New Investor Looking For 1st Home Purchase

[Sumegh Dhawan]

I am a new investor looking for some mentorship in the Indianapolis area. I am currently renting and am in a bind between if I should buy my own home or an investment property first. 

[Mark Jones]

Hi Sumegh, as far as financing is concerned, it's easier to buy a home that you live in vs. an investment property.  It would be a good idea to use your owner occupied financing to get started.  You can live in the home for a while and then move out and let a tenant move in.  Or you can buy a double and live in one side and rent out the other.  The rent from the other side can help you pay your mortgage payment!  You could then move out of the double, and buy another home that you live in and do it all over again, depending on what your goal is as far as how many homes you want to own.  This is how I got started.  I bought a double and lived in one side and rented out the other.  Feel free to PM me if I can answer any other questions for you.  My wife is a loan officer and could answer any questions in regards to financing as well.  Good luck!