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Updated about 6 years ago on . Most recent reply

User Stats

16
Posts
6
Votes
Damian Gallardo
  • Real Estate Agent
  • Elgin, IL
6
Votes |
16
Posts

House Buying Decisions

Damian Gallardo
  • Real Estate Agent
  • Elgin, IL
Posted

So I plan to buy a house in the future. Surprising right? Anyways I’m looking to decide which option is a better choice financially. Also it could help me determine when I’ll start off my real estate investing career too. I have originally planned to move to a different state, and in that different state I’d live in an apartment for a year or so just to get a feel of the atmosphere and see if I truly want to live there. If I did, then I would purchase a house. But I also was talking to someone else in these forums and they brought up the idea of living in a duplex, investing in it, and then renting the other unit out. Would I still be able to move out a year later and buy an actual house while renting out the old unit I was living in? If I was, would it be a smarter move anyways?

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