Make money off your roommates
After graduation a lot of people are moving in with their friends and spliting the rent for the house or apartment. Here is a secret that I learn from several real estate investors. First never rent always buy, because when you rent you're just throwing away your money. Secondly find a home and purchase it under your name, then find several roommates and have them split the mortgage. This reduces your monthly payment or even elminate your montly payment all together, which leaves you with more playing money. Your roommates basically pay for your home.
Just something to keep in mind.
Just something to keep in mind.
2 Comments:
Lissy, Your making a good choice. Saving up to get your own house and since you work at Nationwide Inusurance you should know a lot about homes. Any how good luck with you new home and everything else.
I've heard that same strategy many times before. Since I'll be moving to Manhattan, however, I can't really afford to buy a place. Instead, the city will be taking away my money. I'd like to start saving and investing though.
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