September 26, 2023

How to buy a first home that's also an investment property

Many aspiring homeowners want to buy a home primarily to have a place to live, with long-term financial security a secondary benefit. But what if a first-time homebuyer is more interested in the investment aspect?

First-time homebuyers looking for an investment property can purchase a home to live in for a year and then rent it out, buy and live in one unit in a multifamily home, or buy a home to flip for a profit. By owning and investing in real estate, there’s potential for you to grow long-term wealth, and benefit from increased home equity and tax breaks. But an investment also may lose value — and you could forfeit your property if you can’t pay your mortgage.

Learn more by reading my first article for new client, available here.