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Updated almost 5 years ago,

User Stats

8
Posts
3
Votes
Sebastien Carriere
  • San Diego, CA
3
Votes |
8
Posts

Military In San Diego. Should I buy or rent??

Sebastien Carriere
  • San Diego, CA
Posted

My current apartment offered me a new lease for 2,032 and I'm having trouble coming to terms with paying this amount for rent. My income after deductions is 70k and my wife's annual income is a little over 50k. We both are mid 20's and have no debt or kids. My idea in this market would be to buy and sell once we leave or possibly buy and rent (using a agent we personally know to manage the property once we leave). I would probably use the VA loan although we could front about 60k for a down payment if it makes more sense. My other idea would be to continue renting and look to start getting into either turnkeys or general investing out of state. This obviously is a personal decision, but please let me know if there's something I'm missing or forgetting. Thanks a lot.

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