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Updated over 6 years ago,
Rushing into Purchasing
Hello all,
This is kind of a "two-fer" as I am not only new to BP (this being my first post) but also have a big issue I am struggling with.
My wife and I are soon approaching the end of our apartment lease, and are looking to purchase our first home. I have been dead-set on finding a duplex to house-hack in the Ft Worth area, but have not found something that meets our criteria. We both work in the area, and her parents live near as well. We have gotten their clearance to move in for a few months as we continue our search, but it is something neither of us want to do for long. To get to the point, I am feeling alot of external pressure to give up on the house hacking "dream" and just buy a single family home to live in.
Should we wear out our stay with the family, and even potentially rent a house for a few months until we find a good deal on a duplex? Or fold and buy a single family and attempt to increase the property value and rent it out after a year or two? (My fear with this is that its easier to convince a spouse to move from a duplex to a single family than the other way around.
Thanks in advance,
Chase