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Updated over 1 year ago on . Most recent reply

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

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