d_gage
November 15, 2013, 6:41am
18905
PJB, you have the right idea. Get a good fixer upper that once its pimp the numbers will be in your favor. You are single, if I were in your shoes I would get one, fix it up while I lived in it (sleep in one room, fix the other, once done flip it around and fix the original room)… then sell it in a year once completed and walk away with probably half your years salary in profit… BANK it away and do it again. do it a few times and you will be in a position to put a BIG chunk down and knock a payment clear in half ($ and terms) on a nice house that wont need a ton of work, or even build and be wayyyyyy ahead on the house.
And to add to this ^^ Buy a house you can EASILY afford on your own and have a friend or two move in and charge them rent and bank every cent they give you.