I recently posted a "how you got your start" thread which has been going very well. Thanks to all that have contributed, as I am learing alot of your responses. It has however opened up a few other questions that I feel don't fit in.
I have recently graduated college and work a "real job" with which I have paid off all of my debts. I have been saving as much as possible to get started on my fastlane plan, and have saved a small amount of cash ($14,000) to do this. I do however, want to start off on the right foot.
Here is my dilemma:
I currently live in an apartment, but want to make the switch to the fastlane as soon as possible.
For those of you that have already done this... Would you suggest I buy my own house first? or jump straight in and buy an investment property? I see benefits in both, but don't truely understand the impact either would have on my entry to the fastlane because of my lack of experience.
Please offer your thoughts and opinions on the situation. I am open to all suggestions if you beleive that you have a different option that I may not be considering.
Thanks in advance!!
I have recently graduated college and work a "real job" with which I have paid off all of my debts. I have been saving as much as possible to get started on my fastlane plan, and have saved a small amount of cash ($14,000) to do this. I do however, want to start off on the right foot.
Here is my dilemma:
I currently live in an apartment, but want to make the switch to the fastlane as soon as possible.
For those of you that have already done this... Would you suggest I buy my own house first? or jump straight in and buy an investment property? I see benefits in both, but don't truely understand the impact either would have on my entry to the fastlane because of my lack of experience.
Please offer your thoughts and opinions on the situation. I am open to all suggestions if you beleive that you have a different option that I may not be considering.
Thanks in advance!!
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