Considering first rental

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  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    3y

    Ask away

  • Member since 2023 · 2 posts · 1 vote
    3y

    Thank you Nicholas.

    I currently have enough equity in my home that appears to afford a purchase of a multi-family in another state; Oregon is costly. 

    Is it better to buy outright, do househacking and gain cash flow or is there another, more creative path? Would it be smarter to rent out my current home, move to another state, finance and househack?

    I have excellent credit, healthy income, no debt other than my mortgage. 

    I'm realistically 2 years out. Currently learning and asking all the 'dumb' questions i can think of. 

    Thank you

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