Two years was enough time for a couple to be ready and in position to purchase their own $250,000 dream home in Kissimmee. In two years’ time, the couple saved enough money for the down payment and improved their credit score to a point that financing was flawless and never presented any issues.
It is very important to keep in mind the amount of money the couple earned in a year. The combined household income was approximately $60,000 a year.
This is a real life example and in my opinion, if this couple was able to stop paying rent and starting accumulating wealth, then any other couple can do it as well. I will share the steps the couple took in order to achieve their dream.
The couple made the decision that they will start saving money. This is the most important step they took in order to purchase their home. They decided to save $500 month.
After making this important decision, the couple then worked on a monthly budget. The goal was to not over spend in groceries. In addition, they stopped going to the restaurant and they started to cook homemade meals; taking leftovers for lunch.
They also stopped using their credit cards and pay down the balance on almost all of them. This improved their credit score tremendously.
They met with a Realtor and worked on the plan to purchase a home. They wanted to purchase a home in Orlando but the price range for the house they wanted was above $250,000 for a resale when in Kissimmee the house they wanted was brand new for $250,000 and the builder paid more than $16,000 in closing costs.
The last step was to pay a penalty when they broke their rental contract with an apartment complex. They this knowing they will start creating new memories in their own place.
Author:Jose Hooker Phone: 407-272-6986 Dated: September 22nd 2017 Views: 338 About Jose: ...
View our latest blog posts in your RSS reader. Click here to access.
EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
Alternatively, if you are looking for a new place to live, Our Realtors can help you find the perfect home in the Orlando, Kissimmee, Davenport, Clermont area known as the Four Corners, where Osceola, Lake, Orange and Polk Counties come together, Next to Disney and the Theme Parks.
EXIT Realty Champions' Realtors in Champions Gate, have a cutting edge Digital Marketing Strategy to help you sell your home for top dollar available in today's demanding market.
Rest assured that EXIT Realty Champions will Champion your housing needs, whether buying or selling one of the biggest investments you have, your home.
Can I Afford the House I want?One mistake young homeowners make is ove
"Steve Humphries was great to work with. Personable and knowledgeable. He helped us zero in on homes that met our criteria for a vacation rental property and negotiate the minimum price that actually got us the house. It is now a profitable, positive cash flow property that has already had an uptick in value. Steve was very helpful to us as Canadians buying in the US in terms of providing advice we needed and accommodating our last minute travel schedule. I expect to use Steve again personally for any additional revenue homes in the Davenport & Champions Gate area and have recommended him to friends. Well done Steve!"