In 2004, I bought a rowhome in Philly for $15k straight cash homey...I used college refund checks, savings, and worked about 40 hours a wk while in school FT for a few months...this home is now rented out for $1400/month
In 2017, I bought a single in Northern VA for $325k (3.25% interest rate, put 10% down)...in 2021, I sold for $475k...made a nice piece of change
Last month, I bought a crib in DE for $590k, put 20% down...interest rate was 4.75%...I got lucky I locked in when I did...of course it was with a credit union
I also have 2 other investment properties in Philly, that I got for the low before the housing market frenzy
My best advice is start small & work your way up
Don't look at 3k square foot houses if you make under $100k...start off with that little townhouse...buy in an up & coming area...manage your money wisely...Americans are consumption addicts...learn how to eat at home more instead of eating out & ordering out...don't buy from Amazon if you don't need it...be responsible with credit cards...save 15% as soon as you get paid
