House Hack or Rent an Apartment??

[Joshua Paul]

Hello All,

I am about to start my first big kid job after college and my wife and I finally have an income that is high enough that we feel comfortable investing in Real Estate. Our concern is that we have to stay in our current city for at least the next year as I am starting a new job, but after that, we plan on moving somewhere a little further south for the sake of some warm weather. Do you think it would be worth it to do a house hack even though we most likely will be moving to a different state in the next year or two? Or would we be better off renting an apartment until we settle down to start investing in real estate?

Thanks in advance for all of your responses!!!

[Nate Bell]

@Joshua Paul

I think yours is a prime opportunity for a house hack. You already know you only want to be there for a year, which also happens to be the required holding period for a primary residence. Rates are low, you’ll get experience with landlording- all sorts of benefits to getting started.