Advice on Buying vs Renting as a 25 year old living at home

[Josh Sabourin]

Hey guys,

My name is Josh and I'm new to bigger pockets. I am a 25 year old who works at a startup internet marketing company in Sorrento Valley. I have been living with my parents after moving back to CA from Alabama to save money and figure out the best strategy for my living situation here in San Diego.

I guess I need some advice from investors who are familiar with the San Diego market. I was originally planning to try and buy a condo or home in San Diego and rent out another room or 2 to help pay down the mortgage instead of just renting. 

I am wondering what other investors think the smartest thing to do for a living situation in San Diego would be to build wealth over time? Does it make sense to buy here and rent out the extra room or 2 to lower my monthly payment while building some equity or is renting smarter and using that extra cash to invest in other properties or businesses better?

Either way I will either have to pay rent or a mortgage when I move out just trying to figure out the smartest way to go about it!

Thanks

[Joe Sherman]

Josh Sabourin I bought my first home around your age and I was 24. My roommate moved in with me temporarily. I wish someone had told me to invest in duplex at that time. My recommendation if you have the down payment, credit and income would be to buy a duplex as your first home and instead of renting a room to someone rent the other unit. You will be happy you went the multi-family route.