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If it can cash flow as a rental and you have enough for a down payment in the new area, sure.
no, too much work and not enough profit
so you would only own rental properties near the area you live? can you explain pls?
Coach
Depends. How far away am I going to move? Can I manage it from a distance? How profitable will it be? Will I have enough funds to buy a place to where I move next?
3 and 4 are significant TBDs
I’ve done this twice. Once was the best decision I’ve ever made, the second was among the worst. Like others have said, ✨ it depends ✨
Shoot me a dm, we can chat
If an owner-occupied duplex: yes.
Single-family home: no.
Cost-benefit analysis may still put this in your favor. Higher down payment, but the tenant’s rent contributes to your income.
Leverage!
It’s the smartest thing I never did as my first real estate purchase in 1986. I would be in a completely different financial stability place now as I near 60.
I have helped 2/4 of my kids to start here and it has made the difference for them being able to qualify despite heavy student loans.
Mentor
You know you’ll move huh?
that’s my plan