New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago, 02/11/2016
First time buyer (owner occupied) after investment purchase
Hello BP community,
I'm looking for some help. I currently rent and do not own property. I'm looking to purchase an investment property first because buying a house for my family right now, financially isn't in the cards and I want to begin my REI path. So my question is this, how will buying a (non owner occupied) rental property first, impact buying a primary residence later (hopefully in a few years) with a low percentage down or first time buyer type loan ? I'm concerned about not being unable to take advantage of something like that because I technically won't be a first time buyer.
HELP ?
Chris H.