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-   -   I want to own not rent (http://archives1.twoplustwo.com/showthread.php?t=443609)

Eegs 07-05-2007 12:53 PM

I want to own not rent
 
I live in an apartment and my lease is up in August. I'm finishing up my last year of college and I don't want to pay rent. What are my options?

Butcho22 07-05-2007 12:55 PM

Re: I want to own not rent
 
I got you

Sponger. 07-05-2007 12:56 PM

Re: I want to own not rent
 
Move back in with your parents?

I mean, I don't get it. You want to own and not rent. You don't want to pay rent. Buy a house?

Eegs 07-05-2007 12:58 PM

Re: I want to own not rent
 
[ QUOTE ]
Move back in with your parents?

I mean, I don't get it. You want to own and not rent. You don't want to pay rent. Buy a house?

[/ QUOTE ]

basically I don't know the first step in trying to buy/own property. What's the first step? Where can I learn more?

curtis012 07-05-2007 01:00 PM

Re: I want to own not rent
 
Try having money, that'd be the first step.

JasonK 07-05-2007 01:05 PM

Re: I want to own not rent
 
Get pre-approved for a mortgage so you know what price range you can afford. Then find houses you like and lowball them.

otnemem 07-05-2007 01:10 PM

Re: I want to own not rent
 
Depending on where you live, you might qualify for a low down payment mortgage as a first-time home buyer. You still need money for the downpayment, and you should understand that your monthly payments will likely be higher than when you were renting. But seriously, [censored] google it.

AbreuTime 07-05-2007 01:13 PM

Re: I want to own not rent
 
[ QUOTE ]
Get pre-approved for a mortgage so you know what price range you can afford. Then find houses you like and lowball them.

[/ QUOTE ]
If you are very unsure of what you're doing, I would find someone you know who has bought a house (uncle/aunt, parent), and ask them. Or, head to the local library and check out "House Buying for Dummies."

tpir 07-05-2007 01:15 PM

Re: I want to own not rent
 
[ QUOTE ]
I don't want to pay rent. What are my options?

[/ QUOTE ]
1) Squat
2) Buy
3) Rent but bail on the checks

good luck!

econophile 07-05-2007 01:35 PM

Re: I want to own not rent
 
lolwhereisidi?


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