first investment
Im sitting here just pondering different ideas and was wondering if buying a house and renting out the individual rooms (while living in one) is an ok way to make my first investment. Im currently just educating myself and planning for when i finish my degree. The way i see it I will be paying for a place for myself to stay anyways. I figured why not rent out the individual rooms and take all the rent money to save up for a down payment for my actual first deal.
Does this sound like an ok way to introduce myself to managing renters, buying property, and other aspects of being a landlord? Or is it a waste of time and should i be planning to just save up and start by investing in a full rental.
A side note is i will have a job and have enough income to make the payments and live off of anyways.