Quote:
Originally Posted by swanson719
You don't have the income to buy this property and rent it out. A bank will want 20% down or more if it is not your primary residence. You also will need to have balloon insurance in case something happens with the property and you're found liable. You only have $3,800 in liquid savings. That's not enough to really be called an EF when you consider you're living at home, don't have full time employment, and are still going to school.
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I agree with you. Investment should be done at a time when all of your other immediate needs are getting easily fulfilled. If you don't have a full time job, then you shouldn't be thinking about investment yet.