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To Buy? And Where?

Hi! So I’m trying to figure out what my best bet is — so lemme lay out the facts:

  • Me: 26, currently renting in HCOL area (Boston)
  • Never owned any sort of property, but thinking about wanting to do that soon
  • My options: buy something here in an up and coming neighborhood for around $400k OR buy something much cheaper in my hometown of Atlanta
  • Issues: I don’t have 20% to buy a place here in Boston (like very far away from that...), so would need to purchase something at around 3% down. Though Atlanta is more affordable, it would be an investment property since I don’t live in Atlanta (my whole family is down there, so one of them could move in and help with maintenance). So I would also need to scrape together the 20% there (which at a lower COL would be easier, but non-trivial).

MY QUESTION: Should I try to buy a place for me to live in here in Boston, or continue to save and buy an investment place in Atlanta?

submitted by /u/SonataHymnHot
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/cwjk60/to_buy_and_where/
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