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Updated almost 8 years ago,

User Stats

76
Posts
13
Votes
Jessica Gettle
  • Flipper/Rehabber
  • San Antonio, TX
13
Votes |
76
Posts

Dilema, buy a house first or buy an investment property first?

Jessica Gettle
  • Flipper/Rehabber
  • San Antonio, TX
Posted

Hi there fellow investors!  I've been attending meetings, and reading up on investing a good part of last year up until now trying to figure out how to break in to the investor game.  I really want to purchase my own property however I haven't even bought my first home yet.  My instincts is to buy an investment property first and then build my business to be able to afford a home instead of the other way around.  I figure worse case scenario if I can't resell my first investment property or rent it out I can move into it as a last resort!  My personal finances can only purhcase a 150K home or less.  I am also currently doing credit repair that takes time all while holding down a very demanding full-time job.  

I will also need to find seller financing, hard money or private money for my first deal with only a little cash reserve to pick up my first property.  

Any suggestions?

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