Invest now or wait until I move? (House Hack Strategy)

[Tiffany Onwudinanti]

Hi BP Fam,

After much reading and saving, I'm ready to take action in REI. I already know the strategy I want to utilize, which is House Hacking.

Thing is I’m planning to move to TN in 1-2 years to pursue school. I currently live with my parents for free in Colorado so I don’t have any housing expenses.

If you were in my position, would you house hack now, or wait till you moved to another state an invest then? Why?

Thanks for your wisdom and feedback.

[Joshua McMillion]

@Tiffany Onwudinanti

You first need to determine your market you want to invest in. Do you want to invest in CO or TN or both? After you decide, I would build a team and start looking for a  property that fits your crystal clear criteria. Both markets have their own strengths and weaknesses, and that's something you need to determine for yourself. 

If it were me, I would stay with my parents and start building a team in TN. I would focus on one market and potentially purchase the property before I move. If you have funds now, what's stopping you from investing? 

Sincerely, 

Josh