I have started out in real estate investment by accident, by having to move from a terrible real estate market. I have thoroughly enjoyed though the cashflow that I have received in my first rental property. Since then I have acquired a few more properties.
My community is a growing fast and equity is going up! and up! and up! Is it possible/legal to keep buying my personal residence, holding it for 1 year, renting it out, and then buying my next personal property, and then doing this same process over and over again.
The purpose...to avoid the 20% down on investment properties! Or is there something I am missing!? I figure if I can keep getting in homes for 3.5% to 5%, instead of 20% that would save me a lot of capital.
Once I get enough capital to start buying outright? any ideas, thoughts, concerns, etc?
