1. Lowest is $600k and that’s for a shytbox1. For the recent home sales in the past 6 months, what are the average prices that you have seen in that area, for a similar sized house?
2. What is the average income of the residents in that area?
3. Are you buying it 100% with cash, or are you putting a mortgage on it?
4. Does that house have an existing mortgage?
5. What is the average rent prices in that area?
If you can't answer these questions confidently, Don't you dare buy that house lol
2. Avg is probably $75k
3. A mortgage
4. Built brand new so I’m guessing no
5. Rent is around $3k
Yeah gonna have to turn it downI'm closing on another rental on Friday and I'll have a renter in by the 5th
real estate works for me
if you have to ask IF it's the right move then you have not done enough to educate yourself on the process
there are several factors constantly at play
What do I gain from lying here?This thread is brought to you by![]()
Damn so you saying prices won’t dropReal Estate is the GOAT investment. If you can afford getting a house, do it.
IF you can afford it. Ain't no point in going broke for a house you can't pay for.
That's 100% not the kind of decision to drag your feet on though. If you can go for it, act quick and be decisive. Waiting for prices to drop and all that is a fool's errand.
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