Updated about 10 years ago on . Most recent reply
How to invest 10000
#AskBP Hey there BP, I have ten thousand, and I want to know if I should put that down as down payment on a 60000 dollar duplex, or just put half down? The duplex does need a lot of work I would say at the most 15000, to make it look really good or just decent 5000. thanks, also I'm only 19 turning 20 in six months. And my credit is 710 but not enough history. So I don't know how good that would get me on interest rates. And it's located about half a mile from a University Area so it's a good location.
Most Popular Reply
According to my mortgage broker, your credit score is directly tied to the interest rate you get. @Colin Smith has a good suggestion of trying to get your parents or someone with a more established credit score to co-sign with you. And a great suggestion of not putting in high end finishes if you are planning on renting to a college student.
