>Age 18 >Savings $3000 >Debt None >Monthly income

>>18307099
Where do you work bro?

You got to invest in that down payment. Once you do, mortgage shouldn't be that bad considering your income. Renting is a good idea if you're willing to put up with ppl's nonsense.

>>18307099
sounds like a good idea to me. stay focused and this will be entirely possible.

>>18307099
Buying house near uni is dumb.

Buy house near a job, close to some public transport point (metro? Bus?) and in walking distance to grocery shop and where you can raise family.

Basically when you buy house, you cant move elsewhere anymore. First land a solid job. Then look for house.

>>18307099
How long have you been saving?

>Savings $3000
>Monthly income Around $4000
What the fuck is wrong with you

>>18307435
But op wants to go to uni and rent out rooms in the house.
We have no idea about the cost of housing in the area or how many rooms op has to rent. This could potentially be a good income property for op.

Buying property when you have no worth is a gamble that you shouldn't take. Essentially you'll be putting all you have on one asset that does not guarantee success. Also, assuming that you are borrowing money for school on top of a mortgage is also really risky.

>>18307099
terrible fucking idea. live withing your means and don't out your self hundreds of thousands of dollars into debt. buy a nice RV and save your money until you can buy a house straight out otherwise you'll be paying off your loan for the rest of your life.

>>18308067
Dont even need an RV. I live in a van and my monthly expenses are arond 350$ Which includes food, fuel, laundry, and rec centre membership (showers and gym). Which means if I was lucky enough to have your job I would be investing 10k quarterly which after 3 years will stack up very nicely. Except im lazy and dont have full time work lul.

>>18307099
First - congrats. Having such a good income at your age is rare.

It seems really a good idea if you want to stay in that area after college.

I always suggest to write down how much you want to save and when you need to have that money saved, so you can find out how much you have to save monthly to achieve that. Then you can budget your expenses around it.

How many expenses do you have? What can you do to lower them?
I save around 25% of your income, spend 25% for unnecessary things (going out, hobbies, take away food, trips, etc) and spend 50% of it on necessary stuff (rent, bills, medical stuff, food, car, etc)