Advice on buying house

Discussion in 'The Great Indoors' started by BruceWake&Bake, Nov 13, 2014.

  1. Alright guys first off im typing this on a ps3 browser which is a little outdated . So since i was about 14 i have lived with my older brother. Over the years he has really helped me out. I dont have to pay rent or anything just the cable bill and i buy a majority of the groceries. Now he has got a baby coming and dont get me wrong im excited for him but i feel like its time for me to get out on my own. Heres the problem i only make 350 dollar a week cash under the table. Now i could go find a better paying job but where im working now im learning a very profitable and specialised trade and in a few years i could start my own buisness so i really dont think i should quit. Now obviously i have to be on the books to get a loan so im going to talk to my boss about that. So heres my question is there anyway anybody will give me a loan? Around me i could find a decent place for under 50,000 and i live in pa. Any advice would be greatly appreciated.
     
  2. Most loan places require you to have a steady job on the books for a year or two. You also have to have a positive credit report ie you need to buy stuff on credit in order to build credit. I would start of by getting on the books , rent a place, and get a credit card just buy what you can afford to pay off completely when the bill comes due. Good luck.


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  3. #3 SlightlyStonedSD, Nov 13, 2014
    Last edited by a moderator: Nov 13, 2014
    agreed with otroo. get on the books, open some credit card accounts and build it up. I got a job and opened my first credit card last year and the credit unions already told me I can get an auto or home loan and in cali that's like $400,000
     
  4. Yeah you need credit, what is your job specifically?
     
  5. #5 phunk doc, Nov 13, 2014
    Last edited by a moderator: Nov 13, 2014
    look into secured credit cards and opening store credit cards to build credit if youve got none....my credit is absolute shit at best and ive been reading up a little on rebuilding credit, steps ill probably take after i file for bankruptcy.
     

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