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Newbie in Philly - thoughts on investing then moving to NYC
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!