Determining if I should buy or not

[Augustus Jensen]

To start off, I will give you the basics of my situation.

I will move to Enid, Oklahoma in April of 2017 and will be there for roughly a year. During my time in Enid, I will be in pilot training which is a pretty rigorous training program.

My question is whether or not it is logical for me to buy a property that I can flip and work on during my time in Enid and then put it up for rent when I leave, or do I wait? I will be going in on it with a friend who will not be in pilot training, and I will work on the house during the weekends while they can technically work on it throughout the week. So when I do find a potential property to buy, and I do have the financial capability of buying, should I buy or wait until I settle down in a place for 3-4 years?

Any advice or comments are appreciated,

v/r,

Gus

[James Mc Ree]

Flipping seems like something you could do in a year.  You need to think about if you want to own a rental in another state and how you will manage it after you move out of Enid.  I would vote flipping if you are comfortable with it - you are only tethered to the location for the duration of the flip and your friend could help with the sale if the process ran long without feeling overly burdened (hopefully).

Jim.