That would be depend on how much cashflow you can generate from your primary as a rental versus what an apartment will cost you.

This route can help generate more cash flow than a traditional rental and offset holding costs, even if occupancy rates fluctuate.Rehab: Use part of your bonus to address those problem areas for a BRRR approach.

I'm a financial planner who works with real estate investors - we have a client who plans to renovate a Clinton Hill (Brooklyn) property that has been in his family for generations into a multifamily rental.

My goal is to obtain finacial independence and grow that towards generational wealth.

House-Hacking is a great way to start building generational wealth.Best of Luck!

Does the appraisal value really matter though if it generates a ton of income?

Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.

Here’s how it works:Buy a cash-flowing property with solid fundamentals today.Rehab it, improving the property’s value and generating more rental income.Rent it out to ensure cash flow covers your costs.Wait for a Rate Drop—this is the new "R."

I personally don't like to settle (and am risk adverse); so, I did both...went to college and have a portfolio of investments that generate passive income.

We've started using platforms like airbnb to generate long term rental leads and that has also proven to work really well as of recently.