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Updated over 1 year ago,

User Stats

4
Posts
2
Votes
Cody Simmons
2
Votes |
4
Posts

Is this a good time to buy my first home?

Cody Simmons
Posted

Hi, im a 29M in Macon GA, single father.

I own a piece of rural property (3.5acres) that I'm considering putting a mobile home on. I paid cash for at as a zero down seller financed deal when I first moved here and before I ever heard of rich dad or bigger pockets. Looks like it'll cost me about 150-180k to do a 1500-2000sqft doublewide on my land at zero down using Land in Lieu.

The school district is subpar, and the land is 45mins from my job (so is the school).

I think I can buy a house in a better school district closer to my job for about the same amount of money.

This is my first ever big purchase and I'm nervous, but my current living situation needs to change.

There are so many things for me to consider and i would love advice from someone who isn't trying to sell me something.

I have about 15k saved up that I can use for the purchase, but I don't want to spend too much and have to to work long hours to afford a house, thus sacrificing time with my kids.

I can sell the land for 20-40k but idk what benefit that would earn me other than money in anaccount.

Can anyone offer some advice or guidance?

Tldr: first time home buyer. Single father. 15k savings.

Build on my land? buy something else? Sell my land?

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