Updated over 8 years ago,
Buying Rental Property Without Owning Primary Residence
Hello all. I am new to the forums but have listened to plenty of podcasts and read hundreds of other peoples posts over the past few months. Thanks to all for the advice.
I am a former homeowner who sold my primary residence and went back to being a renter at the end of last year. I needed/wanted to move without the longer term commitment of owning another home so renting was right for me at the time. Obviously I am on here to build a better financial future for myself and paying some one else rent is not a long term goal. I have money to put down on another home but plan on moving in with a serious girlfriend at the end of the year when the lease is up. She owns a nice single family home that I can live in at minimal expense. Instead of using my money to buy another home I thought about putting it in to an investment instead.
Does anyone have experience buying a rental property without owning a primary home? Curious to hear your stories. It seems like a logical move to me but wanted your advice first.