Url forwarding

i have a site i bought that i am not using. now I want to do another site. instead of buying a new host i was thinking of just forwarding and buying the url only. are there any seo or other pitsfalls with forwarding. it’s will just be a hobby site, but i would like it to look as professional as possible.

I believe those web sites will be on different domain names. In this case you ill need to use 301 redirect. That will be ok for your SEO.

if you have hosting and you are buying new domain then there is no problem with existing host.