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Updated over 1 year ago on . Most recent reply

Andrea W.'s profile image
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Andrea W.
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Short-Term & Vacation Rental Discussions

Mid-life reboot, how should I start my real estate portfolio?

Andrea W.
Posted

I am starting over at 49. I have a small lump of money to invest and want to start building my real estate investment portfolio. I am currently renting. Should I start with an STR, or house hacking? Any opinions or advice is welcome!

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Scott E.
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  • Scottsdale, AZ
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Start with house hacking. At 49 you probably don't want to deal with roommates, so look for a 2-4 unit. This way you can live in 1 unit, have some privacy, and rent the other units out to cover some (or all) of your mortgage.

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