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Reply to "how the hades did you save a six figure deposit?!"
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[quote=Anonymous]I bought a little condo at 31 which is rented out right now. It'll be paid off any time now and that's my $200k. I was a foreign student before and couldn't get a loan with my visa. I wasted ca 10 years paying rent. With my own condo, I could rent it out or move friends in to help me pay rent any time. Met DH when he was 38 he had $0 savings and had never owned a property. He bought a condo 2014 in DC and we have about $50k equity in it right now. We have been unable to save just like you unless we were forced to pay mortgage. I put 10% down on mine and he put 5% down on his. My sister lived at parent-in-laws townhouse for 10 years paying rent and they returned portion of it and that's how they were able to afford their home in Fairfax.[/quote]
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