Moving to Broward County next year

[Shaun Ng]

Hello BP community,

My job may be taking me to Broward County, Florida next year or two.

Typically, I like to purchase rather than rent, and take advantage of lower mortgage rates that come with owning your primary residence. And then rent it out once I know the area better and know what kind of house we want.

With that in mind, we may want to purchase something at a lower price point but have good consistent long term rental demand, when we move out.

Given I’m not familiar with the area, I’m wondering:

a) pros and cons of purchasing a condo vs SFH

b) any particular area in Broward that anybody would recommend?

c) any shortcomings that I should be aware of with this strategy (purchase first and then rent it out after say 1 year?)

Thank you all!