Why You Should Buy Investment Property Before Your Primary

The conventional wisdom is that your primary home is one of your greatest assets and a worthy investment. However, many seasoned real estate investors disagree with this and see a primary home as a massive liability. In this episode, we go over the most common reasons many people tell you to buy your primary first and provide some alternate ways of thinking about this question. --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Emil: In today's episode we're going to be talking about a debate that's been raging another debate that's been raging on should you buy your primary home? before you buy an investment property, we're actually going to be talking about why we all bought an investment property before we bought our primaries, all three of us we had the same situation. So we're going to be talking specifically as to why we did that. But first, before we get into what we think those those things are, we're gonna we're gonna talk about why you hear people say you should buy your primary first.   So I'll kick it off a lot of the time. I'm actually I experienced this when I bought my primary residence. When you live in a home, it's it's a much different feel that you learn so much more about your property, right? You learn about the house, like how house works, the systems when things break, how to potentially fix them yourself, how to find contractors, how many, how much those things cost, how much does it cost to snake a toilet or get a tree trimming all these things, which when I bought my investment property before, I didn't really know those things right? I was kind of just relying on my property manager to call around get a get a quote, I had no idea if it was a fair quote or not. But after living in my primary, I've learned a lot of these things that you don't learn when you're renting, right just how a home works and how to fix all these things.   Tom: I got a quick follow up on that point. Emil, what is harder and what is easier on just kind of the physicality of home ownership?   Emil: What is harder?   Tom: Yeah, just in like upkeep or maintenance or whatnot, what is harder and what is easier?   Emil: Oh, man, I I don't know if it's just where I live. But I have had such a hard time keeping our grass alive. Like I've tried watering it more and more. We have a ton of grass in the backyard. And every summer is really hot in the summer. But like I cannot for the life of me keep this grass alive and like now our entire backyard is dirt and I had no idea like you think you just turn the sprinklers on couple times a week and it stays alive. All these like random things outside to keep your backyard and stuff looking nice. I thought was much easier than it really is.   Tom: I have a mole superhighway in my yard a mole zebra. I think it's a it's a thoroughfare maybe a highway maybe it's a thoroughfare sorry. Good. That's a great answer. That's   Emil: Backyards are tough, man.   Michael: Yeah, you've got to give it electrolytes you got to give it right.   Emil: I've gone into rabbit holes on YouTube and the internet and there's like so many crazy things you can do to keep your your grass alive and healthy. And the truth is I honestly don't care enough to like get that crazy about I'm like whatever it dies. We'll just reseed it and start fresh like every year like i don't i don't care enough to do all that crazy stuff to maintain it.   Tom: Zero scape, just zero scape, right? It's like rocks and you know you're in southern rocks.   Emil: I work for it. I just got a quote to get it all t