Looking for Advice about Rental and Primary
I am renting in Norwood and planning to get started in RE Investing. I have a couple of options but can't decide which strategy I should follow to create wealth. So looking for advice from more experienced folks.
I have a 2-Year-old and I would like her to go to the best schools and get raised in a good neighborhood. I would not feel comfortable househacking in a single home/townhome if it does not have a separate entrance for the tenant, so the house hacking option is very limited.
Here are my options that I think can work out, but looking for advice:
1) Get a small Single Family / Condo / Townhome around 350K in a good neighborhood ( good schools) for my own living and thereby saving rent and after 2 - 4 years use it for rental.
2) Is Condo Investment a good option in good neighborhoods ( Norwood, Canton, Sharon, Hopkinton, etc ) --> I can get a condo and use it for rental. But whatever is in the market now they are not cash-flowing properties. I would only look for appreciation here or my be If I can refinance after 3 - 4 years and get a lower interest rate, then it can make it cash flowing. Do condos/ townhomes appreciate in good neighborhoods?
3) Get a smaller townhome/condo for myself and a multi-family in B-class neighborhoods in Mass itself so I can manage them on my own?
Any other Advice? What would you do in my situation?