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Updated about 6 years ago on . Most recent reply

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9
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1
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Thomas M.
  • Niagara Falls, NY
1
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9
Posts

Pros & Cons to My first property being Personal vs Commercial

Thomas M.
  • Niagara Falls, NY
Posted

Hello! I have a question that may be a little out there for someone just starting out but nevertheless I am trying to compile information and opinions on.

I do not own property...yet.  I am in discussions with other like minded individuals about starting in real estate investing.  While on the other end I am still looking for a personal place of residences that i can ultimately house hack, live in and charge rent to other tenants in  separate units. 

My question is, if I purchase a investment home with other investors, does this ruin any potential first time home buyers perks and anything down the line I would be stripped off because of buying this investment home first  before purchasing my personal residence?

any clarification please don't hesitate to comment and ask I am very curious to hear what the community says, thank you!

-Tom

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