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re: Wise friends of the MB: Am I anywhere close to buying a home? UPDATED pg. 3
Posted on 4/7/15 at 11:04 pm to PeteRose
Posted on 4/7/15 at 11:04 pm to PeteRose
quote:
3 since you are single and don't need too much space, instead of buying a house, I would buy a duplex in a good neighborhood(garden district, mid city). You can get a good one for 190K. Finance it for 15 years. With the rental income, you're mortgage payment won't be that bad. And you'll increase your equity faster over time.
This is also good advice for the OP in a situation like Baton Rouge that has a robust, vibrant rental market.
1
Posted on 4/8/15 at 6:31 am to Ace Midnight
First off , you are way smarter than most in that you are willing to ask questions to people older than you. Great job on that.
I agree with a that is said but would add this. You are in no hurry to buy a home. The Intrest rates are crazy low and as a result the housing prices are high. Just pay off debt and keep saving and investing for when your lifestyle changes and you need a house.
A house won't make you more of an adult. It just will tie you to one location and cost more money and time than you can imagine.
I agree with a that is said but would add this. You are in no hurry to buy a home. The Intrest rates are crazy low and as a result the housing prices are high. Just pay off debt and keep saving and investing for when your lifestyle changes and you need a house.
A house won't make you more of an adult. It just will tie you to one location and cost more money and time than you can imagine.
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