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Updated almost 5 years ago,

User Stats

38
Posts
21
Votes
Jacob Humiston
  • Rental Property Investor
  • Charleston, SC
21
Votes |
38
Posts

First property, getting a roommate, saving 50%

Jacob Humiston
  • Rental Property Investor
  • Charleston, SC
Posted

Hello,

I am closing on my first property March 20, I am currently paying 2k/month in rent! With this house I got a roommate (My GF) and they are splitting the mortgage to save me 1k/month from that I was paying in rent. Technically that is $Cashflow$. I took a pay cut with my company to keep it afloat, play the long-term game, and to stay with the company/help it grow, so I have been strapped with cash.

How should I responsibly handle this 1k/month once we move in? I would like to continually build my real estate portfolio, grow my emergency fund, and pay off debt. Looking for some free service, unprofessional opinions are fine!

I am 100% all for High risk decisions.

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