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Updated over 7 years ago,
Rent or Buy before Investment?
So I am currently renting a house in western Washington (Puyallup) while getting started in investing and wholesaling so I can earn enough cash to start further investing in my goal of rental properties.
My wife and I hope to eventually buy our current rental for our primary residence from the current owners who we are sure will be willing to sell it to us.
MY BIG QUESTION: Should I first use the cash to buy our house (most likely as a down payment on a conventional mortgage - and there is not much opportunity for house hacking unless I turn the detached garage into an accessory unit) OR should I use it to invest in our first rental?