Advice on equity from selling house

[Ashley D Moore]

Hello I recently sold my house and got back $70,000 in equity. I found a cute little house for $87,000 I'm going to get a loan on for 15 years with a down payment of 17,000. I will live there a year then rent out.

That will still leave me with $50,000 roughly to invest in something.

Should I leave for a down payment in a year when I house hack this house I plan on renting out. Or should I buy a cheap 40 to $50,000 house here in my town (Terre Haute, In)  I could rent out for at least 750 a month?

[Julie Toh]

@Ashley D Moore This quote is good advice for investors. "Don't wait to buy real estate, Buy real estate and wait."