1st home - Live in for 9 mo. ?

[Gary Smith]

I want to buy my 1st home – wholesale (fixer, foreclosure, etc). I’d live in it for 9 months to a year, and do light renovation.

But considering this time of inflated prices, I'm wondering if it’s not a good time to do this. Is it still better than renting?

I'm in Washington state. The R/E market is still good here, but who knows. I know I can’t rely on appreciation, but would buying wholesale and renovating almost ensure coming out ahead?

I have great credit but only 1 year history. I’d be going stated. I can put $35k down.