Originally Posted by
brtecson
I bought my "house" (4 unit apartment building) about a year and a half ago and I'm pretty happy with it. I'm generating a positive cash flow with the other three units, parking and laundry. I'm pretty sure that I'm upside down in the mortgage but it doesn't matter much to me at this point. I'm just saving up so I can buy my own "real" house, and I plan on keeping this place for a long time. The downside is that I still live in an apartment building, and I have to be the guy that fixes stuff and unlock doors when people lock themselves out and stuff.
welcome to the world of being a landlord :rofl:
at lease you're in the same unit try driving across town:dunno:
Things are pretty rough out there right now!
My brother in law and his wife have not paid there mortgage in 1 1/2 waiting on a loan modification.
The bank finally got around to it last week.
They drop his payments almost by 1200.00
Like somebody said above me "now is a good time to buy"!
Just make sure its a place that you love and plan on keeping for 10-15 years.
For those people standing on the sidelines waiting for another drop!
"Quit watching the fucking evening news and buy something"