Planted Tank Enthusiast
Join Date: Dec 2009
Location: Queens Village NY
Jkan what do you have ?
I'm ordering some RCS from Epic.
Orchid, not much at all. It's long term investing so I didn't put so much as far as down payments. I put the minimum down, renovated and I will hold on to them till the right time. I rent with option to buy after two years. Usually the price of the house is not low enough for them to want to purchase so they usually just re-up the lease for another 2 years. This way I keep tenants there and once the market gets better I'll sell it. I bought my first house when I was 22 I think. I went half and half when I was only 19, with my father. It's not really something one can live off comfortably or at all most of the time.
Its always a good idea to buy a house if you can find the right place.