Entering into real estate

[Natasha Hill]

Would it make the most sense to purchase my first home with the intent to rent out after 1-2 years or buy first investment property? I’m thinking I rent currently so why not put those payments towards my own home while building equity, but I may be looking at it wrong. Any suggestions and insight?

[Jonathan Schweinefuss]

You should consider house hacking, pretty much the best of both worlds. You can buy a house with only 3.5% downpayment if you plan on living there for at least a year. While simultaneously renting out spare rooms or basement of that house to help cover the mortgage, essentially living for free.