First-Time Home Buyer
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
What does Biggerpockets say non-investment home purchases?
My wife and I have been able to owner occupy and grow our portfolio to 8 total cash-flowing rental units (netting roughly 80k/yr). At some point, we'd like to purchase a SFH just for ourselves. We want the typical things, nice neighborhood, good schools, fenced in yard for our dog, and enough room to start a family.
Obviously, Biggerpockets is filled with terrific advice for investors, how to run the numbers, etc. What kind of advice would you give someone who is buying a home as their sole primary residence to live in (for at least 5 years)? Would you advocate to buy in an area with stronger historic appreciation? Any certain price to income ratio to consider? Etc...
We'd love to use some of the wonderful wisdom here when purchasing our first home together.