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Updated over 4 years ago,
20% down, but not job...
I have recently been furloughed due to the covid-19. I have enough in my 401k to put a 20% deposit down for a duplex in my city, but only getting unemployment right now. My rent is more than the mortgage would be. I found a duplex that’s a perfect fit for what I’m looking for. Should I wait until I’m working again or does it make sense to put the 20% down and start my real estate journey?