Results 1 to 2 of 2
LinkBack URL
About LinkBacks-
09-08-2011, 04:53 PM #1
Renter
- Join Date
- Sep 2011
- Posts
- 1
I need some advice
Hi
I'm 24 years old and a year out of college. I've been working for a year now grossing around 27-30k annually.
I've been wanting to move out of my parents house for a while, and I've been thinking that maybe it would be a good idea to buy a house and bring in a couple renters.
I would probably go into it with my parents helping me out financially as co-signers on the loan. What I need is some advice. I've never bought a house before and this would be my biggest investment up until this point in my life.
I'll take any advice: Where can I find information on taxes? Where can I find a mentor? Where can I go for information?
Am I making a huge mistake? I understand that the market is volatile right now...but surely the housing market can't sink any lower than it already has. I'm planning on living in the house for a couple years and then renting it out after that.
What do you think? What should I know?
-
09-09-2011, 05:28 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,281
Location is the most important aspect of real estate. with that said you want to look for neighborhoods that are safe and have good schools. While this might not matter to you, it will be important to your renters and your future sale.
The first thing to do is talk to some local lenders and find out what you qualify for. Then you can start to shop for the actual property.Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
Reply With Quote
Bookmarks