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Updated almost 8 years ago,
First property: House Hack or Single Family? - SE WI
I initially started looking at duplexes to house hack and am looking in West Allis and Greenfield specifically. The reason for that is to pay little to no rent while building capital for the next investment property. I will be moving with a sibling first, then the next property would be just me while my sibling is a tenant in the first.
I'm starting to wonder if I should open up to single family properties as well? The only downside is no other tenant help with paying mortgage but it'll already be less than what we're renting for now.
The property would be funded traditionally - does anyone know how I can move to the next investment property shortly after (within a year)? (Thinking in terms of minimum time required for showing proof of rental income, occupancy, types of loans available).
Thanks much!