QUOTE (jlprato @ Nov 21 2007, 01:32 PM) Hello, I`ve been reading a lot about the REIN System and I think I`m ready to start with my first purchase. I`m rented right now and I don`t know exactly what to do, to buy my fist real estate asset (for rent it) or to buy my own home. Please... Help!
There are definatly a few factors when deciding weather to purchase a home or a first investment property - more specifically, the future implications of your decision. For example, if you purchase a revenue property prior to a residence, depening on your financial situation, you may run into challenges when you decide to purchase a home and are planning on putting down less than 20%.
Ensure that you have discussed your investment goals with your banker or broker and that they are aware of what your plans are. A good broker will always be thinking 3 moves in advance, and if what you are looking to do now, will compromise your plans in the future, you need to be aware of it.
Thanks