1st Property in City

[Mitchell Behm]

I will be graduating from college in December and I accepted a job offer making $20 an hour starting. I will be moving from my college apartment in May. I plan on moving to Milwaukee, WI. My girlfriend will be a Registered Nurse and has a lot of opportunity there.

I’m pondering what I should do. Should I buy an apartment or condo in the city where I want to be? Should I rent an apartment for a year and save up for my first multi-family near a more permanent area I want to live in? Should I skip the city life and commute right away and buy a multi family somewhere?

I’m a big sports fan and enjoy the thought of nice views in the city. I would be within walking distance of a new basketball stadium and venue for many concerts. It would also be within a 5 min drive to Summerfest, a large music festival.

Should I pause and be patient in getting into real estate? Or should I try to get the best of both worlds by buying an apartment or condo in the city and turn it into a rental or AirBnB when I move out if that’s even possible with my income. Or should I skip out on the city life and try to find a multi family in a suburb?

I’m trying to figure this out now because I need to come up with a game plan. Does anyone have any suggestions? Has anyone bought an apartment in the city and successfully turned it into a rental/Airbnb after they moved out?

[Marcus Auerbach]

Duplex house hack is hands down the best way to get started! Let someone else pay the majority of your housing cost.