my first house – Samantha Boateng https://www.samanthaboateng.com Writer | Creator | Educator Mon, 23 Nov 2020 21:47:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://i0.wp.com/www.samanthaboateng.com/wp-content/uploads/2020/10/cropped-Samantha-Boateng-3.png?fit=32%2C32&ssl=1 my first house – Samantha Boateng https://www.samanthaboateng.com 32 32 180500958 Buying my first house! https://www.samanthaboateng.com/2020/11/23/buying-my-first-house/ https://www.samanthaboateng.com/2020/11/23/buying-my-first-house/#comments Mon, 23 Nov 2020 15:00:19 +0000 https://www.samanthaboateng.com/?p=204

During my undergraduate study, I worked a bunch of random jobs, applied for every scholarship under the sun, and interned, saving every penny so I could graduate debt-free. By the time I was in my 3rd year, I had a few thousand dollars saved, so my parents suggested that I put my money into a 1 year certificate of deposit (CD) at my bank. I’d always thought investments were for ‘real’ adults with a lot of money, not a young, college student like myself. I made the investment anyways; I would at least have my money safe somewhere I wouldn’t be tempted to use. Once my CD matured a year later, I wanted to invest my money somewhere I could reap long-term benefits.

So, my parents suggested buying a house. I seriously doubted that I would be able to. I didn’t have 10s or 100s of thousands of dollars saved, I didn’t have extensive credit history, and I just felt I couldn’t. I had only seen 20-year-olds buy houses on Twitter, not in real life.

  • Views from my porch
  • Document signing!

Despite my doubts, my parents and I decided to look through some available real estate. We found a condo that I could afford and made an offer. A bunch of people had expressed interest in the condo, but my offer was chosen! The entire process took less than 3 months and I was able to rent it out immediately after closing! Now, the rent money I’m receiving is paying off the house, all at the age of 21! Honestly, I can’t believe I’m a homeowner sometimes, but I am so grateful for how far I’ve come. I want to encourage you, you are not too young, too broke, too inexperienced to achieve your dreams and goals! Just take that first leap of faith. I’m rooting for you!

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