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Updated almost 8 years ago,
Real Estate Timing Question
Hello everyone! My name is Aceneth, I'm 23 and I live in Houston, TX. I've just recently gained an interest in real estate investing and I think it can be really good for me and my future, even if I'm just doing it on the side along with a full time job. I've been reading as much as I can about real estate, trying to understand the whole process and learn all these terms. (BiggerPockets has been a great resource!) I'm more interested in getting started with buying a duplex and living there while renting out the other side as many of you have.
Now, my question is:
I'm expecting to purchase my first car by the end of the year (Tesla Model 3, so excited!!). And I will be financing it. So should I wait until after I've bought the car to search for a duplex? If I go ahead with finding/purchasing a duplex in the next few months, will it affect my chances of approval for the car loan by the end of the year?
Im so lost as to what order I should be going in. Or maybe they can't be done so close together in time.
Any feedback you guys have for me what be great!! Thanks so much!