Can I buy my first investment property while still renting?

[Nathan Brock]

Hey there!

Mortgage rates make buying a permanent residence painful and costly... I live in central Oregon, a HIGH cost of living area...

I live in a great apartment complex and rents are at least $500/mo lower than a typical mortgage here.

I am thinking about buying an investment BEFORE my permanent residence to keep my monthly CF and savings high.

What are the pros and cons? What should I keep in mind?

Thanks for your expert help!

Nathan

[Brad Hammond]

Hi @Nathan Brock, I think it makes more sense to occupy your first property.  You can put less money down and have a lower interest rate.  If you can't make the numbers work, can you make extra money with a side hustle?  Or possibly get a roommate?  At least you'll be in the game instead and making money on appreciation and tax breaks.