Lets say I have $50,000 in the bank. Just moved back to parents house, squirreling away as much cash as fast as we can. The plan is to stay here 12 to 15 months, max!
Option 1: Buying a 6 unit apartment building and living in one of the units. Live here for 3 years then buy a home, possibly.
Pros: Living rent free for the most part. Building equity fairly quickly. Save money.
Cons: No yard, less privacy, small living quarters.
Option 2: Buy a house.
Pros: Privacy, spacious, yard
Cons: Mortgage, high real estate taxes and still going higher($5k to $10k). Wont be able to save much once living in house.
Option 3: Rent for a year after leaving parents house.
Pros: Buys more time.
Cons: Waste of money and time, indecisive.
Option 4: Buying silver and some gold and renting for a year. Then selling that gold and silver and do option 1.
Pros: Could look like a genius, risky.
Cons: Could look like dummy, rolling the dice, risky.
Option 5: Something I hadn't thought of.