It may be, but buying homes is expensive. You can expect 2-3% in closing cost expenses on top of the down payment. When you a professional real estate broker, selling expenses can range from 7.5% to 9.5%, depending on where you live. If you sell it yourself, you can still see a 2.5% to 3.5% cost depending on selling taxes and title and escrow/attorney closing fees. For something this expensive, you want to make sure that you minimize the number of transactions. Making sure it is the right house for a long time can help reduce the risk.

A homeowners association is comprised of the different owners with your complex of condo. They will have covenants and restrictions on what is and isn't allowed. Some are well run with consistent dues and thoughtful maintenance. Others can be financial nightmares with surprise assessments and rowdy meetings. We have a list of items to consider when shopping for a condo in this blog post.

Whenever you are buying one house before selling another, there a lot of risks to consider. Hot real estate markets can cool quickly and leave you stuck owning two homes. Working with an advisor can help you identify strategies that may help manage your risk. Any good strategy will take into consideration how long you will need the funds, the tax consequences of any sales, and the costs of borrowing.

While borrowing from your retirement plan is often described as borrowing from yourself, it is usually not the first place to use when planning your RV purchase. Almost anything tied to a model year, like an RV is going to be a depreciating asset. Its value will continue to decline most of the time you own it. An advisor can help you get beyond the payment to make sure you plan for the full cost.