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Mary Ann
  • Investor
  • Polk County, FL
35
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144
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Is Anyone Renting An Apt & Own A Home As an Investment?

Mary Ann
  • Investor
  • Polk County, FL
Posted May 30 2015, 23:09

I'm renting right now (1400/mo) and I want to transition into buying my first property. However, to buy/live in a home in a safe nabe may run me about 150K or more. I rather invest in less expensive homes as a newbie, and have a few options in my area. Is it smart to rent a cheaper apt (900/mo) and buy/hold a SFH 50K and under? Or should I go for a higher priced home, live in and rent it out later? Any info appreciated, thanks!

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