First home or invest

[Rodney Love]

Im currently renting in St. louis Mo. But plan on buying my first home next year. I want to use my fha to  buy a duplex  and do the house hacking strategy. Im looking in markets in Georgia and in Dallas area. Because I plan on moving out of St. Louis by February 2021.  I have excellent credit and money in the bank. Any advice?

[Jaron Walling]

@Rodney Love A lot of people say they will invest "next year" but how many actually do it?? If you're money is sitting in a savings account doing nothing you're losing the battle. I'm saying this because that's what I did for the better part of my 20's. I wasted time and never invested in anything. Your money should be making money CONSTANTLY. It doesn't matter how you do it. Open a Roth IRA and start contributing to it. Invest in a mutual fund. Store come cash in a CD. Buy some growth or value stocks.

Only after you move to a new city would I consider purchasing a property. It's so important to understand the numbers, rental rates, and market direction. That is how you'll find a good DEAL and not just an average priced duplex that barely cash-flows.