Question, is it stupid to buy a house in another state you don’t live in?

I'm currently in washington, seattle, expensive as fuck but great opportunities. My friend has been talking about Houston, TX and I'm originally from The St. Louis area. Housing prices there seem to look around the 10-20k area. Completely affordable. Problem being, I don't live there.

So my mind goes "get a second job, save up, buy a house/apartment/condo there and then get a job before your savings run out."

If this is dumb, I need a reality check. Whats wrong with this plan?

More real estate tips at Program Realty Wix site

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s