All Forum Posts by: Rick Wang

I know a little something about overpriced; but overpricing is a relative measure. When the rest of the country took a hit in 2008, NYC did not take much of a beating; now values exceed that of before the bubble. 

Option 1 ($1000) isn't much to begin with.  The more capital you can save, the stronger your dive into this will be.

Option 2 is your bf brings 30k to the table as a partner, but you didn't state what you would bring, whether it is sweat equity, experience, or capital, and also what his responsibilities for what percentage of the venture. Its best to get all this sorted out, as it can tear the relationship apart.

Option 3 is relative, it depends on what you are doing with it, and "how much" for the price of the home your looking for.

Owner occupied units don't make money- though they do build equity.  Only renting and turnover of property (or the ability to borrow against it) make you money.

More knowledge definitely will help. There are career paths that can certainly help; a JD (no need to hire a lawyer for a closing), a home inspector license, realestate license, etc. etc are all helpful.