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Updated over 6 years ago on . Most recent reply
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When Does it Not Make Sense to Buy?
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