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Updated over 1 year ago on . Most recent reply
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Philadelphia buy, live, rent?
Hi Bigger Pockets,
I am considering buying my first house with the intent to live in it for 3 to 5 years and then rent it out when I move outside the city. My goal would be to buy a place now that is livable and in a safe area and in a few years I could rent it out for more than mortgage costs, maintenance, etc.
Is this a feasible idea? Open to hearing from realtors.
Thanks,
Sam
Most Popular Reply
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Definitely doable. Id first start with figuring out what areas you would want to live in first, then figure the numbers out after. Id steer you away from choosing a property based on investing metrics alone when buying your first house hack in Philly as that could lead you to some C/D areas. Then utilize local folks who know the area well like @Alan Asriants