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Updated over 4 years ago,
NEED HELP!! CALLING ALL INVESTORS
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.