1st time house buyer?

[pbnj22 10+ year member]

something like that only works with cities located near the water where the prices are high and will only get higher. Now i know people who buy a house then rent it for the same amount of the payments for it because it reduces the taxes owed to the government when your paying off a house. Infact my co-worker just paid off her house so now she has to buy another one and rent that one out to avoid the taxes (or something like that)

BUt be VERY carefull about getting a house with friends, i dont even like RENTING with friends.... thats fired on me a few times let alone a house lol...

well i currently do live on on a lake (one of the largest fresh water lakes in the world at that) i think even if we have a fight we would always be able to fill it with renters to basically take over our payments and build equity for us. I KNOW i would have no probem getting renters to fill the place for up to 10 years..

 

[bubbagumper6 5,000+ posts]

The problem with renting is it's not as simple as you think. You perceive finding the renters to be the hard part, well you can't just stick them in there and call it a day, YOU have to maintain the property brah...

 

[E-Rock 10+ year member]

I was about to rent a house with a few college buddies. Glad I am not doing that now. People are too flaky and these guys have financial problems. Then I realized that I like my privacy too.

Like others have said, it will just cause all kinds of drama down the line even if you think you know these guys well. Plus, its hard to make money on houses.

I'm moving out of my 1 bedroom apt, and getting a 2 bedroom duplex for just myself.

 

[Louisiana_CRX 5,000+ posts]

Do like me and pay cash for your home avoid debt.....

 

[pbnj22 10+ year member]

Do like me and pay cash for your home avoid debt.....

i guess ill start selling drugs and driving a cadi as well

 

[Louisiana_CRX 5,000+ posts]

i guess ill start selling drugs and driving a cadi as well

its only money and i dont drive a cadi i drive a Benz

 

[dragnix 5,000+ posts]

lol this is a troll......

I'm sure you would know something about that