All Forum Posts by: Adam Labadie

@Christian Tateo thank you for the numbers. 

Thanks for the advice, wife found one we could put some sweat equity into and still in the same location. We have the skill set to update, so I'm thinking that's a better option. How do I gauge a price point at wholesale so I can leave enough room? 

Thanks for reply, I will feel like I'm drowning for a little bit, but I'm the type of guy that does better under pressure. When I take risk, I grow quicker personally and financially. Right now my mental state is complacency, and hate that. I like the idea of what you are proposing, would you suggest building a townhouse duplex or buy and refurbish? 3rd kid on the way, so schools matter. 

I have owned a few different homes, 1st one was short sold 2010, and last one in Odessa I sold to move. Now I'm in a rental looking to buy but not desperate. No debt and looking to get the family settled in the current area we like to live. If you were making 150K a year, no debt, would you sign up for a personal home of 600K? $4500 a month with current interest rates puts me at high DTI. It's area we love and neighborhood we have been living in, so that risk is gone. Thoughts? suggestions? or do you have a better idea?