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Updated almost 9 years ago on . Most recent reply

User Stats

37
Posts
10
Votes
Corinthus Wilson
  • Bus operator
  • Chicago, IL
10
Votes |
37
Posts

HELP LOL househack or condo

Corinthus Wilson
  • Bus operator
  • Chicago, IL
Posted
Decisions decisions my goal was by May this year to buy my 1st Duplex, to househack so I can get some experience in being a landlord and also save my money up to buy a 3-4unit next year unfortunately with the low approval amount 150k with 10k 203k loan it's not enough for the area I would love to be in. I don't want to move my family in a unsafe neighborhood just to start my investment career so I was thinking should my wife and I buy a house in suburbs which will take us a hr to travel to and from work or a condo on the Northside where we currently stay? And next year save up and maybe just buy out of state because Chicago market might just be a little bit to expensive? Any suggestions BP members, should we stick to the plan A for few more months? Also my lease is up at the end of April and I'm not to trilled to stay with my in laws . Or plan B buy a condo on the Northside or house that's will take us out the way from work and family .

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