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Updated over 9 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Parag Shah
  • Edison, NJ
1
Votes |
15
Posts

If you're planning to move in the near future - should you not start investing?

Parag Shah
  • Edison, NJ
Posted

I currently reside in NJ and am looking to start REI. I have a rough timeline where my girlfriend and I plan on moving out to San Francisco (for personal reasons) and searching for jobs out there within 6-8 months.

Does it make sense to purchase a property here for buy-and-hold? By the time I found something, closed on it, did repairs, and got renters in there, I would only have a couple months of self-managing before I have to leave in the hands of property managers.  I've heard for beginners it's important to self-manage since you need to keep expenses low and it's a valuable educational opportunity.

Most Popular Reply

User Stats

79
Posts
16
Votes
Minka Sha
  • Investor
  • San Diego, CA
16
Votes |
79
Posts
Minka Sha
  • Investor
  • San Diego, CA
Replied

I say go for it and get a property in NJ area - a place you already know. You don't know what future holds and you will be an investing in area you understand.

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