Many people pay off some loans to keep others available others do the algebra on what they make room a purchase vs what they pay in taxes and make a decision based on that.

I think the bigger issue is that it sounds like Brian would prefer to live in Baltimore, and that should also factor into his decision.

Hello all,
Ok I am a newbie and haven’t gotten my first investment yet. I have looked at 25 houses and put several bids (unsuccessful), but nothing yet. I was looking for something under 100K to shoot for the 2% or ...

If they can not afford the equilivant of a months rent deposit they definatly can not afford the apartment due to very poor financial planning.

@Jeff NevesWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Don't pre-emptively make decisions on financing until you know what the preferred out come is.  

You could always get a years rent under your belt then make a decision. 

So I made the decision to apply what I’ve read in “Rich Dad Poor Dad” by Robert Kiyosaki to get out of the “Rat Race” and no longer work for money but let my money work for me.

The tax is based upon the helpful decisions of the legislature in Springfield and the sales price of the property.

And choose wisely with important decisions like how much to stock up on 9mm, .40 cal and 5.56 to protect the homestead when things sour.