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?

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