Is it worth it?

[Eric V Laesch]

In 5 years, I plan to move to St Louis. I've been researching areas in St Louis and think either downtown or the Central West End are areas I might want to live. I want to be in a very walkable location,  close to a grocery store and Metrolink stop.

Originally, I was just going to wait until I was ready to move before buying. However,  I have recently considered whether I should buy now and rent until I move. I know a coworker did that before retiring and moving.

Given the 5 year time frame,  distance (3 hour drive), zero real estate investing experience, just starting to look, it worth it? I've been studying and investing in the stock market for 30+ years and have a comfort level the risks involved, not so much with real estate. 

Thanks for the input. 

[Nicholas Jackson]

Quote from @Eric V Laesch:

Quote from @Nicholas Jackson:

So I have just recently started my investment journey and I am in STL as well. I know its not for everyone and things can be difficult at the start but if its something you want to commit to then I truly believe now is the time ti buy in stl. There are alot of major developments and growth that is occurring and it will only increase the value of the city and the housing market. I cant say 5 years from now you will fund the same opportunities at the same prices. With the level if growth that I am seeing it will for sure become a pretty desirable place especially among younger adults and professionals within the next 5-10 years. I would highly encourage taking the leap and getting started now.

Renting the place out is just for the 5 years until I would move there to live. I'm not planning on buying another rental property once I  move to St Louis. 

If you aren't looking to rent fully and not looking ar it from a business perspective then its probably best to just wait 5 years when you move to buy your actual home. Would even say rent for a but to learn the areas some before buying a home