Invest in Texas or California
I’m active duty military and I just find out that I will be moving to Oceanside, CA. I want to weigh my options should I buy or rent? I plan to stay there for a Max of 3 years and then I would have to relocate. I could buy and hold but I know CA is very tenant friendly. My other option is to invest in my hometown Houston, Texas where I could get a rental property for a fraction of the price that I would pay in California. What do you guys recommend?
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@Humberto Perez I'm currently stationed on Pendleton, and renting in Oceanside. I will tell you that I would have absolutely purchased here if i was going to be here for a full three years (18 months for me). Especially with the VA limit eliminated, you could buy a duplex, triplex, or quad and live for free, or close to it.
Then you can rent the other units and with the additional BAH you're saving, invest out of state too!