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Updated over 5 years ago,
Sticky situation. Need suggestions.
I’m an investor in the college town Lawrence, Kansas and Currently I am living in a three bed two bath condominium with my wife and two babies. My wife and I are trying to move out into our forever home so we can rent this current living space out.
My question is this: should we find our house first and get it under contract with intent to close, and then try to process finding out a renter?
Or would you go ahead and get our current house under contract to be leased out, and then start looking for the dream home?
Or some other third option?
If I do the first option our House could for some months be vacant and we lose that months rent longer than we like, or if we do the second option we would be rushing to find our dream home and that would be chaotic. Just hesitant and unsure as to what to do and it looks like either option is stressful.