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Updated about 6 years ago on . Most recent reply

User Stats

52
Posts
12
Votes
Justin Heitter
  • Coeur D Alene, ID
12
Votes |
52
Posts

My first Property (duplex house hack)

Justin Heitter
  • Coeur D Alene, ID
Posted

I am very close to buying my first property  In Coeur d Alene Idaho.  It is a very nice duplex that was built in 73. It is an owner occupied property(me, I am house hacking)  The kitchen is very dated so I will be doing some upgrades.  I put in my offer today for 315,000.  I have not been at my job long enough for my overtime to count so I have to wait 6 months to get financing.  The seller is going to carry the contract for me for the next 6 months.  My goals are to pay this thing off as quickly as possible, while looking for more like it.  I am excited to begin my real estate career. 

Most Popular Reply

User Stats

161
Posts
130
Votes
Ron Fletcher
  • Leclaire, IA
130
Votes |
161
Posts
Ron Fletcher
  • Leclaire, IA
Replied
@Justin Heitter Sounds great except your line saying I want to pay this off as fast as possible. Do your research but you will probably be much better off saving up down payment for future properties than paying off the first one before moving on.

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