Real Estate Investor · Glendale, AZ · Member since 2014 · 17 posts · 3 votes
Hello so I am in a dilemma and need help. I am expecting my first child next year and have been renting my own little condo, but I have been wanting to purchase a property before I found out I was expecting a baby. My fiance wants a a single family home for the family, but I wanted to do a duplex or invest in a property. I am just a bit confused and a little worried I am not making the right "investor" decision. Any insight or experience will help.
Investor · Madera, CA · Member since 2014 · 82 posts · 21 votes
12y
If you want to buy a home to live in, find one that fits your needs. If you want a duplex, look into that. You need to figure out which path you want to go down. Also, you should marry the woman in my opinion. :)
Real Estate Investor · Glendale, AZ · Member since 2014 · 17 posts · 3 votes
12y
Hey @Brandon Hopkins I know I guess the issue I am having is that I want to start investing before I get older even though I am only 25 I feel time slipping from me. We are planning for next November for the wedding! :)
We started out with a personal property that was bought to be a future rental. It was a foreclosure that was a cosmetic mess. We fixed it up and when we were transferred we rented it out. It let us get started at 23. Once we got our foot in the door we bought two pure investment and have gone from there.
Either way you go it is getting started. The biggest thing is just getting your foot in the door.
Without knowing your financial situation. Another method might be buying the duplex and living in it for the next couple of years. Getting married, having your kid and than moving up to the house your now, wife wants. Than you can rent out both sides as an income property.
There is a reason why the saying "starting house" exists.