If you work at a bank or deal with loans chime in please.

[Vteckidd]

personally, a $40-50k HOUSE is prob a POS or in horrible conditon.

Id sit on the $40,000 as savings, rent an affordable apartment, suffer, and wait until you graduate and get a real job.

link to this $50,000 house? its gotta be a shit hole

[silverZ33]

personally, a $40-50k HOUSE is prob a POS or in horrible conditon.

Id sit on the $40,000 as savings, rent an affordable apartment, suffer, and wait until you graduate and get a real job.

link to this $50,000 house? its gotta be a shit hole

This is not necessarily true, it all depends on where he is looking and how much house he is looking for...the market is saturated with homes in GA. I know this because I am in real estate industry in GA and personally manage over 2k f/c homes in GA. I would say be patient, you may be able to pay cash for a decent place if you do not mind putting in a little elbow grease....just my .02. Where are you looking if you don't mind me asking

[BB6dohcvtec]

personally, a $40-50k HOUSE is prob a POS or in horrible conditon.

Id sit on the $40,000 as savings, rent an affordable apartment, suffer, and wait until you graduate and get a real job.

link to this $50,000 house? its gotta be a shit hole

I work at a bank. I agree with kidd on this one sit on that 40k and invest it wisely then when your done with school and have a job then go back and start looking at homes. I would also work on your credit score during this time.

[Halfwit]

personally, a $40-50k HOUSE is prob a POS or in horrible conditon.

Id sit on the $40,000 as savings, rent an affordable apartment, suffer, and wait until you graduate and get a real job.

link to this $50,000 house? its gotta be a shit hole

actually, a nice aprtmnt in this area, even a 1 br is 1k a month, anything less is a real shithole(area,upkeep,reviews,neighbors) im not jsut asking empty questions here, ive weighed all options and have found to be what i see as best for next 5 years.
you would probably be surprised, in your area (northside ish i presume) no nothing worth living in, but in stockbridge, 50k in a forclosed or hud home (40 or 50k total after all repairs) is a NICE 3br2b house with 2 car garage, dining room, fireplace ect.

actually not at all. right on a "lake" (i use that term loosely as the neighborhood calls it a lake but id say its a large pond) all sodded yards, sunroom/dining room with all windows for lake view, huge patio, not in need of anything except things a new owner has to do to any house (paint and small upkeep) may not fit your standars, but as id rather have 100k in cars in the next few years i can deal with a middle class home.

http://www.georgiamls.com/search/pro...cfm?LN=3101045

I work at a bank. I agree with kidd on this one sit on that 40k and invest it wisely then when your done with school and have a job then go back and start looking at homes. I would also work on your credit score during this time.

it just kills me that if i do that, instead of PROFITING 400$ a month, (roomate pays utilities, gf pays rent) i LOSE 500$+ a month (rent /bills now) even on unemployment the loan would take 7 months to pay off 10k, or i could lose 5k in 10 months. so there isnt really a fun way to sit on the money, bc im not really sitting on it, its dwindling.

please inform/ help me "invest it wisely" the on;ly wise way i see to invest is no risk, but with no risk generally comes very low reward. im not lookin gto make 100 in a year. i used to flip cars, that is in hte shithole now and i dont have all day to hunt down 300-600$ profits on craigslist.