Primary residence or multi-family property first?
Hey everyone, I'm an aspiring RE investor and currently trying to decide whether to buy a primary residence or a multifamily unit (duplex) as my first property. I've been doing some research and it seems that house hacking would be the best way to enter the market right now. Any words of advice from anyone thats been in the same position? The pros seem amazing; using an FHA loan for the lowest downpayment, having the other unit(s) cover most if not all of the mortgage, the tax incentives, and having the ability to leave after a year then rent both out both units. I'm thinking of just sucking it up for the one year then hopefully using the equity I've gained in the multi-family unit to facilitate the purchase of a primary residence. Does this seem like sound reasoning? Any advice would be greatly appreciated!