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Updated over 7 years ago,

User Stats

103
Posts
10
Votes
Phillip Gonzales
  • Real Estate Agent
  • Phoenix, AZ
10
Votes |
103
Posts

Buying Primary Home vs First Investment

Phillip Gonzales
  • Real Estate Agent
  • Phoenix, AZ
Posted

Good afternoon everyone and cheers from Phoenix, AZ! So over the last 6 months or so I have been debating on buying first home for family of continuing our rental and buy our first investment. A little backgroundI am FT Realtor and have been in the market since 2015. I've blessed enough to have sold 48 deals in my first 2 years and has given me a 6 fig income in 2016 and already in 2017. I have the chance to buy now come January, but torn between using the first buy as one for my family or using money toward flipping. I don't have the option to buy a 2/3/4 plex and live in one. Wife doesn't want that and I don't want that. So would you guys who did it over again for your first flip or buy a prime home first and the start flipping.

Current rent $950 a month and we live in uptown PHX which is a very desirable area with homes in mid 500s +. 

Mortgage est would be around $1500 and then I fig after buying. I would then start flipping. 

Any insight would be appreciated. 

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