Business, 18.03.2021 02:20 bay97

I find a house that’s smaller than I want, but it’s in a good neighborhood. It’s pretty old and there’s lots of repair work needed. The house is $120,000 and I’ll put 20% down. The bank offers a 7% interest rate for a 15-year mortgage and I currently make $2,000 per month, with other monthly expenses averaging $1,200. The repair work will cost $10,000 DO I BUY IT OR PASS? WHY?

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I find a house that’s smaller than I want, but it’s in a good neighborhood. It’s pretty old and ther...

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