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Updated about 9 years ago on . Most recent reply

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26
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1
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Jordan Ross
  • Columbus, OH
1
Votes |
26
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Entry post- Should I buy or rent first apartment post grad?

Jordan Ross
  • Columbus, OH
Posted

Hey everyone,

I am in my last semester at Ohio State University looking to learn before I dive into investing. It is my hope to get into wholesaling and investing once I graduate (too many legal barriers to wholesale in Ohio). My first inclination is to buy my first apartment once I move instead of rent. I will not know where I will be placed for work until 30-60 days before I start. Does purchasing an apartment make financial sense? Will I have enough time to find a good deal and buy right? Is there anything I should consider that I am missing?

Thanks in advance for the feedback!

Jordan

Most Popular Reply

User Stats

100
Posts
58
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Kory Thaut
  • Investor
  • West Linn, OR
58
Votes |
100
Posts
Kory Thaut
  • Investor
  • West Linn, OR
Replied

@Jordan Ross Congratulations on your approaching graduation.  Graduating from college is one of the most exciting times in life... take it all in.  

The one thing I wish I'd done when I graduated was house hack a duplex. Buy one side, live in the other. It gives you a sweet entry point in REI and from there, you can do whatever you want. Owner occupy forces you to buy something of some quality (if you're willing to live there) which in my opinion is an important foundation.

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