Chick with pets
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The first thing to do when you get your paycheck is ALWAYS pay yourself first. Whether its 20 or $50.00. Take the money and put it in the back. The rest is for bills. You can also look for a home that has perks such as seller pays all closing costs, seller will let you lease purchase. Find a good Realtor, a really honest one. Tell him exactly what you are looking for and your income. They will start to look for a house where some sort of financing will get you in. Also, maybe think about buying a double house (duplex) where you can rent the other half out for enough to pay the mortgage. Maybe find a roommate after you find a house and charge them a good amount of rent to help with the mortgage payments. They also are now offering 40 and 50 year mortgages. Buy the worst house in the best neighborhood and then spend the next few years fixing it up. It will give you a great return. We bought a very inexpensive first home, did minimum cosmetic repairs and sold it 2 years later for twice the amount. We took the extra money and used that for a down payment on a small but nicer home in a great location. A couple updates and again, in 2 years sold it for a profit of $50,000.00. Put that towards a farm and our payment were very low. Actually paid it off in less than 15 years. Hope this helps. |
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mel
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agreed. it's getting harder.
That's why I dumped all my credit cards. |
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rozelyn
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I feel you on that topic, but it's not impossible. I had my home built at 23 years old and I'm single. It's not a mansion, but it's cute and affordable. I also live in Louisiana so it depends on where you live and what you make. I think if it wasn't for a VA loan I wouldn't have made the move so early. Sallie Mae and homes for humanity will help you out with getting an affordable home. Check them out. It's worth it. |
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mstrobert
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like I did. spend less than you bring in, and save money for the down payment. |
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Lianne
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I've been feeling the same way. It's not easy, but It's possible though, it may take a long time but it can be done. Work on a budget and focus on saving money. There are programs for first time home buyers, there's even down-payment assistance programs and there are grants and a bunch of other resources, it;s just a matter of finding out what is available to you and qualifying for it. |
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Stac
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I feel for you, am married and we can't afford to buy a home.
The rich keekp getting rich |
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cinmoncandle
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sure is, i have no idea, and i am in the same boat as you , i wish luck to you if you wish luck to me !! |
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NONAME
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The middle class is shrinking, thank Congress. You are just going to have to bust your *** and do the best you can. |
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pete samui
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I agree especially in big cities or towns where the only jobs are. |
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Leito
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I totally agree, life is soo expensive. People need to either start saving at a young age, have rich parents, or marry someone with money. Either that or spend a fortune in school and get a good paying job, then pay back your debt then have money ! lol
life kinda sucks sometimes when you think of things like that |
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Lisa T
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If you are a first time homebuyer there are many loans available with no down payment. You can also have the seller pay closing costs so that you get into the home for nothing. Talk to a Realtor, they are skilled at finding a way to help you. Good luck! |
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Lee
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As for myself, I have not been able to do it yet. But I have been looking, and doing searches for government grants and free money through them. I have found alot of info that way, and there is alot of money out there for us single moms to start a buisness, and federal low income loans for housing. You just have to dig through thusands and thousands of different grants. |
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curious115
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honey...real good news...it is a buyers market...find a Realtor who can help you with Salley May...or HUD. be prepared to find something that needs tlc, and learn how to do it...start looking today, and you may soon find yourself a new slightly used home of your own. |
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dshcpa
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Yeah, buying your first house is almost always an accomplishment for most people but not many actually own it. They are making monthly mortgage payments and then after many years may actually then wholly own the house, but considering most people come out of college with tens of thousands of dollars in student loans and then are faced w/mortgage payments or even rent, immediately after the loans are paid off or often even while you are still paying loans, it is amazing... |
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mikenorrisonline
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Can ounly be done with sound money magagement. |
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friend
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This doesn’t sound very glamorous but one way is to deny yourself all the fun stuff for a couple of years while you work and save and work and save. If you rent a room rather than an apartment that will save a lot. If you cut the extras and live without cable and you don’t go out but instead work a part-time job in addition to your regular job, you’d be surprised how a little salary can really add up quickly. I lived without a TV set for a couple of years and it was not as big of a deal as one might imagine. I worked pretty much 24/7 so I didn’t really have time to watch TV anyway. That lifestyle is not a good one for long term but it really does work to get started in life. It’s amazing how much money will start piling up if you just don’t shop, don’t party, just work-work-work. As you can tell I’m a whole bunch of fun. Ha. I gave up that hard-working lifestyle long ago but it worked when I did it. |
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chana
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Here's an idea: Buy a house and rent out rooms in it to other single people. It's not too hard to get a loan these days, and you can also get 100% financing in a lot of cases. Then, if the mortgage is too much, you have renters in there helping you pay it. If you buy well, your house should appreciate, and you can make some money that way, and use that for a down payment on your next home if that's what you wanted to do. It can be tough to buy a home as a single person, but it isn't any easier as a married person with kids and one income, so be glad that you don't have those extra expenses! |
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eric l
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You begin by putting at least 10% of your income into a separate account, every time you get paid. It will not be missed; for you will find that your spending habits will conform to your available cash. 10-20 % doesn't seem like very much savings-wise, but there are many opportunities to purchase no down payment homes; the 10-20% will eventually be enough to cover the closing costs. |
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Button Face
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i do not have an answer
but i am just happy to rent and owe no money to anyone!!
i save all my extra money....for a later day in a high interest savings accout instead
i do not put money into un-insured retirement plans.in fact i do not even have a retirement account !!!
i just save $$
and it is a good feeling, who says you have to own a house? this is just the North American way..not all countries live like that
in some places lots of people rent.. their whole lives. |
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J33317
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you need agrant from USA GOVERMANT 2174 46-3 49 4790
OR TRY SELLIN LEMON AID
CREDIT U NEED CREDIT BUILD CREDIT |
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hot_tamale962
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I would think single people have it eaisier hum... maybe you need a higher paying job |
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