Ma dukes rushing me to buy a crib

[GrindtooFilthy]

Self-explanatory

Ma dukes forcing me to buy 2 family house for rental property, house is $700K

I genuinely don’t feel ready to buy a house but she’s trying to force a down payment for me…

Good or bad idea

 

[Born2BKing]

700k? Thats it? Step your game up, this is the Coli you peasant.

 

[RiverCity916]

How old are you? How does your mom force you(a grown man) to do anything?

 

[RiverCity916]

@Wild self we bout to have another one...

 

[GrindtooFilthy]

How old are you? How does your mom force you(a grown man) to do anything?

29 not forcing me per se but she’s been on my head about buying a crib and I’m genuinely just not interested right now

@Wild self we bout to have another one...

It’s not looking good bruh

 

[lightskin jermaine]

If you don't have any debt and can afford to do it idk see why not.

 

[Menna]

a $700k 2 family where you are living on one side or one part and the other part is paying your bills I assume is the dynamic here.

You said down payment....to me this is a problem at current.... you arent going to find rates under 6% anywhere and thats if your credit is 750+ not saying its not just mentioning it because average 20 year something old credit is not 750+

I would wait 18 months save more so you have more to put down and do it and get the home at 4-5%...The fed said they are lowering rates 3x this year so why not wait till sometime in 2025??? If you buy at 29 at 6.5% or at 31 at 4.25% the rate will make a big difference but the age wont.

 

[Roid Jones]

Do it

 

[GrindtooFilthy]

If you don't have any debt and can afford to do it idk see why not.

Here’s the thing I was trying to clear my student loans and my car debt then she came with this bullshyt

a $700k 2 family where you are living on one side or one part and the other part is paying your bills I assume is the dynamic here.

You said down payment....to me this is a problem at current.... you arent going to find rates under 6% anywhere and thats if your credit is 750+ not saying its not just mentioning it because average 20 year something old credit is not 750+

I would wait 18 months save more so you have more to put down and do it and get the home at 4-5%...The fed said they are lowering rates 3x this year so why not wait till sometime in 2025??? If you buy at 29 at 6.5% or at 31 at 4.25% the rate will make a big difference but the age wont.

1. Both sides will be rented I'll be living with them
2. my credit score is so trash because i was unemployed last year, think im at like 600

 

[Buddy]

She's thinking long term.
Your reason not to (if you commit to it) will need to be in the same vein.

 

[True Darkseid]

In this market, not a good idea. This is fully a sellers market right now. Your taxes and interest rates on that would have you upside down later down the line. Save your credit and money for now. It's hard finding buyers and renters in this market right now waiting would benefit you more right now.

 

[987654321]

Here’s the thing I was trying to clear my student loans and my car debt then she came with this bullshyt

1. Both sides will be rented I'll be living with them
2. my credit score is so trash because i was unemployed last year, think im at like 600

You may have a hard time finding a lender under 620-640.

If she’s partnering up with you (taking the lead), and you both have a lot of cash to put down, go for it if it makes sense.

Rates are going to be dropping though.

 

[maxamusa]

Nobody is ever "ready" for anything.

 

[Sad Bunny]

That’s weird as hell.

I wish somebody would try to force me into something as serious as that.

And with these rates 700K probably more than 5K a month

 

[MajesticLion]

She doesn't want you straying anywhere


You're going to get hammered on financing with that credit score, that's as good a reason to wait as any.