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Updated over 6 years ago,

User Stats

4
Posts
1
Votes
Dusty Register
1
Votes |
4
Posts

When Does it Not Make Sense to Buy?

Dusty Register
Posted

Good Evening Everyone,

I'm still relatively new to the forums and the concept of REI in general, but couldn't imagine a better forum to pose questions/solicit some feedback! My fiancee and I are getting married in October, and are weighing the pros/cons of buying vs. renting. Here are the facts:

1. We are looking in a relatively expensive area (suburban Atlanta).

2. We plan on moving to a new city within the next two years.

3. We have been pre-qualified and have enough cash to match a 20% down payment.

4. We know little to nothing about fixing up/adding value to a home, but are more than willing to learn!

5. Rentals are in high demand in the areas we are interested in.

Given the above, does it even make sense to purchase a single-family home now, then rent it out via a Property Management Company when we move?  Or should we solely be focusing on finding a property to rent for ourselves, so that we don't end up without a home come October?  

Thanks!

Dusty

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