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Buying an apartment directly out of college
Posted on 7/10/18 at 11:26 am
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.
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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