30 yr fixed vs 10/1 ARM

[Kundan Chand]

Hi experts - I am planning to buy my principal residence on loan and need to decide between 30 yr fixed.vs 10/1 ARM.i am first time home buyer with no previous ownership. Below are details: Loan:400k 30 yr fixed rate = 4.5% without points 10/1 ARM = 3.5% without points The difference comes to $250 per month. Please advise. I plan to use my extra savings to invest in a rental purchase within 1-2 years. Thanks Kundan