Renting vs Owning and REI

[Prem Schoff]

Hi All -

My wife and I are in process of buying our first home in NJ. Townhouse new construction in Morristown area. I'm a little concerned about tying up down payment in primary residence that could be used for buying rental properties but on the other hand I think it's helpful to start building equity. Does anyone have recommendations on if it's good approach to own your primary residence and buy rental properties vs renting your primary residence and buying rental properties?

Thanks,

Prem