All Forum Posts by: Janina Farr

I'm no pro but from all the reading I've been doing I've learned that buying investment property first is better , and if you are really looking to move then buy something you can rent out in a few years. Such as a duplex or Tri-plex. That's the easiest way to get started. You will have your first rental property. Also you have to think about how this big purchase looks on your credit. If you buy a house to live in and have no plans of renting it out and allowing that property to be income then that's just looked at as debt. Your not gaining extra income from it. You need to purchase something that will be extra income when its time to purchase your next investment property!!! Just my 2 cents!!

Hi BP crew. I just need some quick advice. I'm looking to purchase a building for $200,000 and in the past I've been told using a mortgage broker was better than using a bank to get financed. What is the difference and what's the best way to go?

WOW!!! What an overwhelming support system we have. I'm new to Bigger pockets as well and I joined to learn as much as I can about real estate investing. Just reading the welcoming responses to Ernie makes me feel good about joining. : ) I've learned so much just in the last week I've been a member.