Taxes increase on Primary Residence, looking to invest elsewhere

[Justin Mazza]

Hey everyone!

Brand new to the forums although I have been a fan of BP for sometime now. I closed on my very first home back in October 2020 as my primary residence with long term plans of moving out two years down the line and renting out the two bed two bath higher end condo. However, my property was just reassessed and taxes have hit hard. Now, barring future tax reduction which seems to be likely a year or so down the line, my future rental cash would not cover my all in. 

This had lead me to think about buying my first investment property in a market I eventually want to move to myself. I am just starting out on this path and have done some extensive research into the market and potential opportunities, however I am reaching out to see if anyone is interested in either partnering or simply available to share their experience in something similar. 

Ideally, I like the idea of purchasing a condo and have the HOA fees cover maintenance to make things easier for my investment property as well. Again, looking for any help here to start the conversation!