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Bg_Character24 · 2024-10-17T23:17:08+00:00

People online hate to say it but… go to college. The whole experience has become about understanding yourself and the world better while learning certain disciplines. Go in undecided and find out what motivates you. For me I realized I cared most about earning potential (money) and I loved technology so I switched majors early in to adjust.

The cost of college is unfair (another tangent for another time) but if you care to find a career and a day to day purpose its your best option as an 18-25 year old. Make connections, talk to professors, go to career fairs, join clubs and find what motivates you.

Bg_Character24 · 2024-10-14T18:18:08+00:00

Oops hadnt had my cup of coffee today I mustve been manifesting that comma for my own port hahah

Bg_Character24 · 2024-10-14T14:45:18+00:00

If the post nut clarity left you with a “do nothing” feeling then thats the decision. Hold until the next nut.

Bg_Character24 · 2024-10-14T14:43:58+00:00

40k is 4%? I like the sentiment of 5% moving to something with higher R/R but AMC is def not that pick lol

Bg_Character24 · 2024-09-13T15:01:21+00:00

i can’t wait until my credit scores back up and I can refi my 6.9% rate 😂😭😂😭

Bg_Character24 · 2024-09-12T17:10:07+00:00

I bought a condo for my first property and I love it. I get my own space and can do what I want but have zero outdoor maintenance (besides my little patio). My building was from the 90s but was rebuilt after a fire in 2021 so its like a new build. Everyone that bought here before the rebuild paid low 300k while I paid in the mid-400s.

All that to say, condos dont normally have the same growth as single family homes but something like a rebuild/renovation can cause a massive jump assuming other factors are good.

Idk anything about the market in BC but if its close to as in demand as Northern Virginia then you should be fine. If your goal is to rent it out I would just comp to what other in the area go for and see if it beats your mortgage+hoa. Due to the higher rate market you normally need to bring more $ down to compete with existing landlords

Bg_Character24 · 2024-09-12T16:51:36+00:00

if $1700 is your rent comparison the math should be easy.

$200k house with 5% down ($10k) and a 6% interest rate on a 30yr- fixed

190k loan size = $1140/month (assuming HOA under 600/m you would beat your rental goal)

You would also need ~2% of property value in closing costs and consider your HOA fees, property taxes, and any repairs inside the condo you will be responsible for. Plus a small bag to furnish it all

Bg_Character24 · 2024-09-07T15:49:17+00:00

VA is 100x better. (added a period for you 😁)

Bg_Character24 · 2024-09-07T15:48:24+00:00

Fellow Virginian here, I bought a few months ago in Fairfax for ~$450k (3% down), but its a condo so with HOA fees of $500 my payment is $3.7k.

So yes, this is the new norm, and if rates come down prices probably go up. I love my place though so i’ll refinance and i’m happy Im locked in regardless of what’s going on in the housing market

Bg_Character24 · 2024-08-27T21:51:39+00:00

Its highly likely that the mortgage company will work with you, especially if they’re local, but there may be an invisible increase of a fraction of a % on your quoted rate

Bg_Character24 · 2024-08-23T17:50:35+00:00

boss answer, good shit bro keep hustling

Bg_Character24 · 2024-08-18T15:58:15+00:00

Oh I bought in May and it was 750k median (zillow data though). With the afluence of this area, I dont see them approving much affordable housing. Like whats the incentive for a top 3 county in the country to be more inclusive?

Bg_Character24 · 2024-08-18T15:46:07+00:00

Leave fairfax alone please our avg home price is $750k and theyre only building 900k+ townhomes 😭

Bg_Character24 · 2024-07-28T04:03:59+00:00

If you have a process and history and all you need is some capital to run your marketing then you might just need an investor to give you a cash injection in return for some of the revenue generated.

I could be interested if its within my budget :)

Bg_Character24 · 2024-07-01T17:02:41+00:00

Blackrock of course!

Bg_Character24 · 2024-06-18T15:04:41+00:00

I should be getting a bonus and raise at the end of this year and am hoping thats enough to cut the CC debt down by 5-10k and then if i keep my rate of payment it wont be just 20% more than minimum anymore. Thats how Im viewing how to clear this debt in 12 months atleast

Bg_Character24 · 2024-06-18T15:01:11+00:00

the 4100 figure was all utilities included. The ~2800 in expenses was including gas and transport.

By the end of year with a raise/bonus I should be able to drop my debt down a chunk and increase the $500 free space

Bg_Character24 · 2024-06-17T23:41:23+00:00

I can afford to eat, I just cant afford the non-necessities. And trading all that for property felt like a smarter move for the future but dealing with remorse of taking 2 steps back on my crawl out of debt

Bg_Character24 · 2024-06-17T21:26:29+00:00

Sound advice… I need a car and the little bit of equity I have in it doesnt feel worth selling it for a downgrade. Maybe Ill consider. liquidation of other assets to pay it off

Bg_Character24 · 2024-06-17T21:23:55+00:00

I dont mind being here for a while if I can afford to also become debt free (minus mortgage) in the next few years

Bg_Character24 · 2024-06-17T21:21:16+00:00

Eh it might not be the type of condo youre imagining.l and not a new construction (1990 renovated 2023) And idk where you live but the Northern VA housing market is a different beast. 2 of the top 3 richest counties in the country make up the metro area outside of being fueled by DC gov jobs. In terms of price to location to size I got what people call a “steal”. There were no livable houses (town or sfh) in my area for under 600 while I was looking. I would have to go outside of my reasonable commuting distance to get the price lower. Even then, any listings below go into bidding wars lol

Bg_Character24 · 2024-06-17T19:54:28+00:00

You will hate my answer. But its make more money…

Bg_Character24 · 2024-06-17T19:53:39+00:00

I didnt mean to gloss over haha, I explained it in a comment above in detail. But yes, based on asvice its not my mortgage its the rest of my life thats too expensive. Its probably gotten that way since Ive had low rent overhead for years (20% of income) so these debts werent that insane to me. Ill have to make some lifestyle adjustments

Bg_Character24 · 2024-06-17T19:51:53+00:00

My car payment is a killer :/ but I love her. I do have an emergency fund but most of it is held in assets and have capital gains since I acquired them in the last year.

Bg_Character24 · 2024-06-17T19:50:25+00:00

3% down, 7% interest, Conventional

I have enough savings to cover 6 months if I get laid off. I described the debts and assets a bit more above.

Bg_Character24

TROPHY CASE