Almost, anyway.
Subjects have finally been removed on my offer to purchase a small 1-year old apartment in Surrey, near Central City.
Possession won't be till the end of February, but essentially I'm committed to it now. A $10,000 down payment has already gone out, and since I'm buying the whole thing on credit, the interest clock has already started ticking. I have about 3 months to do what I can to pay down as much of the line of credit as I can while still living at home.
Honestly, I don't know if I'm just going to end up moving back a month after I move out, either because of financial issues, or my mom's health, or having to help her out because she's essentially illiterate.
I guess we'll see.
And after six months of living in it, the plan will be to see if I can flip it for a modest profit, and start all over again but with less credit for the down payment.
So here we go on the real estate rollercoaster! Wee!
Subjects have finally been removed on my offer to purchase a small 1-year old apartment in Surrey, near Central City.
Possession won't be till the end of February, but essentially I'm committed to it now. A $10,000 down payment has already gone out, and since I'm buying the whole thing on credit, the interest clock has already started ticking. I have about 3 months to do what I can to pay down as much of the line of credit as I can while still living at home.
Honestly, I don't know if I'm just going to end up moving back a month after I move out, either because of financial issues, or my mom's health, or having to help her out because she's essentially illiterate.
I guess we'll see.
And after six months of living in it, the plan will be to see if I can flip it for a modest profit, and start all over again but with less credit for the down payment.
So here we go on the real estate rollercoaster! Wee!
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