This week’s question comes from Brandon through Ashley’s Instagram direct messages (follow her @wealthfromrentals). Brandon is asking: I live in a great neighborhood where my rent is less than a potential mortgage. I’m looking to invest in a different town experiencing great growth, but I would live there myself. Is it a bad idea to purchase a rental property before purchasing my primary residence?
Both Ashley and Tony had to ask themselves this same question as they started their real estate investing careers. While they took different approaches, in the end, they both agree that this decision is far more subjective than many people think, and it will entirely depend on your family plans, cash flow, and net worth calculations.
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
Ashley:
This is Real Estate Rookie, episode…
Remington James:
48.
Ashley:
148. My name is Ashley Kehr and I am joined by two co-hosts today. Tony Robinson and…
Remington James:
Remington James.
Ashley:
And Remington James. Tony, what do we have today on today’s Rookie Reply? What is the Rookie Reply for the new listeners that are tuning in today?
Tony:
Yeah. So for those of you that are joining us for the first time, every week, twice a week, we give you the inspiration information, education, motivation and every other ‘tion’ you might need to get started in your real estate investing career, or keep it going and blow it up if you’ve already started, so… Love that we’ve got a third co-host here today to kind of spice things up, but Ash, what do we got on the docket for today? What are we getting into?
Ashley:
So, today’s question is actually from my DMs on Instagram. So if you guys want to send us a question, you can DM me or Tony. I’m @wealthfromrentals on Instagram and he’s @tonyjrobinson. So this week’s question is from Brandon Goldman and…