Can I invest in rental if I'm a renter myself?
I'd like to buy a small townhome to start my investing, but I do not own a house myself, I feel like if I do not do it before buying my own home, I wont do it because I'll invest everything we have in our house leaving nothing left for investing.
We actually pay 1200, and we can possibly buy a 70-90K property that can yield 1000/mo.
Some friends have advised us to buy a property, live it and then rent it, but we are not sure.
What are your opinions?