Seeking Much Needed Advice

[Trevor Brown]

Hello BP! I am seeking much needed and appreciated advice from anybody in a position to give it! So, I am stuck in a rut and need advice from someone smarter than me.

ABOUT ME: I am a 21 year old male, I am engaged with a 3 year old little girl and another on the way. I am a machine operator at a chemical plant based out of Cincinnati, OH. My annual gross salary is $70,000. I have a credit score of around 780 +/- with short history. We do not live very frugally but we do budget, we don’t have shopping addictions or blow a lot of money either. I currently have around $6,000 in a savings account and have recently been able to start saving about $1000 monthly.

THE PROBLEM: My fiancé and I are kind of stuck in a pickle and somewhat butting heads on our upcoming future. We both agree that we need to get out of an apartment and into a home for our family. currently, all homes within a 30 minute radius of my work rent from around $1,300 - 2,000+ which is more than we are wanting to spend. We agreed to buy, but she is looking for anything nice, fixed up and move in ready. I am looking for something as an investment, something to set a solid foundation in my future real estate investing career but I know that currently it is a sellers market.... so far I feel my options are find a home by the end of the year, or overpay to rent a home and wait (hope) for a recession and purchase a home for cheaper. I really need somebody that can help me. Thank you for taking your time to read my book of a post and thank you to anyone that provides some clarity to my life!