Now is a great time to buy. I saved up 45k. spent 38k on a house, and spent 5k on repairs and upgrades.
its very livable now, all new
lights
fans
paint
front/ rear door
other small stuff.
dont be afraid of a "fixer upper" The job market means there are many people who will do work for cheap "on the side" the hosue i bought had all hte electrical wiring in the attic cut out. (renters mad at owner for evicting, then owner let it forclose) and i was quoted 7k-1ok for rewire, had it done for 450$ with me buying 600$ in materials. Everything else i did myself, with no experience, great learning experience and you feelgreat for sitting down and looking around at everything you have done.
I now have no mortgage, just turned 24, and my gf pays me "rent" which covers most of the utilities. I drive a shitbox, so my bills each month consist of: food, gas, cell, insurance.
currently saving up to buy another property in the same price range to utilize as a rental property within a yar and a half. Easy to save when you have no bills. Ill drive a shitbox and wear old shoes for a few years and at 30 i wont have to work unless i want to. At 30 i plan to be moving into a 200-300k home, and have 2-3 rentals, and other money in mutual funds ect.
DONT WORK FOR YOUR MONEY, HAVE YOUR MONEY WORK FOR YOU!!
the system is designed to keep poor people poor. and making the rich richer with you paying 200,000 for your 100k house (much more with older higher interest loans)
live a littler simpler, and make your mortgage as low as possible, dont worry about paying it off completely because one downfall of me owning outright is that i cant deduct interest on taxes.
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