Buying home out of college

[Riku Kiyokawa]

Hi all,

I will be graduating from college soon and am thinking about buying a home as a primary residence/investment instead of renting. I plan on renting out the extra rooms. 

What are some of the pros and cons of buying a house out of college?

Some forums recommend waiting to buy a house until settled mid-career, but why not start early?

If a career opportunity pops up in a different location, will having a home make it difficult to relocate? Can't I just hold onto the property and collect rent income?

What are your guy's thoughts? 

[Arpan Patel]

Agreed! Why wait!! You can of course hold on to a property if you relocate but just understand the challenges it presents. Being out of state as an owner inherently has more risk because no one will look over your investments like you would. But as far as buying right when you get out of college, I say why not? You'll probably need to figure out the financing piece but worth it. If you are worried less about specifics and more about generalities then Podcast 180 with Devan McClish is a great place to start. Quite motivational for young investors.