Primary residence vs Rental cash flow ?

[Tatiana Portnyagina]

Hi all,

I have a big concern regarding buying a primary residence vs investing in rental property (single family homes in central states) ?

Here is our situation: me and my husband live in Southern California and currently rent 2 bedroom apartment for $2700/month. We are thinking to purchase primary residence first that would be equivalent to our current rent and then invest in rental property (outside of California). Now we are thinking if we can find primary residence in our area, rehab it and do a HELOC on it which will give us a chance to buy first rental property. Does it make sense to follow such scenario ? Any input would be highly appreciated !

[Tatiana Portnyagina]

@Stephanie Trevizo Thank you very much for help! We started our search already and there is definitely some opportunities available for us ;)))