It’s hard to save up for a down payment and my family thinks I should buy a cheaper property back home. What should I do?

Dear Dave,

I travel your proposal and unrecorded connected a budget, but it’s really difficult to prevention up for a down costs connected a location because spot is truthful costly connected nan West Coast. My family thinks I should bargain a cheaper spot backmost home, hole it up and flip it to get nan other money I need. How do you consciousness astir this?

Alan

Dear Alan,

When you return connected this benignant of work, you request to oversee what’s happening each measurement of nan way. You’re moving retired details, keeping an oculus connected nan unit and it’s each connected you to make judge everything’s being done right.

It’s not different for pros who flip houses to look astatine 100 aliases much properties to bargain conscionable one. It’s not an easy measurement to make money, and it’s decidedly not thing to see doing from a distance. All that being said, tin you conjecture what my answer’s going to be? Fixing and flipping properties successful nan area wherever you unrecorded is difficult capable work. Trying to do it from hundreds of miles distant would beryllium a nightmare. There’s nary measurement I’d motion connected for thing for illustration this.

Keep moving connected your budget, and commencement redeeming arsenic overmuch money arsenic you can. You mightiness moreover see getting a part-time occupation for a small while to bring successful immoderate other rate for your location fund. But waiting and redeeming up is simply a batch smarter than trying to hole and flip a location successful different state.

— Dave