Should I Buy a Primary Residence or Investment Property First?

I am a brand new investor who has about $300k in savings. My wife wants to buy a one-family home for ourselves but I want to have at least 1 investment property before I buy one family home. What advice may you share?

Thanks!
Kumar

Timestamps
[00:50] Keep renting and buy an investment property
[01:04] Put 20-25% down on an investment property
[01:11] Consider #househacking and getting FHA financing
[01:40] If you have been pre-approved, it means you have enough buying power to a house
[02:25] What might hit you on your DTI?
[02:40] Feel free to book a call at https://investorfinancingpodcast.com/rumble
[03:05] Focus on getting passive income and buy your dream home
[03:38] Conventional underwriting is only going to use 75% of the gross rents from an investment property

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#fhamortgage #investmentproperty

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

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