Skip to main content

First time Home owner! Need some legit advice

So i want to start off by saying im 19 and i work front desk at a real estate office, im extremely interested in buying investment properties and i want to start as soon as possible. Ive saved up a good amount of money and i work two jobs as well, i also go to school and get a lot of money back from fafsa and certain grants. i have a high credit score and my parents are willing to go into the loan with me and live as my tenants while i pay my way through college. We also want a duplex so we can rent out the other side. I feel like i have a good plan, im not trying to rush into things and im trying to save uo enough to atleast have a sizable down payment on the property. I work with real estate agents and every time i try to ask them about my plan or if its a good time right now in the market for a first time buyers it feels like theyre just looking to get me to be their client and not really giving me real advice. is the market now a good time to be a first time home owner, ahh im just so nervous!!

edit; basically, is this a solid plan? please poke holes and ask questions that make me think bc i feel like i have things worked out but i feel extremely under prepared.

submitted by /u/Narrow-Dare9068
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/w6vmh7/first_time_home_owner_need_some_legit_advice/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/