: Aim to spend no more than 30% of your gross monthly income on housing costs (mortgage, taxes, and fees).
Don't rush into the first place you see. Evaluate the "asset" inside and out. buying first apartment
Congratulations on deciding to buy your first apartment! This milestone is both exciting and a massive learning curve. Whether you are looking for a personal home or an investment property, the process requires careful financial planning and thorough due diligence. : Aim to spend no more than 30%
Before looking at listings, you need to understand exactly what you can afford. Congratulations on deciding to buy your first apartment
: You should aim for a down payment of at least 20% to avoid private mortgage insurance and secure better loan terms, though some programs allow for as little as 5% plus closing costs.
Looking to buy my first apartment complex. : r/realestateinvesting