http://www.moneyunder30.com/ask/72/8000-tax-credit-get-really-cheap-foreclosed-property-free/ Financial Questions and Answers Mon, 07 Dec 2009 00:34:46 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.moneyunder30.com/ask/72/8000-tax-credit-get-really-cheap-foreclosed-property-free/comment-page-1/#comment-29 Stu Wed, 28 Oct 2009 17:26:20 +0000 http://www.moneyunder30.com/ask/?p=72#comment-29 I like your idea, but would just recommend to buy a house first as a home. Hopefully it will gain value, but a lot of people are in trouble as they looked at houses as quick money makers instead of a home/longterm investment. Being 22 and fresh out of college, you have a lot of options. I'd recommend: 1. Find a job you enjoy. 2. Use this site and others to help ensure you have a sound financial plan. 3. Build an emergency fund, start a Roth IRA, contribute to 401(k), etc. 4. Possibly rent for a while to build up savings for a house. There are some great deals out there, but a house has a TON of hidden costs and things that drain your bank account. 5. Enjoy life! You finished college, spend some time doing things you enjoy in the "real world." I like your idea, but would just recommend to buy a house first as a home. Hopefully it will gain value, but a lot of people are in trouble as they looked at houses as quick money makers instead of a home/longterm investment. Being 22 and fresh out of college, you have a lot of options. I’d recommend:
1. Find a job you enjoy.
2. Use this site and others to help ensure you have a sound financial plan.
3. Build an emergency fund, start a Roth IRA, contribute to 401(k), etc.
4. Possibly rent for a while to build up savings for a house. There are some great deals out there, but a house has a TON of hidden costs and things that drain your bank account.
5. Enjoy life! You finished college, spend some time doing things you enjoy in the “real world.”

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