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re: Buying an apartment directly out of college
Posted on 7/16/18 at 10:20 am to ALSUFAN
Posted on 7/16/18 at 10:20 am to ALSUFAN
Some good advice in this thread. It's tougher to sell a person right out of college to buy considering the unknowns in a job field and potential for moving or even transitioning. If you feel super comfortable with the current job lined up and that it's stable and something you want to do for a little while, then I'd certainly look into owning. I don't know I'd do a 1 BR, though. I'd personally look at a cheaper 2 or 3 BR house that you can qualify for with little to no money down. Easier to sell and can rent out to friends. I realize it may not be cheaper, but you pay out the arse in HOA and other fees for owning in condos, too. This is an extra 200 or so that's can be hidden when researching.
I'd talk to someone you trust about home ownership before jumping into it. People in family, close friends, and maybe even look further into the company more. It's a major investment that isn't easy to just get in and out of. You need to be confident in just about every aspect before doing this. If all checks out, then you may make out a lot better than renting for a few years. Don't feel rushed into doing this, though. Take your time and do your homework.
ETA: There are also a lot of good threads linked on this topic that should give you more specific information if you decide to move forward.
I'd talk to someone you trust about home ownership before jumping into it. People in family, close friends, and maybe even look further into the company more. It's a major investment that isn't easy to just get in and out of. You need to be confident in just about every aspect before doing this. If all checks out, then you may make out a lot better than renting for a few years. Don't feel rushed into doing this, though. Take your time and do your homework.
ETA: There are also a lot of good threads linked on this topic that should give you more specific information if you decide to move forward.
This post was edited on 7/16/18 at 10:23 am
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