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re: Your first house
Posted on 9/26/11 at 9:48 pm to Costanza
Posted on 9/26/11 at 9:48 pm to Costanza
Purchased 1st house in 1978 for $27,000 in Florida. I was 21 and worked in the mtg dept of a bank. Put 20% down on a 15 year at 8.25%. Shortly after, rates climbed to the top and I figured we would live in that 2 BR house forever.
Ended up buying at least 7 houses since then and have made money on all of them. Glad I didn't have anything in Florida the last few years.
Ended up buying at least 7 houses since then and have made money on all of them. Glad I didn't have anything in Florida the last few years.
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