Updated 4 days ago on . Most recent reply
Dream property, or real estate?
I am 27 y/o and have one house hack currently. I am working on saving and potentially buying my next property. I want to scale my portfolio and have been focused on my next deal. Today a dream property with a shop came up for sale, I'm wondering if I buy the property(to eventually build on) for myself or if I should wait and buy another rental property to get ahead. I'm afraid this property for myself would slow me down.
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Keaton Vols just because you buy something doesn't mean you are slowing down. Plans change and so do goals. I will say that building is usually a little (maybe a lot) harder than most people think. But in a forum setting it might be a little hard to know EVERYTHING about your finances, career objectives, relationships, etc. So, it might be hard to provide concrete advise so maybe I'll just say to trust your instincts on it. If it's a great deal, you'd be really exited about it, right? The fact that you already have reservations...again, hard to say but your instincts might be telling you something.
Hope all of that makes sense.