All Forum Posts by: Samir Shahani

I sort of disagree with what has been said already.

If this is a pre-offer walk-thru, you don't need an inspector.  The purpose of the walk-thru is simply to know if the property is something you want.   If you expected that the roof is young, and it has huge holes it in, maybe you wont even make an offer.  If you expected to walk into a move-in ready place and the kitchen is missing every appliance, maybe you wont make an offer. 

You only need to bring in an inspector AFTER the offer. Just make sure your offer and offer price are contingent on an inspection by a professional. 

Definitely use a local bank over Quicken!

Sorry, I'm a bit confused. 

You suggested you're paying off student loans while also saving.  Which one are you focusing on?

As a lifelong student of personal finance, I suggest figuring out what you want to do ... use the money to pay off loans? Or use the money to invest / house hack / buy a property?

When you figure out what you want to focus on, do it!!

Regarding how to save your cash for a short duration (1 yr), I'd strongly suggest not investing it in the market (even ETF's, bonds, etc).  The interest/capital gains you stand to earn is negligible, and you may end up risking your hard earned money if there is a downturn etc.  

[If you have 30 years to invest, that's a different story for a different forum.]  

Keep the money you are saving in a savings account and when it builds to the amount you need it to be - use it.

Also, remember, using the resources on BP, you can figure out how to buy a house with little or no money out of pocket!!!  That way can you can pay off your loans and buy a house, that's the optimal outcome, right? :)

Excellent story!

Curious, how are you cash flowing with this property? Given the leverage on the property with a 70k 5yr loan.