#house

What to do with inherited house

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What to do with inherited house I’m looking for advice on what to do with a home my husband and his brother just inherited. The home is estimated at 400k. We used my husbands mothers life insurance to pay it off. The home is a 4 bed/3 bath. It is located in a rural area. We think it may have some issues with the roof and possibly foundation, in addition to cosmetic interior is…

Reddit Personal Finance 714 2025-01-05

Rent a room, house or try to buy with a friend?

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Rent a room, house or try to buy with a friend? I lived in a rental house for 10 years and kept asking the landlords if I could buy it. They always said no until the prices spiked in the last few years. Last spring they gave notice to vacate. Unfortunately I came at a very bad time for me. I had a few medical issues plus the worst year of my business in years. The good news is my emergency fu…

Reddit Personal Finance 560 2025-01-05

Is the house worth it?

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Is the house worth it? Basically me and my buddy wanted to get a house. Got approved for 170k. Found a place for 158k with another buyer making an offer already. We offered 168k. Found out it needed a lot of repairs. Got a quote on the repairs for 7.5k. Told the seller we will still do 168k if they give us 5k for closing costs and 6k for repairs. The seller agreed. Th…

Reddit Personal Finance 443 2025-01-04

Is it a terrible idea to sell our house while we relocate and rent?

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Is it a terrible idea to sell our house while we relocate and rent? My family is relocating to Seattle from out of state. We have two young kids (3 and 4) so only one of us can work full time and our savings has slowly dwindled over the last couple years. We are definitely moving and renting in Seattle and will hopefully purchase something when the kids are older and we are both back to working full time. The op…

Reddit Personal Finance 1.2k 2025-01-03

Should I buy the house I’m renting?

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Should I buy the house I’m renting? My husband and I were living with my parents for several years while I dealt with a serious illness but last year we started renting a house from a family friend for $1700 a month. It’s a small 3 bedroom ranch built in the 50s but it had a finished basement and huge laundry room and woodshop. My only real complaints are there is only one bathroo…

Reddit Personal Finance 415 2025-01-02

Start saving for a house down payment or pay off student loans

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Start saving for a house down payment or pay off student loans I’ve been focused on paying off my student loans for the past year using the avalanche method but I’m planning on buying a house with my fiancé in the next 1.5-2 years and I’m not sure if I should keep prioritizing my student loans or start saving for a down payment. Current Salary: $175,000 (~$10,000 take home every month) • Federal Student Loa…

Reddit Personal Finance 360 2025-01-01

30 yo, saving for house and retirement track

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30 yo, saving for house and retirement track I’m 30 yo, single, and wanting to save for a $350-400k house as well as retire by 65. How am I doing? Salary: $75k after taxes Roth IRA balance: $70k Emergency fund savings: $6k Current living: $1750/mo for rent + utilities Health insurance: $300/mo Discretionary spending: $500-700/mo (I’m hoping to spend around $500) I have no debt and would li…

Reddit Personal Finance 1.3k 2024-12-30

To pay off car or use for down payment on house?

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To pay off car or use for down payment on house? Good afternoon, here’s my question. I’m due to receive roughly 90k in the coming months. We are renters now and planning on moving in June to Denver for work. We just bought a new car with a monthly payment of around $700a month. I have a solid income so money isn’t tight but just curious if that 90k would be best spent completely for a down pay…

Reddit Personal Finance 666 2024-12-30