Oct 5 2020, 02:44 PM
QUOTE(123help @ Oct 5 2020, 03:10 AM)
I’m 24 currently and I have 1million in cash from my business (still up and running) and I’m currently thinking to buy a house in the near future (maybe 3-5 years time?)
Currently my dad settling my loan for the car he bought for me (under my name)(worth 150k) and a house (joint name)(worth 1.6M) which happens to have my name also.
Both of the car and house going to be paid finish within 1 year.
My business currently making about 80k-150k net profit every month, while I paid myself 10k gross per month into my personal acc from my business and I managed to built up a cash saving of 1million. I don’t have any loans beside the ones that my parents bought for me and I have ZERO PTPTN and cc debt loan.
How much of a house can I afford to purchase right now? Would the 2 car and house loan affecting me?
You can run a successful business and your dad has lots of money to invest in you yet you think it is prudent to take advice from a public forum? There is a reason why ppl think you are either boosting or stupid.Currently my dad settling my loan for the car he bought for me (under my name)(worth 150k) and a house (joint name)(worth 1.6M) which happens to have my name also.
Both of the car and house going to be paid finish within 1 year.
My business currently making about 80k-150k net profit every month, while I paid myself 10k gross per month into my personal acc from my business and I managed to built up a cash saving of 1million. I don’t have any loans beside the ones that my parents bought for me and I have ZERO PTPTN and cc debt loan.
How much of a house can I afford to purchase right now? Would the 2 car and house loan affecting me?
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