Buy and Rent vs. Rent and Buy
Hello BP,
I am looking to get my feet wet in real estate investing after I just recently graduated college and started working a 9-5 in Little Rock, AR. I want to get started, I'm just at a fork in the road on how to do it. I think that I have a few options and hope to hear advice and/or stories as to how people may have started in the past. I don't know how long I plan to stay in this area so I am wondering whether or not to factor that into my decision.
Option 1: Buy a house or multi-family to live in and rent it out if I leave the area in the near future. I know that because I would be living in it I would spend more to find houses in the area I wanted to live in and I have not found many SFR in those areas that offer much cash flow by my calculations.
Option 2: Buy an investment property and rent for my primary residence for the time being. I think this might allow me to pursue a better deal since I would not be as worried about the location. This option intrigues because I have heard a few people on the podcasts say that they have rented to buy I just feel like the other one is probably the safer bet.
I look forward to hearing your opinions!