I am a 25 years old male and want to get out of my parents home, I don’t want to waste money on rent but right now I have only $10,000, So here I am looking for your suggestion that where should I go for this? Hope you will help me.
Thanks in advance!
There are tons of programs (especially at the state and local levels) for "fisrst time home buyers. HUD (www.hud.gov) has programs with little or no down payments. With $10K, a decent job, nad good credit, there should be nothing stopping you.
Keith
hello everybody! my name is jon. i just happened to come across this site today and was browsing and decided to join the forums after reading this post. i myself, will be 24 next month. im in the same boat as shuker. i live with my parents still and its enabled me to save $60,000. i’ve always been good at saving money and the only bills i have are for motorcycle and car insurance which i pay in one lump sum yearly. i would like to move out and make a good investment at the same time. i know very little about this market but i am excited and eager to learn and look forward to reading and learning more. good luck shuker!
I don’t know why everybody is trying to move out. You should stay at home with your parents until there is a reason to move out. I would have stayed at home until I got married if my first job wasn’t 1,100 miles away. You get to save money, you get free food and laundry, and the cheapest rent know to man. I can see girls wanting to move out (2 women under 1 roof thing) but even that doesn’t make since.
Blue
when you hit your mid 20’s and still at home, woman tend you stray from you as it makes you seem like a mammas boy. Also not all parents are easy with the guy bring the girl home for a night of fun.
Advice to buying 1st home. If your thinking of being an investor, I recommend taking advantage of 1st time home buyer programs and buy a duplex or 4plex. Live in one unit and rent the rest out. This will give you landlord experience and you will know if you like it plus a great chance to have someone else pay your mortgage.
One of the greatest things about real estate is the ability to leverage your assets. Good for you guys for saving lots of cash. But don’t use it if you don’t have to! Check out the first-time buyer programs offered by the federal govt, and also remember to check your state/county to see if they offer anything that might help as well.
Chris
yeah, granted i can save alot of money, but its time to move out and get rid of my racecar bed.