Condo or Single Family Home?

[Kevin Tunnell]

My question is this, based off my income and down payment, I could purchase a 2 bedroom condo right now, but if I wait about 5-6 months I could have enough of a down payment to afford a 3 bed 2 bath single family home. I’d like to House Hack and I am a fairly handy guy and plan on doing some renovations myself. Which route should I go?

I really like the idea of waiting the extra time for the single family home as I feel I can do more home renovation and landscaping myself with the bigger home but getting into a home and building some equity during these low rates is also fairly appealing to me.

This would be my first deal so I haven’t quite found my niche but once I have some cash flowing rentals, I’d eventually like to get into some multi family homes. Any and all advice is appreciated!