Quote:
Originally Posted by SumAznGuy
I agree with what has been said.
Ironically, the whole reason they own 2 condo's that are being rented out is because the husband felt they were behind financially and tried to rush things by buying 2 units. It's hard to grasp, I know. I feel the same way.
1 unit they put money down. The other unit is based on zero down. Both are 40 year mortgages from a few years ago.
And they are living at home because they want to save up and then move out, but with kids on the way, it looks as if the chance of them saving up enough money to move out is slim to none.
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If you don't mind me. I'm a fairly financial guy, (if you've been in the finance forums *shameless plug*). But if they bought few years ago, chances are they are still in the green, when it comes to those condos. If they want to move out, I would suggest selling of a condo and then living in other. This is the best way to ****LIVE WITHIN THEIR MEANS****. Investments can be had some other way, and yes they would probably have a DECENT but not a great profit from selling one of those condos.
Even as suggested they DP one, and Zero down one. It would tell me they do make very decent money. So yah,
As with anyone said before me. Pick the inconvience or move out =)