Here’s what I’ve been considering, tell me if this makes sense.
Lived in LV before the meltdown and liked the area off W.Tropicana and currently considering going back from WA state.
I’d like to find a L/O to live in while learning more about investing using lease options (Claude Diamond or Bill Bronchick, haven’t decided which yet).
My credit is very good (800+) but money is very tight. CC debt less than $2k and worked hard the past 2 years to keep it that way. Work from home, so commuting and job hunting isn’t an issue.
Washington just isn’t doing it for me, too many days of ‘just over dreary’ for my disposition and since I’m in my 50’s putting up with some of the issues I see living here isn’t my idea of fun.
With that said, I’m thinking no downpayment/option money and around $850 a month with about $300 going towards exercising the option on a 3-5 year agreement. Looking at between $60k-$90k total for a 2b/2b.
Would this make sense under the current circumstances. Thank you in advance for any insights and definitely suggestions from seasoned investors.