Whatever you decide to do, do not buy a rental property. Like you said, "buying a house here may not be a best decision", plus that you are "not sure how long I'll stay here". In addition, there are many problems that come from being a landlord, plus, you wouldn't have money easily available if you did decide to buy a home. How much are your proceeds? I personally, see only one option for you. Put this money into a high interest savings account around 5% or so, perhaps you could even put a portion of it into higher interest CD's (depending on how much proceeds you are making).
Also, are you completely out of debt? Are you saving for retirement? Do you have an emergency fund?
Look forward to hearing from you!
|