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Updated over 1 year ago on . Most recent reply

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2
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Samuel Hirsch
3
Votes |
2
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Philadelphia buy, live, rent?

Samuel Hirsch
Posted

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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618
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430
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Eric Greenberg
  • Investor
  • Philadelphia, PA
430
Votes |
618
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Eric Greenberg
  • Investor
  • Philadelphia, PA
Replied

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

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