Updated almost 8 years ago on . Most recent reply
First-Time Homebuying vs. Real Estate Investing
Hello all!
This is my first post, since joining BiggerPockets.
I live in NYC and have been doing a lot of research on first-time homebuyer programs, which provide grants and special saving accounts that would assist with downpayments, closing costs, inspections, amongst other things. However, by utilizing these assistance programs you would need to forgo time by living in the home for around 5 - 10 years.
On the flipside, there is RE investing.
What are you thoughts on this?
Which route would you choose if you had the chance and why?
I'd appreciate all your inputs. Thank you and Happy Holidays!