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Updated about 8 years ago on . Most recent reply

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Abulele Woldulele
  • Castro Valley, CA
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Should my first investment be my residential or rental unit

Abulele Woldulele
  • Castro Valley, CA
Posted

Yo everybody!!

I've been making some savings to invest in Real Estate. I live in north california, and I currently rent. My rent is about $1600 a month. 

I made up my mind to buy a property and I'm not sure if I would benefit more if my first investment is for me to live in or if it should be a property that I rent others?

Chill out and take care.

One Love,

Abu

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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

@Abulele Woldulele I guess the most obvious answer is to "house hack" something like a duplex or a triplex so you can live in one unit (getting the benefit of being an owner-occupy) while leasing the other unit(s) to help cover the mortgage.  That, of course, assumes that the market where you want to live has multiunit properties in your price range and that you want to be a landlord with your (literal) next door neighbor.  Some people don't.  

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