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Updated about 5 years ago on . Most recent reply

User Stats

8
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3
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Thomas Alessandrello
  • Philadelphia, PA
3
Votes |
8
Posts

Newbie in Philly - thoughts on investing then moving to NYC

Thomas Alessandrello
  • Philadelphia, PA
Posted

Hey BP! I'm really interested in investing in real estate now in Philadelphia. I've rented for two years and I'm ready to make the jump and househack a property.

My only problem - I'm not stuck on staying in Philly. My family is by NYC and I've always wanted to live/work in NYC.

Do you think it's a good idea to invest in a property in Philly and househack it for 1 year? After 1 year is when I'll likely be looking to move elsewhere, most likely NYC. Ideally I would like to keep the property as an investment to rent out. Or I suppose I could sell it and use the money to purchase my next property.

Thanks! Looking forward to hearing your thoughts!

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