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Updated over 7 years ago, 04/29/2017

User Stats

11
Posts
2
Votes
Hillary Dandridge
  • Detroit, MI
2
Votes |
11
Posts

What would you do? Rent or Buy?

Hillary Dandridge
  • Detroit, MI
Posted

Good Evening my Bigger Pockets Peeps! So, as a newbie I'm sooo in the education phase of this investing market it's crazy! But as I learn more I'm slowly building up not only my education, but the courage to go ahead and make my first deal. Now, I have a few properties I'm looking at and a few areas, but I'm torn in the decision of how to go about my personal residency...ikr! So, I'm currently living out of state and planning on moving back home in the next year, but I'm torn on whether to rent or just purchase a small home. Now, part of me would think to go ahead and just rent another apt, but that include deposits, dog fees, etc. But another part of me is "trying to think like an investor" and just purchase a home ( for the low) and in a few years turn that into an investment property ( hopefully along with others). I just don't see me purchasing income properties and in-turn paying a landlord for my residence. So, what would you do? Or, what have you done?

Also, I was told mortgagees ( the "30 years " ones) are no no's...how true is that?

Thanks!

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