Relocating in 2 Years

[Ryan Drea]

I’m really interested and eager to purchase my first property, but I know I will be relocating in 2 years. How difficult/realistic is it to manage real estate from long distance? Or would this be a good opportunity for a potential “trade up” at my new location? Does it make more sense to continue studying up and wait until I’ve relocated to buy my first property?

Thanks for any advice.

[Scott E.]

If you are considering buying a house now to live in, then renting that house out in 2 years when you relocate, that is not an overly difficult thing to do.

You'll want to bring on a property manager to help with placing tenants, collecting rent, repairing leaky faucets, etc. They'll take a 5-8% cut of your gross monthly rents. But they will also take all of the day-to-day headache out of the equation for you.