Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Investor Mindset
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

49
Posts
20
Votes
Charles Bruce
  • Rental Property Investor
  • Bridgeport, CT
20
Votes |
49
Posts

Should an investor own his home or rent it

Charles Bruce
  • Rental Property Investor
  • Bridgeport, CT
Posted

Should an investor own there home or rent it ? I’m hearing a lot about renting your home and not owning it , it’s good to just own investments that make you money !

Most Popular Reply

User Stats

179
Posts
188
Votes
Aaron Millis
  • Rental Property Investor
  • Montgomery, AL
188
Votes |
179
Posts
Aaron Millis
  • Rental Property Investor
  • Montgomery, AL
Replied

Hey Charles,

I know nobody likes hearing this answer but.. it depends! I personally don't plan on renting in the near future. I lived in my first investment property as a "house hack". Now I'm currently doing a "live-in-flip" and when I sell (or rent) this house I will move into my next investment property- preferably multi family.

I personally am doing this because it's pretty easy for me. By that I mean I'm young and single with no kids. I don't mind living in a construction zone or living with my tenants if it gets me where I'm going. Not to mention that its easier for me to get a loan when I move into a house IE: lower down payment/better interest rate/long term fixed rate financing. 

Also being able to get loans is muy importante to me- and debt to income ratio is a big part of that. If I were to rent a house now that would just hurt my DTI and keep me from where I want to be. Same thing if I were to finance a car or something like that.

As I get older and progress with my investing I'm sure I could end up renting. But for now it's cheap used cars and house hacks.

Loading replies...