Updated over 7 years ago on . Most recent reply
Buy in 2 years or rent in 2 years
So I'm brand new to BP and also to Real Estate investing. Was considering saving aggressively for about 1-2 years for a good down payment on a SFH or duplex in my area for rental income, but thought I'd also like to buy a new personal home for me and the fam (wife and 4 young kids). I have approximately 8 years left on my 15 year mortgage at 2.65%. So the question is should I use the money I would be saving to go towards a new personal property and try and rent out my present home or just stick with the first plan and buy a rental in 1-2 years? I realize it may be a personal decision but just curious as to what some more experienced investors thought.