I need Advice :) Buy more house or start investing career?

[Account Closed]

Hey BP, here is my dilemma. I just bought a new house on a USDA loan at 100% financing. As I was closing I got a huge promotion at work.... Here are my two options. 1. Start real estate investing (my plan is BRRRR, mareket about $150k homes). or 2. Buy new dream house and rent the USDA house I just purchased? Which way would put me further ahead. Both situations I have a home to live and my first investment.

More details... USDA house- $209,000 @ 3.5%= OTD PITI $1350

- USDA house rents for approx $1800

New dream house about $400k

What do you think?  Any suggestions?

[Amit Kal]

Your USDA home sounds like it will be a break even proposition if you rent it out but that's not a bad thing since you put no money down on it! 

Do you have the money saved to buy a $150k home all cash to do a BRRRR? If so, then stay where you are and start your REI career by looking for your first BRRRR investment.

My personal advice would be to stay where you are, bank the extra money you are making at work and use that for down payments on future investment properties. 

Yes we all want to live in our dream home as soon as possible. but wouldn't it be better moving into your dream home knowing you have 5, 6 or even more units bringing in enough cash-flow to offset some or most of the PITI+expenses of your dream home?