Question

What is a Starter Home & can you own 1?

I'm in Houston, Texas. This Starter Home is $80,000 & it looks like new inside. I have the full $80,000 to buy it, but i'm not sure Help?

13 months ago - 1 answers

Best Answer

Chosen by Asker

If you have the cash then you can buy it. I would suggest with interest rates being so low that you make a 35% down non-qualifying loan. Take the money left and invest it in something that earns a high return than the interest rate. Maybe a down payment on some rental properties. Always pay for a property inspection before buying. Make it part of the purchasing contract. You never know whats behind the walls or if the foundation is faulty. Good Luck!

13 months ago