Your first house

never buy a house right before the turn of a shitty market.

Always use a knowledgeable real estate agent.

1984, age 30, mortgage rates were around 20%, found a great deal, house was $79,000 with a 9.5% mortgage that I could assume for only $33,000 down. The financal wizards predicting the economic future said if you don't buy a house now, you will never be able to, so I jumped on it. It worked out fine, but gave it up in a divorce 13 years later. If I had it to do over, I would have bought out my Ex, and would still be living there, it was a great place to be, plus last year it sold again for over 300K.

My first house was a 5plex. I was 23.

I bet a refied that thing for cash out 3 times. Spent the most of my weekends and after works fixing and renovating. I worked with my father who is a GC and so too am I.

I lived there in a brand new 2 bed House (behind the 4plex) and the property yielded a 15-17k per year positive cash but then Katrina Hit. Paid it off with flood ins and bought a duplex uptown. Bought my own single house in 05

2009, I was 27. House is 190,000. I put down 50,000. Did I do good, don't know. My interest rate is 5.3%

1983, 20 years old, paid $65k, put down 13k ( had to borrow a grand from my mom paid her back in a couple months) that assured I did not have to pay PMI insurance.

Friends thought I was nuts. Friends parents thought I was a genius. Had a $408 a month mortgage and after a year got a roommate who payed me $350 a month. Sold it in 1990 for $140k.

Had special bond money mortgage of 8.8 percent when all others were around 18 or so.

Wish I still had that baby.

2003 / $98k / $11k / 23 / 5% interest rate

I was glad I got the 15-year note, since I was young and otherwise just blew everything that I made. That let me build up some equity over the next couple of years.

2006. I was 27 at the time.

Cost - 880K. Put 20% down.

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26 years old, bought a house for 184K, put 0% down because it was a VA loan. 6.5% interest in 2008. Made a lot of extra payments, refinanced at 3.5% on a 15 year mortgage. If I had it to do again I would not have bought that much house, just my wife and I and a lot of things we thought we wanted we never used (game room, large patio). Spend most of our time sitting in the front room or in the kitchen.

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PMI on va loan? I'll be buying within 5 years.

25 years old, 135,000, 6.5% in 2001. Put 20% down.

The house worked great for us, lived there six years, until we found rural property we liked. Sold the house for 217,000 in 2007. It was a great investment and was in a great location. Other than being a bitch to get my boats in and out of the yard, it was pretty much perfect.

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25 years old, 135,000, 6.5% in 2001. Put 20% down. The house worked great for us, lived there six years, until we found rural property we liked. Sold the house for 217,000 in 2007

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You timed the market perfectly...some times a little luck helps. $82k (61%) in 6 years ain't bad.