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Updated almost 6 years ago on . Most recent reply

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Elias Gilchrist
  • Rental Property Investor
  • Norcross, GA
6
Votes |
19
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The only thing that's holding... I need help.

Elias Gilchrist
  • Rental Property Investor
  • Norcross, GA
Posted

I've been on the road for quite sometime now. Jumping over hurdle after hurdle to put myself in a position where I can buy my first property.

I have a great credit score and decent amount of savings. Whenever I analyze a property it always seems like I cant afford it. I live on the bare minimum(theres no fat to trim). Can someone point me in the right direction on how to break down the full financial responsibility for owning and living in my first investment property. I plan on house hacking but I would like to be able to afford the house without having roommates as well.

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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
  • Washington, DC Mortgage Lender/Broker
Replied
Originally posted by @Elias Gilchrist:

I've been on the road for quite sometime now. Jumping over hurdle after hurdle to put myself in a position where I can buy my first property.

I have a great credit score and decent amount of savings. Whenever I analyze a property it always seems like I cant afford it. I live on the bare minimum(theres no fat to trim). Can someone point me in the right direction on how to break down the full financial responsibility for owning and living in my first investment property. I plan on house hacking but I would like to be able to afford the house without having roommates as well.

 Buy units, definitely not a single family.

  • Stephanie P.
  • Loading replies...