Which type of property should we invest in first?

Intuit / Other canary
Jul 8 7 Comments

My spouse and I have saved up enough to purchase a property... either a primary residence, investment property for long term rental, or a property for vacation rental.

Which one would you recommend?
What are the pros and cons?
What have your own experiences been like?

I’m personally leaning on vacation rental property but wanted to speak with others who have had experience. I don’t know anyone in my network so I’m reaching out here to see if anyone would be willing to share their experiences and advice.

85 VOTES SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

comments

Want to comment? LOG IN or SIGN UP
TOP 7 Comments
  • Microsoft / Acctg K1256
    Get a primary residence that is well within your price range, later you can use it as a rental.
    Jul 8 0
  • LinkedIn rudeagency
    Primary residence has the huge advantage that you don’t have to deal with tenants.
    Jul 8 0
  • H&R Block / Eng Olve60
    Duplex that you can rent the other half for above the mortgage. The best investment you can make.
    7d 0
  • Microsoft
    nomethod🥔

    Microsoft

    PRE
    Moosejaw, Google
    BIO
    Beware of elves
    nomethod🥔more
    Duplex
    Jul 8 0
  • Oscar 🐨koala
    Buy a house and rent like a floor out.
    Jul 8 0
  • Google / Eng qFMS26
    None. Buy VTSAX and make money without hassle. Only buy property with the passive income from your investments.
    Jul 8 0
  • H&R Block / Eng Olve60
    I just purchased a primary with intent to rent down the line when I change job or move back home. Dont deal with rental if you dont have to.
    Jul 8 0