Living in Rental Property versus Renting Out
I was looking to buy a townhouse in the Orlando Florida area. However, I'm not sure if it is better from me to get a regular mortgage loan, live in one of the bedrooms, and rent out the other bedrooms. Or if I should get a rental property loan and rent out the entire townhouse? I graduated college recently as an engineer and have 20% for the down payment on a few of the townhouses I was looking at.
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@Kristin Synnott
Seems like you are referring to house hacking. From my experience, in Orlando it can be very challenging to find a duplex. If you have the money for a down payment, it may not be a bad idea to just buy a property as your primary residence. Once you get to know the area and the process of buying a house. You’ll learn a ton from buying your first house, and may even rethink your real estate strategy.
Feel free to reach out with any questions and best luck!
Serena