Quote:
Originally posted by Tala
Heh. My husband is all "But we just moved here. I don't want to move."
But he's usually the one with the money sense. Go figure.
Found a nice 3 bedroom, 1.5 bath on a cul-de-sac for 49,995
That's $300/mo (not including taxes) on a 15 year fixed 4.25%
We're paying $450/mo now for 2 bedrooms, 1 bath, lotsa room for the animals.
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the house that you actually live in and enjoy is the best real estate investment.
if you are paying 450/month in rent and if you purchased your mortgage will be 300/month it looks like a savings.
but you should understand this:
the "after tax" cost of owning will be closer to 50-100/month.
you might not believe it, but it's true.
my advice is to buy now, fix up, sell, and buy again, and again, and again, holding some, and always trading up.
but then i hold a real estate broker's license
(inactive)