Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Mark Harris
1
Votes |
3
Posts

Advice on buying from out of state before moving

Mark Harris
Posted

Hey everyone new guy here. Been reading a lot in the forums and I’ve decided I want to house hack to get started. Ultimately my goal is to own enough properties to quit my regular job or atleast set me up for a comfortable life/retirement. Research has answered most all of my questions, but one answer I can’t find is this. I currently live in New York, but I want to move back south specifically to the surrounding Nashville, TN area. I currently am saving money and I want to purchase a 2-4plex down there and house hack, but I want to do this before I make the move. I know I love the area and it’s where I want to be, but I don’t want to waste my money on renting an apartment. I would much rather just purchase and house hack so my question is, how can I do that? I will be quitting my job and getting a new job down there so how will that affect me getting a loan if they know I will be leaving my current job? I make a decent living here financially, have great credit, and my only debt is my car payment, so I’m sure I can qualify for the loan. Will I basically be forced to live there and rent for a year to show a lender stability and an income or will that not be an issue if I purchase a property while still working and living in NY, but knowing I’ll be leaving?

Loading replies...