Real Estate Questions--Good Investment?

We are considering buying something next year. One of our ideas is to buy a condo close to the city where we work. That way, we are paying into a mortgage instead of rent. Then, a few years after, hopefully we can buy a house, renting out the condo or selling it. The other option is to rent for a few more years before buying a house.
What do you guys think? Any tips or suggestions?

the equity you build on the home you buy is your biggest source of down payment if you continue renting you will never have enough money to buy like you could have if you bought now sold and then bought later. source of down payment for the house you want to buy later.Don't rent the house you buy now sell and use the equity to better your loan position later

If you rent the property and move to the new home you believe you have a good position but in reality the property may remain unrented or have problems that cost you allot of money when you could have taken the money and placed it on your down payment to lower the cost of the second property and made you more money ...

I have no doubt in my answer smart investors invest their money but have no attachment when it comes down to the moment of selling to make a larger and better investment. A 1,000,000 home increase in value by 10% and you made 100,000 dollars a 250,000 dollar home same market conditions makes 25,000 in equity you figure out the rest

Well look at your money situation at this point in time, and see if buying a condo will be affordable? Because if you live in NY and you look into condos in Queens & Brooklyn area, they can run from 200,000 to 400,000 easily? So it depends the prices in your area plus your income situation. And then go from there.
K

Personally I would stay away from condos just because of resale value buy a single family home instead if you can or continue to rent until you can afford a single family home or possibly a duplex where you can rent out one side to help with your mortgage

You are going to live in the home for some years to come, and it is convenient to where you work. YES, it's a very good idea to buy it. Only if you were buying an investment property should you be very weary... these properties are a business decision and should be treated as such. When you will live in the property, it's a different story... http://www.choicerealestate.net/