Relocating for work, planning on living in the area for 2 years then going to school. Should I buy a home? Down payment isn’t an issue. Monthly payment would be much cheaper than rent.

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Probably not no.

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I’d hold

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If it was 4 yesrs sure

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What’s your plan after 2 years? Sell? Or rent?

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Math could make sense to buy then if you’re confident on the rental income

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Yes, that’s a good deal because you’re backed by the Bank of Dad. Also house hack by getting a roommate. Ask your Dad to pay you a property management fee too, up to 10% of the monthly rent. If you have spare time, look around for other rental properties and manage them too, because you’ll be able to build a crew of painters, drywallers, plumbers and electricians that you regularly work with. Now you have a 2nd career/side hustle that you’re being paid to learn AND is highly transferable.

When you’re ready to sell down the road, 1031 the proceeds into another RE investment. Rinse and repeat. Remember Monopoly? Four little green houses buy a big red hotel.

smart

Yep - it’s tricky but can be done with careful planning. There are 1031 consultants who can be very helpful.

How much cheaper? If you can rent it out for a few years, the cash on cash return (due to the debt) can make it a good investment. Otherwise the transaction costs will eat up the differential vs rent

So not that much cheaper. Selling a house costs 5-6% of the home’s value. Honestly appreciate at 2-7% per year (wide range and not consistent every year). Factor that into your math

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More context: Very blessed my dad is offering to help me with the down payment, I just rather wait until I make enough money so I don’t need his help + am set on a city for the long term.

His argument is he will help me manage the property after I move I.e finding tenants or paying mortgage if I lose my job.

Well, again, I’d say this depends on where a bit. While I’d say that I’ve known ppl that had their parent(s) help them purchase their first house that they then turned into a rental property when they were younger and they went on to buy others and do the same throughout their lives, I’ll also say we no longer live in the days of super low mortgage rates and housing prices. I can’t speak to the housing market but I’ve heard some things that don’t sound encouraging.

Then again, if we live our lives out of fear and waiting for better days, where exactly does that get us?

It’s depends on where you’re thinking.

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