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[quote=Anonymous]Found my dream house in the suburbs. Price $1.351M plus buyer wants me to cover first $30K of anything found on inspection. It’s 90y old and current residents have been there for 40 years. Has about a half acre; part of the house has a separate entrance and can be turned into a 1BR apt to rent for ~$1500/m tops. My finances: 50 yo single parent one tween Income $230K Net worth $3M all in (retirement, brokerage) 529 $60K of projected $120K cost (ex pays rest) Currently renting Can I afford this? Take home pay is about $10500/m after deductions. Would mean DP of about $750K then ~$5700/m plus utilities/maintenance. [/quote]
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