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Updated over 6 years ago,
Just staring out... should I rent or own
Hey friends!
I am currently 17 years old. I turn 18 next May and have been trying to decide what I should should do. I was first thinking of buying a duplex, living in half, and renting out the other half.(To cover mortgage and what not). This comes with it's pros and cons but I don't see that as a bad option.
or...
I was also thinking of staying with my parents another year or 2, stock piling cash from the house flipping I do with my parents business, and then save up enough to buy a 8+ unit building to rent out. Then at that point, once I have income flowing in, find somewhere cheap to live and still continue to pour a great chunk of my income into real estate.
What do you guys think? Any pointers?
Thank you!
Logan Lindstrum