I've never purchased a home before and I'll be moving to Honolulu this summer. I was considering buying a condo while I'm there. My price range would be $300,000-$500,000, I think. My idea would be that my mortgage would just about equal or be cheaper than rent, and then I would look to rent it out after I moved, if I did (after about 3-4 years).
My annual income before taxes is going to be around $130,000 and my current debt is $18,000 that will be paid off by next year.
Is this a stupid thing to do?
Submitted May 11, 2017 at 05:21PM by no_reddit_for_you http://ift.tt/2qZp4Nf
