Buying a home out of state

[Patrick Houlihan]

Hey everyone on BP, I would like to see if anyone has some experience or insight on a real estate move that I’m looking into.

I’m currently residing and working in Connecticut. We want to relocate to Florida. I work in healthcare so finding a job in Florida will be a smooth transition. We want to buy a single family home as an investment as well as live in for a few years before our kids start school. In the future we would sell or have it become a rental property.

Would I have to buy the property and close before changing jobs?

I know doing extensive planning and research on the areas and neighborhoods is advised. I would lay eyes on the property before making any offers. I’m a bit puzzled on acquiring a property from a distance and any tips on this topic would be much appreciated.

[Kesete Thompkins]

@Patrick Houlihan you are in a position of power because you have options and you don't have restrictions in CT or FL. Once you narrow down your search, you'll be fine. Honestly, you may want to rent when you first move to FL because you may not truly love the area you are in. I'd say to rent for about a year before purchasing so that you get exactly what you want. There are few things worst than living in a home that you don't really want or see yourself in for an extended time.