As I’m starting my real estate investment journey, would it be a wise decision to rent out my primary residence and seek a temporary rental for myself while I save money to purchase an additional property for investment?

Take off the party hat 🥳😔The recent decision by the Federal Reserve has sparked widespread enthusiasm across markets.

I don't want to break the law, I just want to make a better business decision.

That said, we do monitor the managers, who have final say in all house decisions (for free rent, remember?).

I would consult @Jeremy Galloway before making that decision.

Many will say this is crazy but if I am spending tens of thousands of dollars I am not spending 30 minutes and making the decision on the flip of a coin.

For example, sharing details like an example property address, how much of your own capital you're able to contribute, your goals for the property, and what your exit strategy looks like can all help potential lenders better understand the situation and make informed decisions.

It's a 50/50 decision to refinance at 10.5%, a savings of $9K/year, or take a chance to wait a bit that rates would go down further.

We gave them the option to move if they needed to - and by doing it the way we did it, it gave them time at their old rate to absorb the news and make a decision for themselves without them being under extreme pressure to move immediately.  

Hey, BiggerPockets community! 👋
We recently purchased a property in Columbia, TN, for $135,000 and plan to flip it. It’s a modest home, and we aim for broad appeal with a neutral, updated look that attracts a wide ra...