LogFAQs > #962106646

I know its a dumb question. Im in a unique situation. Im in my 30s but Ive never had any experience actually trying to buy a home. My brother and I, we are really close in age, moved into an apartment together early on. My parents retired and left the house to us so we moved back and took over the mortgage.

Time has passed. My brother now has a 4 year old daughter and I make pretty good money. Good enough to be on my own comfortably. We have a big house at a mortgage of $1300. I was looking at average rent in my area and Im seeing roughly $800 per month for a 1 bed room apartment. Thats crazy when Im splitting with my brother a 4 bedroom house for $1300.

It might be cheaper to get a house and Im trying to look around and calculate what I can afford. Im not planning on moving anytime soon but I need to prepare. I already know this house will be my brothers because he has a family. I dont. Plus, I dont want that to be my house anyway.

Im just trying to prepare for the future. Im guessing my brother will buy me out or we will sell the house eventually. I just have no experience in real estate because I didnt really need it. Hell, I didnt even really participate in finding that apartment. My brother found it and begged me to move in so I did.

Sorry for the dumb questions. My credit is good too BTW. 750+ across the board