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Contuine Renting Apartment? Buy Condo/Starter? Or Build ADU on parent's property?
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25 years old, making about $45k, just started a Masters program so after I finish will hopefully be making more. edit I forgot to mention I only have $20k in student loans but that may increase a bit (no more than 10k more). I currently rent a 1 bedroom apartment at $900/mo.

I've been thinking of investing in a 1BR condo. 200k is about right for my area. Alternatively I maybe able to build a 1BR Accessory Dwelling Unit (ADU) on my parent's property. Would be about the same, maybe a little less.

Either way i would need to get a mortgage obviously. and i plan to only live in it for no more than 10 years. Upon which I'll either sell it or in the case of an ADU on my parent's house, rent it out and buy a legit permanent home.

Third option is to just continue renting for the next 10 years until I just buy my permanent home.

Let me hear some opinions

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Posted
7 years ago