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Thread: Thinking about buying a house or just stay with apt, dont know

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  1. #1
    Join Date
    Feb 2012
    Location
    AZ Side
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    12,815
    Quote Originally Posted by JohnnyVegas View Post
    I think property values are going to continue to go down unless you live in a unique market.

    Plus, if values do start to go up, it will be VERY slowly so you will be taking a risk for little return.

    I suppose it depends on the market you are in.

    I decided to invest all of my $ into a house. When my 1st house was going under and I the wife bounced I saved every cent I had until my foreclosure letter came. When it came, I already finished filing a BK to shovel off all of the debt me and the Axe Wife created. During this whole time I had a solid job and no bills, I saved back a fat wad of cash.

    Right when the notice came I went out and bought me a run down house in a great neighborhood. With the help of friends and people I traded labor with, within a year the place is fully restored and I own it free and clear. The last house next me sold for 50% more than I paid for mine and it looked like total shit.

    Put that in your pipe and smoke it FHA Financing.


    The market here in AZ is bouncing back hard. My original plan was to invest in a few houses, then I lost my job.

  2. #2
    Join Date
    Jun 2008
    Posts
    5,963
    Quote Originally Posted by samson_420 View Post
    I suppose it depends on the market you are in.

    I decided to invest all of my $ into a house. When my 1st house was going under and I the wife bounced I saved every cent I had until my foreclosure letter came. When it came, I already finished filing a BK to shovel off all of the debt me and the Axe Wife created. During this whole time I had a solid job and no bills, I saved back a fat wad of cash.

    Right when the notice came I went out and bought me a run down house in a great neighborhood. With the help of friends and people I traded labor with, within a year the place is fully restored and I own it free and clear. The last house next me sold for 50% more than I paid for mine and it looked like total shit.

    Put that in your pipe and smoke it FHA Financing.


    The market here in AZ is bouncing back hard. My original plan was to invest in a few houses, then I lost my job.
    awesome story man! great for you!!. where in az do you live?

  3. #3
    Join Date
    Feb 2012
    Location
    AZ Side
    Posts
    12,815
    Quote Originally Posted by warchild View Post
    awesome story man! great for you!!. where in az do you live?
    Straight up in central Chandler. The good part

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