Living in an apartment while investing

[Will Gaylord]

I am moving to Orlando, Fl from upstate New York in two weeks and would like to get into the market and try to find my first investment property when I get down there. I will be living in an apartment myself and I just wanted to get your opinions on whether it is still a good idea to go buy an investment property while still living in an apartment? Why or why not? Thanks!

[Guy Gimenez]

If you're living below your means in an apartment and it allows you to build seed money for investing, then there's nothing wrong with it.  Of course, if you find a great "sub-to" deal that will allow you to do the same while getting some tax advantages and build equity, that would be even better.