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Updated 6 days ago on . Most recent reply
Dropping off the grid for 3 weeks after buying first property
I am trying to determine what timeline makes the most sense for purchasing my first rental property, which will be a self-managed house hack. The main issue is I have a trip planned where I will have no cell service for 3 weeks from July 30 - ~Aug 20. I am eager to purchase a property before I depart so I can kickstart all the wealth building benefits of real estate, lock in an interest rate where the numbers can still make sense, and not wait several months from now when interest rate or prices may be very different. However, leaving soon after closing for 3 weeks straight with no cell service seems a bit risky. Here are some angles I thought about mitigating the risk:
The main thing that has me wanting to start now is interest rate & inflation risk (e.g., Tariffs supposedly unpause in July). Worried prices would increase when I return. But it seems pretty obvious that dropping off the grid for three weeks right after buying my first property is not wise. What advice would you all have for a rookie?