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Jack,
Some good valid points from everyone.
Either road you chose. Just do more research.
I was in similar shoes as you. Although I wasnt making 80k at 24..
Thats pretty impressive.
If you do have 100k saved up.
"consider" to put it on a downpayment for a smaller condo or older condo.
Your mortgage will be small and you can rent it out.
Possibly look into creating a incorporated business, there are tax benefits and expense benefits as well.
Keep doing research....
I went into buying properties at your age and still lived at home.
Iv moved out a long time ago, thank gawd I planned early like you.
The debate for renting vs buying is relentless and will never end.
Buying property or not buying, its a headache. Just do your research.
You can never go wrong finding a good deal on a property.
They are out there.
My friend bought a home roughly a year ago, spent about 70k in reno's. Was able to still sell it last month for another 80k profit.
And at the time when the world was "suppose" to end.
Go figure.....
Just remember, you got a good thing going.
100k saved, excellent paying job.
Pave it forward and you got a good future for yourself.
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