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Tyler Arentsen
  • New to Real Estate
  • New Baden, IL
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Graduating in 4 Days, Wanting to Buy a House ASAP: Breese, IL

Tyler Arentsen
  • New to Real Estate
  • New Baden, IL
Posted Dec 10 2019, 12:10

I am graduating with my bachelors with no debt on Saturday. I've been working since 16 and I have spent all my money on college, down to less than $1000 now. I found a house that I want to purchase, fix up, and rent. It is posted for $39,900. I have a solid government job and will get a $12,000 a year pay raise in a couple weeks. I can purchase this house in the beginning of February with a down payment of 10% but I want to buy this house before it gets sold(ASAP). 

My question is: is there a way I can get this house now or should I wait? What would EXPERIENCED investors do? 

Financial summary: I currently own half a house with my father and do not have a credit card yet. I could barrow money short term from my parents and pay them back in a couple months but I'm looking to do this independently. Money will not be an issue a month from now.

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