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Updated almost 19 years ago on . Most recent reply

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Jay G
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41
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Living Quarters

Jay G
Posted

Hi everyone,

I have a few general question in regards to purchasing a house or condo. I’m twenty four years of age, an avid entrepreneur, which means I don’t have a substantial amount of time to dedicate into my home (lawn maintenance, painting, etc). I also like to keep a majority of my capital liquid, due to future investments.

It is uncertain of how long I will stay in Florida, I’m estimating 3-4 years. I’m trying to determine what is the best way to approach this situation.

Should I A.) Buy home? Or B.)Buy a condo?

How should I finance? A.) Buy under interest only B.) 5/1 ARM? C.) ????

Sorry guys I’m a complete novice at this, I will greatly appreciate any information provided.

Thanks

-Jay.

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