Quote:
Originally Posted by Realtor 1
-Taking on a room mate leads to more issues than it would if you just purchased a place you could afford on your own.
- Why prepare to live in the place for 5 years. My last 2 foreclosures will see at least $30,000 in instant equity. Why wouldnt they sell in a couple years if there was a life change.
|
$30,000 in instant equity?
1. What about Realtor fees when he goes to sell?
2. Legal Fees
3. Mortgage Penalties
Are you also guaranteeing that the market has bottomed out? That $30,000 in instant equity will dry up pretty quick in two years if the market consistently adjusts downwards in addition to the added costs of my 3 points.
