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Reply to "Where do people keep these huge amounts for house down payments?"
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[quote=Anonymous]I'm not sure, but the first three houses I bought were through HUD and required absolutely no money down. I never had family money and my first apartment in the 90's when I was 19 was $410/month and it had a fireplace and it was beautiful. They raised my rent to $450 and I said, I'll just buy a house before I pay that. They were sh*it shows and I worked on fixing them up and then saving up the profits from selling them to keep moving up to better houses, which I am in now (and was a fixer upper but I could likely now sell for triple profit, but truth be told, I sold my eggs to a fertility clinic to raise funds for renovations). I went to Home Depot courses and learned how to do a lot of stuff - putting siding on myself, flooring, bathroom remodeling, taking out walls, etc, but I didn't have kids back then. It would 100% not have worked doing that if I had a kid/kids to look after. I just saw my second house on the market and was so stoked to see that the siding I installed by myself is still on it and looking great. Those Home Depot DIY classes are great. If you don't have family money and don't have kids, buy rehabs and fix them up while you live in them! LOL, one of the houses I bought didn't even have a toilet and I had to go to the McDonald's down the street to use the bathroom until I took the class at Home Depot and was able to install a toilet, and also new tile flooring.[/quote]
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