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20 year-old buys $183K home with FHA 3.5% down...
2009 Oct 18, 5:55pm 16,446 views 77 comments
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2009 Oct 27, 4:36am
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2009 Oct 27, 4:36am
@Pkennedy
I am not saying we need rules, but stating there is a less riskier way to go about a home purchase. From the start she has not been operating under ideal conditions, especially with her father direction. God bless her if she can maintain this home, I am rooting for her.
Can you at a minimum agree that she has bought more house than she can afford?
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http://www.businessinsider.com/20-year-old-buys-home-with-183000-fha-loan-and-just-35-down-2009-10
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Her statement that her home is now worth $255,000 after her "remodel" .. and that she made $100K in a month would be funny if the taxpayers weren't going to eventually foot the bill on this forclosure waiting to happen.