5 Reasons Why Your First Home Should be an Investment Property

Here's another post based on an article that Jennifer Seidelman linked to in her blog:

If you’re young and you’re looking to purchase a new home to live in, maybe you should consider turning your first home into an investment property. While most people wait until after they’ve bought their first or second home to begin investing in real estate, you could start much sooner than you think. We’ll explain why jumping into the real estate investing game might be a good idea.

I actually think that might be a good idea. You tend to be able to be more flexible when you're young and it'll enable you to start building your net worth that much sooner. I've written about net worth a few times, most recently here, and real estate is one of the best ways of building your net worth.

So, what are the 5 reasons?

1. You’re Young
2. Real Estate Is Cheap
3. You’ll Have Another Source of Income
4. FHA Loans
5. Changing Demographics

Under #4 FHA Loans they talk about buying a 2, 3 or 4 plex to live in, while renting out the other unit(s). This is actually what I'm thinking about doing now, although I'm considering a larger unit...maybe an 8 plex. There's a 16 plex for sale in Modesto by the college that I'm going to look a little further into. And since I'm a veteran, I may be able to get into it with no money down and a lower interest rate.

If you're looking to buy a home in the Portland or San Francisco Bay areas, whether for investment or as your home, reach out to Jennifer!

Interesting days

May will be Deck Safety Month, Military Appreciation Month, Lupus Awareness Month, Golf Month, Hamburger Month, Bike Month, Photo Month, Lyme Disease Awareness Month, Barbecue Month and Get Caught Reading Month!

Today - World Asthma Day, Lei Day, School Principals' Day, Purebred Dog Day, Poem on Your Pillow Day, Mother Goose Day, New Home Owners Day, International Workers' Day and Executive Coaching Day

Tomorrow - World Play Your Ukulele Day, Baby Day and School Bus Drivers Day

Next Tuesday - No Socks Day, Iris Day and Free Trade Day 

June will be Camping Month, Dairy Month, Iced Tea Month, Soul Food Month, Country Cooking Month, Great Outdoors Month, Candy Month, Post Traumatic Stress Disorder Awareness Month and Audiobook Month 

June 1 - Doughnut Day, Say Something Nice Day, Go Barefoot Day, Fish and Chip Day, Leave The Office Earlier Day and World Milk Day What better way to kick off Dairy Month?