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Updated about 4 years ago on . Most recent reply
Should i buy a house and move after 1-2 years?
Hi everyone!
I recently moved to San Antonio and am working full time. I currently rent and my lease is up around July.
I want to buy a house using a USDA loan while I live here, but am worried about some of my exit plans due to some of the refinancing restrictions it has. I plan on moving to Houston after 1 or 2 years of working, depending on if my real estate investing pops off enough; During this time I will be starting my house flipping journey.
Would it make sense for me to buy a house and do a live in flip in such a short time frame? I also do not plan on holding and renting this house after I move, since it’d be only 1 property in the area after I move. I’d really like for all my rental properties to be near me.
Any advice or see something that’d make it a bad transaction?