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Updated about 10 years ago on . Most recent reply

User Stats

429
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143
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Mark Douglas
  • Investor
  • Nashville, TN
143
Votes |
429
Posts

Should I Stay or Should I Go?

Mark Douglas
  • Investor
  • Nashville, TN
Posted

No pun intended.  

I'm currently throwing away money renting an apartment.  Looking for a duplex to purchase, however I've got a meager (at best) emergency fund.  If I stay for another 6 month lease I'm out $4,500, but if I stay in the hopes to "save up some more", I'll only save about $2,300.  

I don't want to buy a duplex and shell out for repairs on day one, without a decent emergency/maintenance fund in place. 

(Lease is up in 2 months.....need to give 60 day notice, if applicable, in the next week or so..)

Not sure what the smart move is, if there is one. 

Anyone have some advice?  

Thanks in advance!

Mark

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