My brother just asked me if I would be interested in buying a 2 family house split between him, his gf, our mum, and me. Would this be considered a good opportunity? I'm worried that as a 23 year old who's yet to really start their career (I'm currently a research assistant and who plans to pursue a PhD in counseling psych) and who really doesn't have a sure idea of where they want to live for a substantial amount of time, that this is a big commitment. I thought about the ways this would be a pro like having security in housing in case I do lose my source of income. But it is also a big money commitment...and I have no clue about managing real estate either. I also have around $12k in student loans (3-4% interest) that I've been paying off. Could anyone suggest a blog, YouTuber or book to help me make a educated decision?
Just to add, I'm not worried about my bro separating with his gf (I'm expecting a niece in July!). I'm mainly worried about money and the commitment. Additionally, I live in an area where houses are pretty expensive, say $700,000-1,000,000 range
Submitted June 08, 2020 at 09:42PM by FroggyJoshy https://ift.tt/3f5Nzha
