Skip to content
Starting Out

User Stats

2
Posts
0
Votes
William Rorer
  • Madisonville, KY
0
Votes |
2
Posts

Buy first home or rental property

William Rorer
  • Madisonville, KY
Posted Jun 20 2020, 05:22

I live in a small town, the rents here average about 700-850 a month. I'm currently renting from my uncle and my rent is 450 but my brother also lives in the house so I really only have to pay 250 for rent. I plan to eventually buy the house but I was wondering. Since my rent is so cheap should I buy an rental property first or buy the house I'm in and build up equity and eventually get a HELOC or cash out refi?

Loading replies...