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Updated almost 10 years ago on . Most recent reply

User Stats

20
Posts
1
Votes
Andriana Babikian
  • Fort Lauderdale, FL
1
Votes |
20
Posts

Just getting my own home... what now?

Andriana Babikian
  • Fort Lauderdale, FL
Posted

I just got an offer accepted on a home that my SO and I are buying for ourselves. It's everything we've wanted, including location, on the water, size, etc. It's our first home, and now that we have a big loan out there, what is the best way for ME personally (not really him) to start out small with investing? I was thinking beginning with saving for a DP on a hard money loan, then maybe getting a small condo to fix up and rent out...? I know some of those places unfortunately have rent stipulations (like waiting one year or more). I just want to know of any ways one can start out considering I just got my OWN home and will be spending a lot of $ on that for the next year or so. We definitely do not want to flip and sell/rent our home (we want to live in it and enjoy it)... so any advice is appreciated. THANKS!

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