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Updated about 9 years ago on . Most recent reply
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One Year Left in Town- Rent or buy a Condo
Hello BP Community,
I need to change my living situation, but I will likely only be in my current city for another year.
I am interested in rei, but have been holding off until I know which city I am going to settle in.
However, I am now considering purchasing a two bedroom condo for which I could pay all fees if I dont have a tenant for the second room . I would live there for a year, and then if I need to change cities I could remotely manage the property.
My reason for going with a condo is that the maintenance work goes through the complex, making it easier to manage from another city.
So my questions are:
1)Is this sound logic, and a reasonable plan for success?
2)Is there anything that immediately comes to your mind that I might not be considering?