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Updated over 7 years ago,

User Stats

89
Posts
33
Votes
Jordan B.
  • Real Estate Agent
  • Long Island NY
33
Votes |
89
Posts

REI while renting an apartment?

Jordan B.
  • Real Estate Agent
  • Long Island NY
Posted

Hello Everybody,

Here is my situation,

I am very eager to jump into REI however I just signed a 15 month rental lease with my girlfriend. Do you think it is a good idea to try and pursue long term buy and hold rental properties while still paying $600/month in rent? Or would it be wise to wait until the lease is up and have my next residence be a house hack so I will not have the added stress of having a fixed rental payment on top of a mortgage payment etc. ?

I am 22 years old with about 30k in savings. I am currently looking to invest in the Cincinnati/Dayton, Ohio market (where I currently live).

Any advice is greatly appreciated.

Thank you,

Jordan

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