User Power
Value/Post Ratio
2%
- Oct 1, 2007
- 130
- 2
I currently live in an apartment paying $825 a month.
Plan A: Downsize my apartment since my lease is ending in a month and move to a cheaper apartment approx. $700 a month. That releases an extra $125 for me a month. I'm planning on saving money for a year and by the end of next year I'll have around $10k to put down on something.
Plan B: I can get a $0 down financing for a house through the VA loan. Thinking about living here for a year or two and then renting it out. In the mean time using the equity to put down on a rental property.
Any suggestions to my two plans or anything else?
Plan A: Downsize my apartment since my lease is ending in a month and move to a cheaper apartment approx. $700 a month. That releases an extra $125 for me a month. I'm planning on saving money for a year and by the end of next year I'll have around $10k to put down on something.
Plan B: I can get a $0 down financing for a house through the VA loan. Thinking about living here for a year or two and then renting it out. In the mean time using the equity to put down on a rental property.
Any suggestions to my two plans or anything else?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.