He pays rent

you should rent it out, apply for another mortgage, and when you feel comfortable, rent that one out and repeat

my aunt has done this 13 times. owns 13 rental properties. when she retires, they'll all be paid off and she can either continue renting them out and make nearly $150,000 literally doing nothing or sell them all for ~3 mil

"If you don't find a way to make money while you sleep, you will work until you die"
-Warren Buffett

so you'd rather spend the exact same amount on an apartment where you're literally throwing money away?

got it

fyi pic in OP is a condo but I'm sure you knew that

fact is, most people are scared to apply for a home loan. they don't know what to do, they wont commit, and they'd literally rather just throw money away

you know who also does that? black people. and who remains poor generation after generation? black people

yes I'd rather stay here and actually BUILD my resume working decent jobs in an area that has actual opportunity. i do plan to buy a house, but I've got to save for a few years at least. the houses where i live are all 1 million+.

you see, not everyone lives in a shithole where they can live with mommy until they save up a meager 10k for a down payment on property.

>his mom doesn't let him live rent free in her house until he's 35 and has enough money to buy a house
top jej lads. look at these cucks throwing money away! they should be smart like us, move to Oklahoma and pay off the mortgage working at McDonald's

if you live in an area where housing is in the millions, your rent is in the several thousand a month range

you could literally live in a nice condo for LESS than your rent. and get all that money back when you sell.

a USDA loan requires zero down. but you obviously didn't know that.

you obviously want to remain where you live so waiting for your place to sell while house shopping isnt a big deal

but LOL @ working jobs (plural) to "build your resume. news flash, dipshit, hopping from job to job makes you look unstable and unreliable to an employer. I'd know, i employ people

keep pretending, dipshit.

believe me kiddo, i know what I'm doing.

sure thing buddy, i mean you trying to convince strangers on the internet you're doing great by job hopping just REAKS of confidence

who said im job hopping?

oh right, you did. because you're an idiot.

enjoy your job as a manager at McDonald's in south dakota

right here moron >I'd rather stay here and actually BUILD my resume working decent jobs

youre probably some Mexican in construction. nobody works different jobs to "build a resume". unless you're some tradie in construction going from site to site

How does she manage that stress? Having to be a landlord of multiple properties sounds like a lot of work, especially if shit goes wrong and you're responsible for the repairs or dealing with shitty tenants. Plus the taxes on the property (though she probably puts that into the rent I imagine).

decent jobs as in the jobs that are available in my area. i have been with the same employer for 3 years.

You know you have to pay a down payment too right

kek
>124,900
for a shitty apartment where you can't have mountains of empties laying around and have music playing all day smoke ciggies indoors and have to fear the landlord or whoever evicting you because you're not a normalslime.
and regardless of how much you pay you'll never have anything to show for it.

I'd rather slave away at min wage till i have enough to pay up front for a house so i can rent rooms out for 600 bucks a month
and live off that income while i kill myself with alcoholism and ciggies

her husband only works about 25 hours s week as a heart profusionist, he does the maintenance (painting, carpet install, minor repairs) as a hobby.

as they get older i would imagine she will hire a property manager to take care of everything. but right now she just handles everything. had only had to take one tenant to court so far.

her property taxes are 17k a year.

oh wow cool good for you, you're still wasting money on rent.

3.5% for an FHA loan
0% for a USDA loan

im going to bed

advice for all

go to Experian.com and sign up for the 30 day trial

get your FICO score and credit score from all 3 agencies. if your FICO is above 580, you qualify for a FHA loan with 3.5% down

your total debt (including the mortgage amount you want for a 30 year fixed rate) can not exceed 42% of your total monthly income (if you make 1000 a month, all of your debt including the mortgage for the home you want can not exceed $420 a month)

STOP WASTING MONEY ON RENT

Can't meme this rent bs. Housing bubble bout to burst buddy. Why spend 100k when the market tabks that same has will be 1/3 of its original asking price. Buy low sell high. Don't be a Jow Forumslet

H-hey um user, can I ask you for a favour? C-come join this Discord server please, it's a really good server I promise! It would really make my day if you did... so join using this link right now:

discord
.gg/UD3tHTC

aj

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