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Buying an apartment directly out of college

Posted on 7/10/18 at 11:26 am
Posted by ALSUFAN
Member since Apr 2013
28 posts
Posted on 7/10/18 at 11:26 am
I am on track to graduate in two semesters and role into the work force. I have a position with a company lined up already because I have been interning there for around the last year or so. I’ve already been told the position is mine if I want it. Starting pay would be around 60k. I have been thinking about my housing situation coming up when I start there. I have been able to find many one bedroom apartments available for purchase in the 90-100k range. From what I’m looking at in the area rent on a similar apartment in the same area would be more than a mortgage note and insurance. I’m considering using a first time buyers loan, and just buying a place as opposed to renting and having to deal with a land lord.

No debt
Basically no savings though
Truck allowance from company so won’t ever have to worry about note
Am I missing something here because I believe I’m definitely going to buy a place an oppsed to renting, which seems to be the norm for the right out of college crowd.
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