My professional opinion it’s a Bad Idea and here’s why:*You pay about 20% above the typical rent for the house as well as option fees etc.*The agreed upon purchase price will be what the owner
Down Payment And Closing Costs
Dated: June 9 2020
Did you know that when you purchase a home, pay your down payment and closing costs, the money isn’t gone?!
You’re literally investing the money and flipping it!! Think of it as a forced saving accounts, just like when you enroll into your company’s 401k, Roth or any other investment retirement account.
A Home is the only investment you can live in and watch your money grow over time. This is one of best ways to create wealth and provide a better lifestyle for you and your family.
I have a few clients that purchased homes a little over 3 years ago and have already made their initial investment back 3 Times over in equity. Now that’s a smart money move!! 😎
I purchased my first home as a single mother in my early 20's, so I know the fears, the anxiety and the financial responsibility that comes with such a large purchase. But I also know the pride, joy a....