1st Property As An Investment Property

1st Property As An Investment Property

Phoenix, AZ · Member since 2018 · 35 posts · 15 votes

Is one able to purchase their first residential property but not live there themselves? Is this possible? 

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  • Rockledge, FL · Member since 2016 · 493 posts · 427 votes
    8y

    Marvin, 

    Yes. But why?

    If you have some really great reason,  like, say you work overseas,  get free housing, and want to invest in a house that you rent out until you finish up overseas or work in an unstable location and need a place to go if the SHTF, then this makes sense. 

    I also suppose that if you have a really cheap cost of housing, or some other arrangements (like taking care of a parent in their house for free living),  then it could make sense.

    I'd be interested in knowing more of your thinking on this. 

    Hope that helps. 

    Good luck, 

    Jim 

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