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Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39211025 added 04-28-2011 3:44 PM by General Ghoul in Archived Deals
That's what a lease is for, to protect both parties.
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39227851 added 04-29-2011 9:58 AM by kilacam19 in Archived Deals
Yeah your going to need to keep up on the weeds. I live in New Mexico and have crabgrass grow in my rocks. You can pull them out by the root or just spray with some weed killer.
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39155921 added 04-26-2011 4:23 PM by z2g in Archived Deals
OP, Now, I think it's awesome to have the opportunity to start investing so early on. However, considering it's medical school, I think it's best not to invest in a house now. That's a lot of...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39187643 added 04-27-2011 6:43 PM by keokeo in Archived Deals
Medical school is a long way. From the sound of it, own and lease is better than rent. But remember leasing is not a sure thing. I hope you know what you doing because medical school is a hard...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39196033 added 04-28-2011 5:04 AM by slapshot136 in Archived Deals
also consider the tenants might be gone for 2-3 months during the summer, expect to not pay rent, yet keep all their stuff there for when they come back (i.e. not let you rent it out) I think the...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39142285 added 04-26-2011 7:53 AM by ah6tyfour in Archived Deals
I haven't actually looked at places yet. Still in the process of securing the loan pre-approval. But I thought almost every place would be FHA approvable. They just had to do an inspection to make...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39157527 added 04-26-2011 5:41 PM by SDRebel in Archived Deals
As long as you consider that owning involves a lot more time needed from you, as opposed to renting, then it seems that the money equation does play in your favor in this case. by the way, don't...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39211995 added 04-28-2011 4:38 PM by Boomancini in Archived Deals
Your loan would have MI on it now. They just changed it.
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39203151 added 04-28-2011 10:33 AM by ah6tyfour in Archived Deals
I'll be going to school outside of Las Vegas (Henderson). I doubt the housing market will recover enough for home prices to go up within four years, so I'd really have to keep the place if I decide...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39147919 added 04-26-2011 11:14 AM by tonysesame in Archived Deals
you can search for FHA approved condo status here: https://entp.hud.gov/idapp/html/condlook.cfm Another consideration is that you are only going to be in the property while you're in school. ...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39141507 added 04-26-2011 7:26 AM by ah6tyfour in Archived Deals
I will be attending medical school in the fall. I'm going back and forth between the pros and cons of renting vs. owning in the area. To me, owning seems like the better idea, but I am young and...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39142969 added 04-26-2011 8:17 AM by lipagold in Archived Deals
the mortgage company might try to get the individual unit approved for the FHA loan which might take longer if successful, or better still, buy the unit in one of the complexes that have been...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39142087 added 04-26-2011 7:48 AM by lipagold in Archived Deals
is the house/condo fha approved? if not, you won't be able to finance it with the fha loan, even if you qualify for one
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39193137 added 04-27-2011 11:02 PM by BeckhamsTears in Archived Deals
Income from rentals, thus can take advantage of tax benefits?
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39193391 added 04-27-2011 11:24 PM by lettherebeme in Archived Deals
Assuming the numbers shown and finding legitimate tenants is no problem, seems like buying should be a no brainer.
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39199697 added 04-28-2011 8:15 AM by troutmd in Archived Deals
Where are you going to medical school at? Is it a place with affordable housing and a decent economy? I started medical school 8 years ago, I bought a home for right at 50K.. I put some sweat...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39215487 added 04-28-2011 7:27 PM by rrc06 in Archived Deals
Med school is 4 years long, and in this housing market (in general), it's a bad idea to own a property for that short a time IMO (it's never a good idea in general when it's
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39155031 added 04-26-2011 3:44 PM by ah6tyfour in Archived Deals
Thanks, I just gave it a try and looks like there are a few (~20) condos that are approved. I'm trying mainly to find a single family house instead of a condo, mainly because I don't want to pay...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39183303 added 04-27-2011 3:27 PM by General Ghoul in Archived Deals
And don't forget the tax advantages of owning. All mortgage interest, up front points, closing costs, PMI, and property taxes are all deductible. By increasing the number of dependents on your W2,...
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39200283 added 04-28-2011 8:38 AM by BeckhamsTears in Archived Deals
the housing bubble was awesome, wasn't it!?! :woot: oh, nevermind :omg:
Entering medical school this fall: Rent apt or buy house?
Expired
Thread created 04-26-2011 by ah6tyfour
0 Score 21 Replies 18,902 Views
Post #39141613 added 04-26-2011 7:30 AM by SnakePlisken in Archived Deals
buy, refrigerators rarely break & if it does, just sell it on craigslist

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