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Updated over 5 years ago on . Most recent reply

User Stats

49
Posts
25
Votes
Benjamin Sussman
  • Realtor
  • San Diego
25
Votes |
49
Posts

Strategy Advice on First Property

Benjamin Sussman
  • Realtor
  • San Diego
Posted

Currently sitting on $60k in Cash. My lease doesn't end until July 1st, 2021. Didn't discover bigger pockets/the concept of house hacking until I was in my lease. Should I keep growing my cash reserves and wait until my lease is up to house hack as my first real estate investment? Seems like the most logical step but I don't want to wait 9 months to grow my real estate portfolio.  Or should I get started now, get a rental property, and also keep saving from my job to house hack when my lease is up in 9 months?

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