- 860
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- Joined
- Jun 5, 2010
Topic
I wrote down some goals (short and long-term).
Just realized I won't be able to move out (buy a home) until maybe 30 years old.
I can probably only save like 5-7 Gs a year.
I pay 1G in rent each month cus my Grandma is mentally disabled aka she can't stop spending her credit card money.
I don't know much about real estate but heard down payments are like 20% of the cost of the home or something.
If I plan to buy a duplex which cost $350,000 not including the cost of borrowing money.. 20% of that is 70Gs
I would have to save for 8-9 years.
My thought process is I'm disregard female and acquire money but...
If I do try to take a girl home to my Grandmas house she gonna str8 up think Imma loser.
I need my own place but I want to avoid paying rent and leaving my Grandma cus she gonna be homeless and I do love her.
I want to buy a duplex so she can live in the back while I live in the front.. I'll just pay for both houses.
I am black and 15 years old. I'm just trying to figure stuff out financially... but my dad left my fam when he found out my moms was preg.
The internet is my only resource for knowledge so I need yalls help on this. Please give me some insight thanks.
Sorry no cliffs cus I'm rambling.
I wrote down some goals (short and long-term).
Just realized I won't be able to move out (buy a home) until maybe 30 years old.
I can probably only save like 5-7 Gs a year.
I pay 1G in rent each month cus my Grandma is mentally disabled aka she can't stop spending her credit card money.
I don't know much about real estate but heard down payments are like 20% of the cost of the home or something.
If I plan to buy a duplex which cost $350,000 not including the cost of borrowing money.. 20% of that is 70Gs
I would have to save for 8-9 years.
My thought process is I'm disregard female and acquire money but...
If I do try to take a girl home to my Grandmas house she gonna str8 up think Imma loser.
I need my own place but I want to avoid paying rent and leaving my Grandma cus she gonna be homeless and I do love her.
I want to buy a duplex so she can live in the back while I live in the front.. I'll just pay for both houses.
I am black and 15 years old. I'm just trying to figure stuff out financially... but my dad left my fam when he found out my moms was preg.
The internet is my only resource for knowledge so I need yalls help on this. Please give me some insight thanks.
Sorry no cliffs cus I'm rambling.