Updated over 2 years ago on . Most recent reply
House Buying Strategy
Hey Y'all! I am new to this and just in the beginning stages and I need some help... I am wanting to invest in real estate, specifically STRs/Airbnbs. I have been researching and investigating so many different markets, my head is spinning! My husband and I are wondering if we should buy a house we plan to live in first or should we do the STR? Does it matter? Should we just be open to a good deal? Thanks for the help!
Most Popular Reply
Hi Anna,
I agree with @Blake Peterson definitely a good idea to house hack as your first investment. Go with a duplex or a 3-4 unit if you can find a nice affordable one. This way you can have your own space and also have the landlord experience. You can also do a big single family but it wont be as private as living in a separate unit from your tenants. If it works out for you then you can rinse and repat the process and use the same strategy for your next property. Usually when its owner occupied property you dont have to put much money down. Much better than buying an investment property as most of them will require 25% down. Hope this helps.