Whether To Buy Or Not???
Looking for advice on whether to buy a house.
My wife and I plan to get started in investing as soon as we are able to. I'm currently in the reserves and live in GA. I'm changing my job in the military and am going to be sent to Wichita Falls, Texas for training for 10-12months. We have never owned a home and have kids. The plan is after I'm done with the training we come back to GA. But there is a possibility I could get a job offer elsewhere and we move somewhere else or even stay in TX.
What we are trying to decide is whether to buy a house while there, with the intention of either selling it when we leave or holding onto it and renting it out. Being a military area I would imagine there is a good demand for rentals. Especially for the type of house we would buy, probably something like a 3bd., 2ba. family home in the 70-100k range.
What is most important is that we are able to get a house once I am done with school and we are settled into the area we plan to stay for a while.
I'm wondering if it would be a good idea, especially being first-time home buyers, for us to get a house and plan on being able to sell it or rent it out.
Would we be taking on too much risk? If we ended up unable to sell quickly and having to move away and rent it out, would it hurt us more than help if we were to try to get another home in a different area?
I know the question is kinda vague and uninformed. But I guess I'm looking for some seasoned advice on whether looking at just the basics if it's even worth giving a second thought, before I start looking in-depth.
Thanks
I've talked to a couple real estate agents and they said the housing market has been very strong there. One told me houses have been averaging less than 60 days on the market. Also rentals go as fast as they become available. BUT this was from agents, I'm sure they'll tell me what they think I want to hear.