renting vs. buying

oriole100

Bronze
Oct 9, 2005
807
18
0
Rent for a month or two. If you don't like where you are try some place else. Unless your going to live here 24-7, don't buy a house. Buy a condo in a good area, with good sec. You won't have to take care of things yourself all the time. If your from the US you can rent it and depreciate it and write off all your costs. Get a Good accouant, who has dealt with overseas rentals before. By the time you sell your place you will make money and probably have to pay taxes on the profit. I know it has worked for me.