Thwy for details.
I can’t sleep. I feel like I fucked up somewhere. It’s too good to be true. People around me who make 75k+ are complaining that they’re forever priced out of owning real estate, so how could my broke ass manage with a measly 45k income?
I must be missing something. Is the area significantly worse than I remember? Am I underestimating general expenses? What terrible flaw is the building hiding ?
To give the numbers: 2bed 1 bath, purchase price: 250k, down payment 55k, mortgage $900/mo, condo fees $500/mo (all inc).
Income: monthly take home is about 2700/mo. I’m planning to either rent out the second bedroom or put the place up on Airbnb on weekends, which I think will net an extra $500-600/mo.
Expenses currently are limited to student loan repayments ($300/mo), and the occasional takeout/little treat purchase ($100-ish, per Mint) but will probably be around $600 more once I move out and need to be paying for general life necessities (food, transport, internet, toiletries, meds...).
The math should work out but I feel like I’m looking up at the sky and missing a canyon.
Submitted June 28, 2021 at 04:26AM by del_et_ed https://ift.tt/3gZ7QbW
