Spot on. Houses are cheap, though, but you’ll have to get something like sub 800 square feet and in the shitty part of town. A broken-down house for 120k isn’t the greatest investment unless you have a warchest or great job to improve it. Even then, you’ll be fighting comps around your house that aren’t improved.
Single income isn’t cutting it with anything of quality or merit. You’ll have a roof over your head, but the timer starts. Improve or take a loss down the road.
Spot on. Houses are cheap, though, but you’ll have to get something like sub 800 square feet and in the shitty part of town. A broken-down house for 120k isn’t the greatest investment unless you have a warchest or great job to improve it. Even then, you’ll be fighting comps around your house that aren’t improved.
Single income isn’t cutting it with anything of quality or merit. You’ll have a roof over your head, but the timer starts. Improve or take a loss down the road.