Ouch.
Renting has it's place for sure, but average rent prices at $2,000?
A little personal history about me. I didn't think I'd be able to purchase a home when I was younger. I had a bad credit report (I used to live life to the full capacity of my credit cards!), was in a job that paid the bills but didn't allow much for savings & honestly, I just didn't realize how financially beneficial it was for me to buy instead of rent.
If you are in the same situation, give me a call or message me. We can look at credit repair, down payment assistance, a variety of loans including low down payment loans and homes or condos in a price range that will keep your bank account happy. I'm a realtor who has some great contacts in those industries, as well as some personal background in buying with a low down payment after some credit repair work!
There are a few homes & condos on the market right now in the south suburbs under 300k, with some more recently that look like they have great potential under 200k. That should keep your mortgage payments under this $2,000 average rental market!
Want someone to help you find a home that you might not even have to pay your own portion of a mortage? I'm a huge advocate of buying something that you can partially rent out to help with the mortage payments. You could find a place with an extra bedroom, an in-law suite or a duplex... heck I've seen some sweet mixed use places that would be a great investment as well as a sweet place to live!
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