Buy a home or rent? Indianapolis Folks!?
I am going to keep this short and sweet. My dad is buying a warehouse in Westfield, Indiana and is asking if I would like to move there to manage the warehouse for 2 years. I understand the housing market is hot right now in the area, but my wife and I wanted your expert advice on whether or not we should buy a home in the area, live in it for a few years, then move away and find renters. Orrr just rent for the whole time we are there.
Need opinions on:
1. Is it smarter to rent for the 2 years? Or buy a home?
2. If we were to buy a home in the area is it easy to find good tenants?
3. Is it easy to manage these tenants from another state? How do you suggest we go about doing so?
The Indiana market is much cheaper than the Utah market right now (Utah is the fastest growing state) which is why it is so enticing to buy a home instead of rent. But I would like any and all opinions.
Thank you!