Updated over 7 years ago on . Most recent reply
Rent first in new city or Buy a cheap condo to start house hack?
Anyone know whether it is better to rent in a new city first or buy a cheap condo (under $85k) to house hack? This is my first time buying a condo/home and first time house hacking. I have the money to purchase the condo in cash. HOA fees are around $375/mo so this would be less than if I were to rent at around $500-$750/month. I would also have 1-2 bed rooms to be able to start renting out if I bought the condo. Should I still rent first in the area for 1-2 months or longer before I buy anything?