Investment property before your 1st personal property

[Phil McIndoe]

What are your thoughts on acquiring an investment property before your own personal property? For those who have done it, would you have done it differently? Did you later purchase your own personal property much later than anticipated, because the investment property took a large chunk of your savings? Or rather, did you use your return on your investment from the investment property to help fuel further savings to purchase your first personal property afterwards? Any advice is greatly appreciated.

[William Allen]

Hey Phil, 

This is something I've done myself. I originally purchased a duplex to househack. The property needed a significant rehab, so I lived with my mother during the project. By the end of the project I realized how much money I could save by staying at my mom's house and renting the duplex. This allowed me to save an insane amount of money and eventually leave my corporate job that I hated to invest full time. Having the monthly cashflow has saved me and allowed me to have freedom while young! Definitely don't get over extended on your primary residence.