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Reply to "how the hades did you save a six figure deposit?!"
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[quote=Anonymous]We scraped together 5% for a fixer upper in 2003 (it cost $285K). Sold that a few years later for a $140k profit (we renovated it ourselves). A few years later, put 20% down on our current house (600k). It was a lot of hard work plus good market timing. For our first house, our combined incomes were about $115k, and we lived very cheaply, so without flipping that house I have no idea how we'd save for a 20% down payment. [/quote]
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