Updated almost 7 years ago on . Most recent reply
New Member to BP - Introduction
Hello. Joined BP today. Currently living in Brooklyn, NY. Looking forward to learning so much about this industry.
Ready to make first real estate purchase. Not sure if I should start with purchasing my primary place of residence or buying a rental property. Thoughts?
Most Popular Reply
If you can swing the down payment for a 4 family, you qualify for a residential mortgage for a great rate and use the rental income to pay off your loan, while enjoying the benefits of depreciation and gaining the experience of being a landlord (cue the rainbows and glitter). Good luck fellow Brooklyner.