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Updated almost 3 years ago,
Beginning my journey
Hi! My family and I (5 altogether) have recently moved to the country for work (Utah). We love it here and plan to stay long term, currently doing our green card through my husband's employer. We're also working on building our credit, starting fresh takes time. We're very interested in investing in RE (I'm currently studying to take the RE sales agent test). I'm learning all the time and it's very exciting but also overwhelming. I don't know where to start. I know the first step is to get credit history established and eventually approval to borrow. The question is, what sort of property shall we go for for our first home. A househack? or maybe we continue renting ($2150!!!!!) for our primary home and buy a rental property? The thing is, buying a house big enough for us with a mother-in-law apartment is very expensive in Utah. Looking at at least 500-600k... which would be potentially the very maximum we can borrow. Also, we're on a budget for the downpayment and closing costs.
Any advise on what you would do in our situation would be greatly appreciated.
Many thanks. I hope I'm the one giving the advise in a few years time :)
Pierina