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Updated almost 14 years ago on . Most recent reply

Thorney Gibson's profile image
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Thorney Gibson
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Thorney Gibson
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  • from Bel Air, Maryland
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Thorney Gibson
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  • Bel Air, MD
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Innovative Strategies

Rent or Own?

Thorney Gibson
  • Engineer
  • Bel Air, MD
Posted

So what does everyone think. Do you think you should own your own home first, then start investing into real estate? Or do you think its smarter to rent a place that is much cheaper then owning to save up funds? Ive heard people bring this up from time to time.

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Jon Klaus
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Replied

Remember that the mortgage on your personal residence is often the cheapest money you can borrow.

You might also buy a home that converts into a good rental when you are ready to move.

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