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Updated almost 8 years ago,
Dilema, buy a house first or buy an investment property first?
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?