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I need some advice...ready to move out and buy a condo I need some advice...ready to move out and buy a condo

01-10-2008 , 01:57 AM
hello, im 20 going on 21 and my parents are paying for college...i live on long island and I plan on moving out this summer because I can afford it due to poker...nothing crazy like on the water or anything just a place that i can turn into a cool place to live...my financial question is...

should I pay for the whole thing up front and avoid interest and eliminate risk of losing alot playing poker and having no way to pay the mortage

or take out a mortage and drop way down in stakes to reduce risk

the problem with the first scenario is it would severely busto my liquidity and could actually stop me from playing poker...but id have my own place and could finish school there and use my degree to do something else and have a great head start on life...what do you suggest

also it took me about 4 years to make this money so id hate to make a huge mistake
I need some advice...ready to move out and buy a condo Quote

      
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