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Updated over 6 years ago on . Most recent reply

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Ben Jenkins
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First property purchase. Rent out, or move in?

Ben Jenkins
Posted

Hello all,

I'm just getting into real estate, and I was hoping you well educated people could help me make up my mind about something. I'm currently paying rent ($700 monthly), and I'm looking to buy a house. The choice I have to make is should I: 1) stay in my apartment, buy a 1 bed house, renovate it, and rent it out, or 2) buy a 2 bedroom house, renovate, and move myself into it?

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Brian Ellis
  • Rental Property Investor
  • South shore, MA
1,644
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Brian Ellis
  • Rental Property Investor
  • South shore, MA
Replied

It really comes down to your situation and what will benefit you the most. Tough for us to give you a clear destination point with very little facts. 

For me, when im investing I want to make a decision that will benefit me the most 10 years from now. I want my initial investment to grow, and give me the ability to re-invest. 

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