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Account Closed
  • Rental Property Investor
  • NV
26
Votes |
63
Posts

I feel stuck in my position, fairly new to REI

Account Closed
  • Rental Property Investor
  • NV
Posted

Hello my fellow BP members,

So to keep if short and simple, I bought a single family home a couple of months ago and currently house hacking, which allows me to pay $0 out of my pocket. The reason I feel stuck in my position is that I cannot buy another property until I live in my primary residence for at least 12 months. My ultimate goal is to buy and hold possibly a duplex/triplex/fourplex and house hack so that I don't need to put down a 20% down payment. I see other purchase multiple properties in their first year of REI. Am I doing something wrong or should I just need to be patient and wait until my 12 months is up for my primary residence? Thank you guys for your time.

-Rick

Most Popular Reply

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19
Posts
7
Votes
Aaron Curley
  • Wilmington, DE
7
Votes |
19
Posts
Aaron Curley
  • Wilmington, DE
Replied

@Account Closed.  It might give you some new ideas to find and fund deals faster.

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