Here is my story. I graduated from university in 2014 and was very fortunate that my parents paid for tuition. They also taught me to work hard and save money to invest, so that's what I've been doing all my life. I stayed with them until September 2015, when I bought a 2-bedroom condo for $275,000. I would estimate that its current Fair Market Value is $290,000. My roommate is moving out in the summer, and I plan to buy another condo around that time.
Some additional facts: - I live in the Greater Boston Area in Massachusetts. - I make approx. $51,000 ($48,000 base salary + $3,000 bonus) - I make an additional $625 per month in rental income from my roommate ($7,500 per year). - I have saved over $50,000 in cash and it continues to grow. - Besides the mortgage, I have no other debt. - My FICO score is around 755.
Thank you all in advance for your advice.
Submitted January 22, 2017 at 11:43PM by bigcampy http://ift.tt/2kh0WyB
