Comments | vigoro09: Jumping with no net

vigoro09

Jumping with no net

Sep 14, 2010 13:01

I found this tiny, disheveled shack in the town I work in. It's for sale for $35,000, and on about .5 acres. I need $3,500 down right off the jump to buy this house. I can't describe how badly I need and want this. It's close enough to my work that I wouldn't even have to drive, or worry about a car for transport ( Read more... )

Comments 2

ezma September 14 2010, 22:40:21 UTC

Financially, you can't really lose with owning real estate. No matter how shitty or old. The land itself is worth more than anything ( ... )

vigoro09 September 20 2010, 18:37:22 UTC

Thanks for the awesome advice. I think the closing will be included with the loan, which is super low anyway. It is FSBO, and though the interest rate is like 6.25%, it will stay there, and the mortgage is for like 7yrs, which means if all goes accordingly, I could own it before I turn 40. I'm still scared shitless about it though...nervous as hell.