NEED HELP!! CALLING ALL INVESTORS

[Jack Soluyy]

I live at home with my mother and I have a child who lives with my girlfriend (at her dads house). I want to be a one family, but I don't want to purchase property where I live because its too expensive. I have investment properties rented out OOS, but I need something local.

My question is when you have investments oos so house hacking is out of the question, what do you do to live as an investor?

Is it a bad idea to rent an apt? I dont want my money going into a black hole that receives no ROI.

Is it better to just close my eyes and buy property? I could but my money would be tight, but even if I did I don't really want to make that kind of purchase (but I want to be with my daughter and girl full time)

I need help!! I don't want to make an emotional decision. Any advice would be greatly appreciated.

[Aaron K.]

The point of making money at the end is to have consumption of things you want, now that might be food, gas money, your internet bill, and yes your housing.  So your primary residence is not an investment it is consumption.  Now can you make it an investment also? Yes but you don't have to, you can do the math and see how renting or buying local affects the amount of money you have to invest and see if it is worth it, but I'd consider living with my child something of a necessity and worth the cost.