First Time Homebuyer vs. Investor

First Time Homebuyer vs Investor

Deciding to purchase your first primary residence is a big step, but so is becoming a real estate investor. If you’ve got the cash and are ready to purchase a home, should it be your own living space, or a rental? On today’s show, Natali and I are sitting down to hash out this question!

This episode was inspired by a listener question. And although we aren’t financial advisors, we thought this was an interesting topic to discuss! In this video, you’ll hear us make arguments for both camps, and share the pros and cons of purchasing your primary residence.

In this video, we’ll make an argument for both sides, and explain our personal approach. If you’re evaluating your finances and wondering whether you should purchase a primary residence or a rental property, this video is for you!

Show notes for this episode: http://morrisinvest.com/episode223

Why Owning the Home You Live in Is a Terrible Investment: https://goo.gl/q2qj6x

How to Pay off Your Mortgage in 5 Years: https://goo.gl/YBVkQn

Rich Dad Poor Dad by Robert Kiyosaki: https://goo.gl/vFZks4

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First Time Homebuyer vs. Investor
First Time Homebuyer vs. Investor

17 thoughts on “First Time Homebuyer vs. Investor”

  1. Hi Clayton,
    I was wondering if you had a video on using the “snowball strategy”. If you don’t, this may be indeed a great topic to cover. If you do have one please forward me the link. Great video as always! Luis C

  2. I really see both sides. California is different. other states are probably better debatable. I bought a mobile home in the 80's in ca for $9000 in ca we flipped it for $26000 after $2000 of up grades which was great for us but today, no lie it's worth $280000. crazy right? my dad bought a custom home in Carlsbad Ca in the late 70's for $65000 and now it is worth $1,000,000 now who new that would happen? If my family would have realized that would have happened we could have bought into that many times over and really cashed in but who was to be the wiser? Go for the real deal! passive income always whens out.

  3. Hi Guys, I am ready to invest, but was wondering if I need to put all cash to purchase these homes or I can take a mortgage with you? Thx!

  4. My wife and I are currently in school, and once we finish we are looking at doing real estate investing. However my question is,  is it a good idea to buy a rental property and just rent it to yourself? I feel like it would allow you to save money which you could use to invest in more properties.

  5. great show… my wife and i love you guys…. we are also looking to House hack we are now looking into a two family…. to help with the mortgage…

  6. Yes it works out well if you have this 125 000$ to invest without leverage. If dont have money then you must leverage to invest (riski) and same time must you live somewhere anyway. I pay for my house 350€ for bank, sometime others pay rent 700€ for same kind of house. Your home is capital anyway. My interest is only 1,45%

  7. I've noticed a lot of newer duplexes are priced for a house hacker. It is rather annoying for any other investor.

  8. I would like to purchase my first rental property. I am in the So Cal area, how much money down do i need to save to buy a duplex that was listed at a decent price?

  9. We close on our first refi out of hard money this friday. This is our first "intentional" rental investment for us. Already scoping out #2.

  10. I'm planning on buying my first home to live in only because I'm having a baby this spring. I won't put much down. I'm planning on buying my first rental in full though since getting a loan for an llc property is such a hassle.

  11. Can you do a video on how a person with only $5000 in the bank or a very low income person can buy a investment home and start with very minimal. Also show us the process steps we need to know to achieve it.

  12. Hey! I am in the military and will be moving to Oahu, Hawaii at the beginning of next year. I was thinking about buying a home using the VA loan, living in it while I live there, and then eventually renting it out after I move to a new location. Thoughts? Would love to have your input. Thanks!

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