Buy a house in smalltown if I’m moving in 4 years to big city?

[Jean Pierre Jabo]

Hi guys,

New to the RE world and aspiring to start investing. I currently live in a small town in rural Colorado, renting an apartment for $575 a month and I’m working in the town for 4 years. After that, Hopefully I plan on moving to the bigger cities in CO which are very expensive!

My question is, should I buy a house here if I know I’ll move in the coming years or should I save and continue renting and then buy later. I’m looking at a great way to start into the RE world. Any ideas would be greatly appreciated. :)

[Bonnie Low]

Generally speaking, real estate is skyrocketing in CO, but you don't say which town you're in so it's hard to say for certain. Personally, if you have the money and/or credit, I would buy now. Interest rates are incredibly low, home prices are going up and so is inflation. I'd reach out to a few Realtors to find out about your specific market, including YOY growth for the past several years as well as population growth or decline to see if it's going to be a market for appreciation or have good rental potential.