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All Forum Posts by: Joseph Boyd

Joseph Boyd has started 1 posts and replied 2 times.

Post: First investment for someone who will be moving soon

Joseph BoydPosted
  • Lafayette, LA
  • Posts 2
  • Votes 0

@Ross Kerne

Thank you very much!

An update, I am in the process of closing on my first house; I plan to house hack it. It is in 70508. Hopefully within a year I plan on purchasing my first investment.

There are a couple of duplexes and fourplexes available on Zillow in 70501. In your experience so far would you recommend investing in one of those or trying to invest in a better zip code?

Post: First investment for someone who will be moving soon

Joseph BoydPosted
  • Lafayette, LA
  • Posts 2
  • Votes 0

Hello everyone,

I am new to BP and looking to begin investing outside of the stock market. I have been working at my current job, in the oilfield, for about a year now. I currently live in Lafayette Louisiana and am looking at the markets in the 70508, 70506, and 70501 area codes. They told me when I started that I’ll be here for 1-3 years. I am currently living in an apartment and my lease is running out within the next couple of months. This being said my biggest question is:

Is it better for me to buy my first home and build equity or just invest in a rental here and wait to live somewhere more permanent to buy my first home?

Thank you