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Updated over 6 years ago,
House Hack Questions w/ a Twist
Hi all!
This is my first post on BP since joining a few months ago when I found the site. I am currently residing in a midwest city as I got a new job and decided to sign a 6 month lease while figuring out if I like the job, town, etc. I'm a young guy (22) with hopes of working into my 30's to develop enough career capital and experience to start my own business and become financially independent... Anyways, back to the problem at hand. I know now that I've started down this career path that I'm in the wrong industry doing the wrong thing. I've decided to stick it out for at least 6 months before trying to transfer and a year before quitting so as not to burn any bridges. Seeing as I'm just a cog in a wheel at the company I find it very unlikely they will grant a transfer. In this case, I thought it would be best to begin looking for better way to utilize the $800/mo I'm spending for rent and look to move into a property. I believe that I have enough capital to make up to a 20% down payment on any mortgage my income would qualify me for, but don't plan on being in the town for more than 6-8 months after signing. If this makes sense or I can clarify anything for anyone I would love to get some input from fellow investors and Bigger Pocketeers.
Thanks in advance.