Great video, didn’t realize I needed a breakdown like this. I’m only at $75k a year but planning on saving a $60k down payment to allow me to buy up to $300k, and then renting out a room to my brother. Trying to get creative to buy something I’ll actually like.
Yes, if you are looking "in Charlotte" but if you look outside of Charlotte you can find brand new homes. Think Cramerton, Kings Mountain, Midland, etc. The buyer wouldn't have a 10-20 commute to work but they would have a newer and larger home.
While I’m not in your area, 171k is pretty sad to see generally speaking. That’s my take home with 401k & insurance factored in and even without a car payment it doesn’t seem like it would add too much more to that 171. You reach an income that you once felt would be comfortable for a solo person just to find out you have to be house poor in exchange for something that doesn’t come with water damage.
Thats great to know!! I haven't dove into financing types yet but already have a video meeting set up with a local lender and I will be sure to mention the ins and outs of USDA financing. Expect something in the next couple of weeks 🙂
Hey Ashley! Nice to see you. Great video!
It's been a while but I am back to sharing knowledge 🙂Happy to see you.
Nice work! I look forward to checking out your channel!
Great video, didn’t realize I needed a breakdown like this. I’m only at $75k a year but planning on saving a $60k down payment to allow me to buy up to $300k, and then renting out a room to my brother. Trying to get creative to buy something I’ll actually like.
I couldn’t click on your video quick enough.
Great to see a video from you again!!
So happy to see you post again!
Great idea doing a video series based on salaries.
The problem is most houses or even townhomes in decent areas are going to be 300-350k
Yes, if you are looking "in Charlotte" but if you look outside of Charlotte you can find brand new homes. Think Cramerton, Kings Mountain, Midland, etc. The buyer wouldn't have a 10-20 commute to work but they would have a newer and larger home.
Great informative video
Great video, please keep them coming please with salaries under 75k
After I wrap up this series I am going to do a series on down payment assistance programs.
While I’m not in your area, 171k is pretty sad to see generally speaking. That’s my take home with 401k & insurance factored in and even without a car payment it doesn’t seem like it would add too much more to that 171. You reach an income that you once felt would be comfortable for a solo person just to find out you have to be house poor in exchange for something that doesn’t come with water damage.
The 806 Ester Ave address is USDA eligible.
Thats great to know!! I haven't dove into financing types yet but already have a video meeting set up with a local lender and I will be sure to mention the ins and outs of USDA financing. Expect something in the next couple of weeks 🙂
Is it possible to purchase a home that’s listed for $199,500 on a salary of $50k annually?
@@itslatasha4726 possibly. Depends on where and if you qualify, want to use down payment assistance, savings and your debt-to-income ratio.
Never buy a home with a HOA tax.