Just joined but have been a long time lurker. I'm stuck in a bit of a predicament. I'm currently considering moving to a new location based on a new job opportunity and will be buying a house. Let's say I buy $200K house and put a $40K downpayment (20%) but will not be able to buy an investment property since my cash will be all tied up. Or I could put down $10K (5%) and end up paying PMI on the main property but at the same time use that $40K to buy 2 investment properties each worth $100K. Is this a good idea and what are your thought?
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