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Updated almost 10 years ago,
First Home Purchase
Hello, I was looking for answers/suggestions on if I should buy a house or rent? I will be getting out of the Navy in about 2 years and I will be moving back to southern California, San Diego (Temecula to be exact, about 50 miles north of San Diego). I will have a job lined up and will be making about the same amount of money I am now (60K or so). I have a child on the way so it will be my wife and I plus the baby when we move. We want to get into rental properties as soon as we can. So would it make sense to buy our home and then save up for rental properties or rent a house and use the money we will have on rental properties (the money we would have used for a down payment on our home). Any advice would be greatly appreciated. Can't wait to soak up all the information on this site and prosper in the world of Real Estate.