Advice/ Feedback Wanted
Hey BP Family,
This is one of my first posts, but first for a long time. I've been interested in investing for a long time, and have read a couple books but haven't yet taken the plunge of actually purchasing a property. I currently have a full time job (50-58 hrs/ wk). I make a good salary for my age and plan on staying there fulltime, at least in the short term. So I'm wondering if anyone has experience/ advice about working a full time job while also investing in RE..? I'm paying rent in an apartment now, so I plan on owner occupying whichever property I purchase. Right now, I'm torn between a 3/2.5 2300sqft townhouse without any HOAs, or a 1600sqft 3/2.5 SFH that needs a little cosmetic work. Both properties are in B-B+ neighborhoods. I'd live in the property for around a year, allowing me to put only 3.5% down. I would make a goal to have saved at lease a 20% down payment on my next property to rent out completely. Does anyone have any advice for me? Is this a good strategy for someone that's still learning, but would like to get started with a home to live in? Any guidance would be greatly appreciated!