Update about situation
a month ago
Not much changed really.
but Financially I secured a loan of $12,000 to help me find a place to live.
So far I am thinking of the following:
1) Buy dirt cheap land somewhere that has access to utilities after confirming with a Realtor on if I am allowed to build a modular home.
2) Finance a Modular home.
Spent all day looking at this, and as far as I can tell so far, the modular home option is cheaper than rent.
but Financially I secured a loan of $12,000 to help me find a place to live.
So far I am thinking of the following:
1) Buy dirt cheap land somewhere that has access to utilities after confirming with a Realtor on if I am allowed to build a modular home.
2) Finance a Modular home.
Spent all day looking at this, and as far as I can tell so far, the modular home option is cheaper than rent.
Keep up the research and the effort lad.
I really hope you're alright
If you can secure the rest of a mortgage a condo or townhome (the current loan is plenty for a downpayment), you own the unit, even though you don't own the land, and mortgage + HOA fees are still way cheaper than rent, plus it's actual housing so it maintains or appreciates in value (which again is a mortgage you own and retain however much you pay off even if you have to sell later), and the HOA is responsible for any exterior or structural work that might need to be done so you never have to worry about expensive home repairs except for appliances. They're also still significantly cheaper than buying property, ~50% or less of the cost of a similar sized home. I never have to plow, mow, etc. My building has eight units but I only share a 'wall' (well, ceiling) with one of them and never have issues with noise. Once the mortgage is paid off, you're only paying a couple hundred a month at most for the HOA. Think of them like apartments that you buy and never have to deal with a landlord actually coming in unless you need something serious taken care of. Also because of all that, they're generally only available to people actually buying them so renters can't scalp them so you're not fighting landlords for units.