Who here owns?
Who here owns?
Out of context: Reply #14
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- BonSeff0
im coming up on 3 years. ive put 10k into the place and prolly have 5k in equity. the hardest part about a mortgage is, if you did like me and didn't put shit down, is that the first couple years are mostly interest.. dont really dent the principal that much.
and a couple months ago i had to replace the central heat/ac. that one fucking stung.
but the upside is that i will prolly get it the investment back when i sell. i think i am stuck with it til the market turns however.
but on the upside of that, is that while i wait i am getting more equity..
so there are pros and cons. i think the whole flip this house model is gone. if you buy, plan on being in it for a few years. throw down on the upgrades build the equity
- I did a similar thing. I look at the rehabbing and updating as my down payment.Mimio