As the title suggests, I have finally gotten a real job and will be making $35k a year, which is a lot for me. I am still a student, graduating next spring. As of right now, I am lucky enough that my only expenses are car insurance and phone bill, which is just under $200, plus gas money. I have three cars that I paid cash for and about $7k in saving. My only debt will be student loans, which my parents have generously decided to pay for me. However, some of the student loans will still be in my name.
My goal that I would love advice on is to have my own house by the time I'm 25. My first concern is trade lines. My only payment history is with an auto lease that I co-signed with my dad. It was a three year lease that I gave back when I was 21. Other than that, I don't have trade lines. I don't even own a credit card. Will this matter a lot when applying for a mortgage?
Also, knowing it won't happen for a few years, what kind of home buying advice should I know? As of right now, my checklist for buying a house includes very little. I know I want a garage, I don't want a fixer-upper, I want it to be small, and I don't want to spend more than $200k. I think this is possible here in Michigan
Anyways, hopefully my plan makes sense and is reasonable. Any input would be awesome, I am no financial expert, I'm just cheap.
Thanks!
Submitted July 15, 2018 at 11:21PM by ToasterInOver https://ift.tt/2NQ45F8
