Homeowners
Out of context: Reply #27
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- _lp0
On my side, took a few months to look out into buying a house..
After good research, found out that, being young (25), the best thing for me was to buy a condo.
Wy....
Going into an apartement, would cost me, for something that would never be mine, or give money back... thats renting, simple facts, i'm spending money for a service, witch is a roof (room, ...).If i buy a house... well, i get the same service, & i get to give that money to... myself, just there, you would be a winner. But, then again, repair fees, maintaining the lawn, painting, ... and many other things... i'm not quite ready for that...
So i look into buying a condo.
Putting a 5% cash down (because i have the 'intension' of going to live in it), & leasing it... So someone else would pay for MY condo, + maybe a profit over-it...That's what i did, simple because:
1- i get some more cash credit easy.
2- After 5 years, take (now value - lown) & put it back onto a Duplex...
3- this now duplex, you live in 1 apartment, the other one pays off mortage.
4- after 2 more year, you buy a nice house, witch you ONLY pay the cash down, & let your 3 apartment pay off the restquestion, send me mail