Jesus... I hope you don't find any serious maintenance issues on it
Nothing too major. Deep cleaning, replace some flooring, new water heater... an inspection was already done (although I plan on doing another one)
The Official Homeowners Thread
- Thread starter Dolla$
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Nothing too major. Deep cleaning, replace some flooring, new water heater... an inspection was already done (although I plan on doing another one)
↓R↑LYB
I trained Sheng Long and Shonuff
I will for sure. I want it bad brehit's so beautiful it's a loft.
Seller signed the contract and we're waiting on the bank
Good luck breh, I ain't get my first house and that shyt fukked me up for like 2 weeks
Just joined
I got about another 4 years out before having 50% of the money for a $300,000 house. I can technically move now if i wanted but my mortgage payment gonna be low as fukk if i have half the house paid off. So ill stay up in this shytty apartment a little longer
houses are expensive. I don't even plan on buying one till I have over $10K that isn't part of my down payment. Lost of people look at their rent and think they could pay for a mortgage but when you rent you don't pay for all those repairs. One guy I talked to had to get a new furnace and it cost him 8K.
HacksawJimThuggin
All Star
With all due respect, this is a terrible strategy.
Interest rates are still low, but they're rising, so now is a great time to purchase. With an FHA loan, you're only required to put 3.5% down. If you have more, great, maybe you can go the conventional route and avoid paying PMI.
But if your rent in that apartment is $1,000/month, and you plan on being there for 4 years, that's $48,000 over the course of that time that you're basically paying towards someone else's mortgage (whoever owns the apartment), rather than you paying off your own mortgage.
Obviously I don't know the details of your exact situation, but from your post, it seems like buying now would be a much smarter investment, assuming you have the means to do so.
I do have have the means but i need to pay off debt and get out of this credit hell im in. Trust me if i was debt free and loans paid off id be in that house by now.
Why not take the money you've saved and just pay off the debt? Without the debt you have more to toss into savings.
i have two different savings. one of them is for the house the others for emergencies. My debt is being paid but i still need to repair my credit. Its my credit thats gonna take a couple of years more so then my debt. So regardless i need to wait a couple of years anyways. I wanna move in with everything clean.
Freestyle Phantom3.0
Habitual Line Stepper
just closed on my first house last week, took a while but almost debt free at this point. My goal is to save as much as possible, invest, and get into day trading full time within the next few years. I want to be financially independent in 10 yrs, im 30 right now.
by the creation of this forum
by the creation of this forum
the bossman
Superstar
Just joined
congrats brehs. first members of coli homeowner gang class of 2017just closed on my first house last week, took a while but almost debt free at this point. My goal is to save as much as possible, invest, and get into day trading full time within the next few years. I want to be financially independent in 10 yrs, im 30 right now.
Just rented my place out for 4k a month. About $500 over mortgage per month.
The look on the face of someone who has worked their whole life to get where you're at at 33 and has to call you landlord.
Wow those are great numbers.