Has anyone invested in a rental property before a primary residence? Any experience with roofstock or REIT? I’m single, 30, and live in LA so a down payment on a decent home would take years

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Yep, invested in a multi-unit prop. Live in one unit and rent the others.

Don’t need a primary residence since I don’t have wife / kids. Also doesn’t make much sense to pay rent on an apt or mortgage on personal home if you’re traveling.

Tenants pay for most of mortgage (I pay small fraction since I’m living in one unit, but otherwise would be cash flow positive). By the time you’re ready to buy your primary residence, you can sell and use the built-up equity to purchase.

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Bcg1, would you mind sharing some numbers? Specifically: CoC, rent ratio, cap rate, purchase price, built up equity, years owned? Thank you!!!

You’re throwing away first home buyer breaks buying a rental property first btw

D1, can you share more about your friends and their experiences with that?

I would like to do the same.

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