I’m 21 and moving out of my parents house. Should I rent or buy?

[Kade Honaker]

I’ve been studying real estate through BiggerPockets for the past few months now that I have saved money for the past few months and am ready to move out of my parents house. I was wanting to buy a 2-4 unit and live in one side and rent out the other (house hack), but now that it is here I think that I should maybe rent for 1 year or so just to learn the ropes of living on my own. Also to get to know the area better of where I will be moving to. What do you think I should do?

[Dallin T kenyon]

 I think it really depends on how steady your income will be. Maybe find a short term lease (something like 6 months) to help you get a grasp on the areas where you are thinking of investing as well as help you get some peace of mind on how your employment is working out.