Is buying before a planned move the best ... - Zillow Real Estate ...

From a consumer's perspective:

1. interest rates on investment properties are higher than primary residences, and tend to require a higher down payment.

2.? Managing an investment property across the continent is tough, or one pays property management fees.

3.? Once one has tenants with leases, you can't just kick 'em out because you are ready to move in.??

4.? Qualifying on current income because it is likely to be higher sounds like you are setting yourself up to be over extended.???? I'd suggest qualifying on a realistic number for your income when you've landed in MA.

Even though you know the area, you don't know where you are going to be working so don't know commutes etc.??

Bottom line?? Doesn't sound like a good idea to me.?

Source: http://www.zillow.com/advice-thread/Is-buying-before-a-planned-move-the-best-investment/417036/

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