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Updated over 7 years ago on . Most recent reply

Living in an apartment while investing? Good or bad?
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@Travis Stafford everyone's different, but I agree with your strategy and wish I had done it myself. I "flipped" the condo my fiancé and I we're living in and we cleared about 70K on it doing less that $2500 worth to work over the 15 months we lived there, (just painting and crazy appreciation in Somerville, MA). Instead of buying that condo or the single family I now live in, I could of bought 2-3 investment properties that paid my rent plus put a couple of grand/ month in our pockets.
Had I known what I know now, back then I would have done what you're doing now. If REI investing is going to be a major source of income for you long term, in my opinion, there's not a whole lot of value in owning the place you live, until you're buying for school systems and children. That money can work a lot harder for you then paying down equity on the place you live.