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Updated over 6 years ago, 05/08/2018

User Stats

58
Posts
10
Votes
Brad Pietrzak
  • Milwaukee , Wi
10
Votes |
58
Posts

buying small first then upgrading question

Brad Pietrzak
  • Milwaukee , Wi
Posted
hey guys thanks for taking the time out of your day. so I have some options here I want your opinion about me and my sweetheart are saving bucket loads, she is living with family and I live in a bad area. now once we get married and live together I do not want to expose her to this horrid area it is very very very dangerous for a pretty women. I'm talking like a d minus area practically the projects. so by the time we get married we should be able to buy a condo with cash in a great area. what we really want is a duplex in a great area but they are about 3 times more expensive then the condo. I want to buy with cash. I've done the math and it seems we could with certanty keep up this massive savings rate up if we bought the condo cash and lived in it and could buy the duplex cash in probably 4 years after by selling the condo. Would it make sense to buy the condo for that short of a time just to up and sell in in 2 to 4 years for the duplex I am not counting on much appreciation it is a condo. there may be some because of the area however. But this seems to be the only way we can keep our savings rate up. even if we leveraged the duplex we still would be worse off savings wise. I am living very very cheaply so much so that people do not believe me less then 800 a month total and all no bills after that 10k a year and I'm clear all the rest is investing and saving money she has no bills because she lives with family we will be a one car home when we buy to save on that and it will be a little more expensive but shouldn't shift all yo much. Would you say it's worth it to keep this momentum up in savings to buy the condo just to upright sell it. as of now return is important yes but I want to conserve my momentous savings first and foremost and solidify it so I can have a great catalist for future investments

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