Investing and then moving out of state.

[Kohl Taylor]

I need some help with my first rental property. I have good understanding of the real estate market in Columbus, Ohio and I want to invest. I will be graduating from Ohio State this May. I want to purchase a house and rent it out to my friends after our lease is up. I have great connections in Columbus and the purchasing process should be a breeze.

The only issue is that I want to move to South Carolina with my sister after my lease is up.

Would it be a bad idea for beginner to invest in a city and then move states away? Would you have any advice or suggestions? Any comments would be greatly appreciated.

[Marc Rice]

@Kohl Taylor

You can do an owner occupied loan here in Columbus with your intent to live in it for 1 year. But if your intent changes and you need to move to South Carolina that should be ok.

Just get the property rented and have a maintenace guy/gal ready with an emergency plumber OR hire a property manager OR turn it into an Airbnb.

Unless you want to use your owner occupied loan in South Carolina, id recommend buying in Columbus.