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General Landlording & Rental Properties

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Tyler Sample
  • Investor
  • San Antonio, TX
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80
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First Time Buyer needing advice! My plan to own a home

Tyler Sample
  • Investor
  • San Antonio, TX
Posted Nov 7 2019, 19:27

Hey guys, I am a 25 year old business consultant that makes 75K a year right now. I can confidently say I am expecting to be making six figures in the next two years. I want to buy a home and stop renting but am looking for a "safe" way to do it. What would you say if I told you I have been brainstorming a plan to buy a piece of land, live in a camper, and while living in the camper start building a home at the front of the property? I could then rent out the camper for passive income, and I plan to rent out at least one of my house bedrooms to a trusted friend. In my head, I could live mortgage free while making my normal house payment, therefore paying down my mortgage twice as fast. Any thoughts? Has anyone tried or done this successfully? What are the pros and cons of my utopia plan here?

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