Should You Live in Your First Investment Property? Connecticut Buyers, Here’s Why the Answer Is Yes

June 10, 2025 | Investment Tips, First-Time Buyers | Presented by ReadySetLoan

If you’re searching for affordable entry points into Connecticut real estate, consider this: What if your first home was also your first investment?

At ReadySetLoan, we help Connecticut homebuyers unlock smart financing and strategy, and one of the best-kept secrets is this—living in your investment property could be the smartest, most flexible way to build wealth from day one.

From access to CHFA mortgage programs to gaining landlord experience right in your own backyard, here are 10 reasons why this strategy makes perfect sense in today’s market.

🐷 RSL Piggy Points: Why It Pays to Live Where You Invest

1. Lower Your Risk While You LearnWhen you live on-site, you can actively manage your property, spot maintenance issues early, and get a crash course in landlording—all with less financial pressure.

2. Qualify for Better FinancingOwner-occupied properties often come with better mortgage rates and lower down payment requirements. In Connecticut, programs like CHFA and FHA make it even more affordable for first-timers.

3. Tap Into First-Time Buyer PerksFrom down payment assistance to property tax credits, living in the property may help you qualify for incentives that non-owner-investors don’t receive.

4. Boost Your Cash Flow FasterLive in one unit, rent out the other. With a duplex or multi-family property, your tenant’s rent could cover most (or all) of your mortgage.

5. Build Equity While Saving RentWhy pay someone else’s mortgage? Living in your investment means every payment goes toward your equity—growing your net worth every month.

6. Learn to Be a Landlord With Training WheelsIt’s much easier to handle tenant issues, repairs, and leasing when you’re already there. Think of it as hands-on real estate school.

7. Test the Neighborhood Before Going All-InWant to know if an area is good for long-term investment? Try living there yourself first.

8. Increase Property Value With DIY UpgradesLiving in the home gives you the flexibility to make improvements over time—on your schedule and budget.

9. Create Flexibility for the FutureLive there now, rent it later. You’ll always have the option to move out and keep the property as a full-time income generator.

10. Lay the Foundation for a Real Estate PortfolioThis strategy isn’t just about saving money—it’s about starting smart. House hacking builds equity, experience, and confidence for future investments.

🎤 Neil’s Take

“Living in your investment property is one of the smartest ways to get started. You save money, gain valuable experience, and create the flexibility to grow your portfolio over time. Connecticut buyers have a real opportunity to do this affordably with local programs.”—Neil Caron, Area Sales Manager at CMG Mortgage

RSL Perspective

At ReadySetLoan, we believe your first home can be more than just a place to live—it can be your launchpad to financial independence. Whether you're considering a multi-family, duplex, or just want to explore Connecticut’s best areas for house hacking, we’ve got the tools, education, and guidance to help you cross the finish line.

Ready to turn your first home into your first investment?

🏁 Let ReadySetLoan be your coach. Learn more at www.readysetloan.com and take the first step toward smart homeownership today.

www.ReadySetLoan.com