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Updated over 17 years ago on . Most recent reply

User Stats

35
Posts
7
Votes
Alton D.
  • Investor
  • Fairfax, VA
7
Votes |
35
Posts

Rent to Invest

Alton D.
  • Investor
  • Fairfax, VA
Posted

What do you all think about me renting an apartment in order to invest in other RE for cash flow?

I am finding that where I can afford to buy is not where I want to live; where I want to live, I cannot afford.

So, do I suck it up, buy a property in the area that I can afford and live in it?

OR

Do I rent where I wanna live and purchase another property that will cash flow ($100/month)?

*Note the rent where I want to live is cheaper ($95 less each month) than the cost to purchase the home where I don't want to live.*

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