What Would You Do In My Situation??
Ok, real quick. I am 28. I am a full-time student (just recently was working full time in computers). I receive monthly royalty checks. they range from 1k to 2.5k lately. I have about 15k saved and will be getting another 12 to 20k from some land in Indiana we are selling. I rent and pay $800 a month. I really hate paying this and think maybe it is the time to buy my first home. I live in NNJ and it is very pricy. I plan to work p/t next semester to better my chances at qualifying for a mortgage. So, what would you all do in my situation?? If you need anymore info please ask.
any suggestions??
Not sure how you are going to meet mortgage requirements as your income seems pretty non-existant. Without a JOB you are going to have to fall into a deal.
If you want CREI to pay for your house I would start by being a bird-dog and earning referral fees. You are going to need to pay almost all cash for the property with little credit history and/or no present income.
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Hope this Helps!
Bill[ Edited by telemon on Date 01/07/2004 ]
If you like where you live now if not an apartment see if you can buy it . A lot of deals you can make with that kind of money. Lease option for a year or two, buy subject2 or owner finance. I do not know the market there but there are always too many deals and not enough money here. It is a buyers market but I still find deals for 70% of retail. Let me know if I can help in any way
Good LUCK and Thank You
Hope this helps some
Ted Jr