Okay so I'm a college student. I just started classes this last week and my FI and I live with my parents. My parents know that FI and I planned to save and be out before we are married and we want a place that is cheap and needs a little work but still nice. This weekend they came up to us and said they found this awesome deal on a house and they guy is selling it for what he has left on the loan. $66,000. With a little bit of work we could probably invest $5-10 thousand then sell the place for about $100,000 when we want a bigger place.
So anyways we are really thinking about it but we want to know if we can afford it. What bills can you think about that we should consider before we do this?
We have...
Insurance, rent, water, electric, gas for driving, taxes, tv, phone, food, education, e ring, car.
Anything else?