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Updated almost 10 years ago on . Most recent reply

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Taylor Harrison
  • Rental Property Investor
  • Durham, NC
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New to the game!!

Taylor Harrison
  • Rental Property Investor
  • Durham, NC
Posted

I'm from Dixon il, a rural community. I am new to this. Have looked at a couple properties and want to invest in either a 2 or 3 unit property with option of living in.  As a first investment would I be better off living in as my primary for a year to get the wheels rolling and gain experience? 

Thanks All, glad to be a part of the BP Community!

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

@Taylor Harrison

Welcome to the site.

If you buy it as a primary residence (To live in) you will be able to buy it with a much lower down payment then if you bought it as a non owner occupied rental.

3.5% down vs 25% down.

Good luck.

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