Non Homeowner - Investing in Rental Property Out of State

[Josh Salapare]

I live in CA (SF Bay area), looking to move out of state possibly Nevada in two years once my son graduates High School.

We sold our manufactured home a couple years ago and now are renting and saving for future home.

Thought about buying an investment home in Las Vegas and renting it out for the next two years, while we are not ready to move. Looked at condos taht we could possibly make work.

Would this be something that we should consider or just continue saving and waiting out the next two years?

[Noah Laker]

I wouldn't go for a condo, as the HOA fees and restrictions could affect your ability to rent it out, and the resale value will always be lower than a comparable SFR. Unless you specifically want to live in that condo two years from now, you should go for a duplex or SFR.

I'm a local broker and investor, we have over 100 Airbnb rentals and a lot of our clients like to use the homes part time.