First time investor, rental property or my own personal property

[Javier Blanco]

Hello! I am looking into buying my first rental property. One of the many questions I have is if it better to buy a rental property first than buying your primary residence or would it be better to get your own place first and then start investing? I know I could buy duplex or townhouse (owner occupied) reside in there for a year, and then move out. Probably continue living in rental properties for a while and finally getting my own place, but not sure if somethinf like that its a good strategy Thank you!

[Emily Pierce]

Buying a small multifamily unit and living in one unit is a fantastic strategy to get started in real estate. Not only are you likely going to save money on your mortgage which will lower your living expenses, but you're building your "job history" as a landlord that you can use as verifiable income to fund future deals. "House Hacking" is an excellent way to get your feet wet, I say go for it!

Side note, for your first deal I'd recommend the rental in Atlanta. Managing from long distances has its challenges and you'll learn more being hands-on.