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Be careful on the condo deal. Check to see how many foreclosures are in there. Condo fees will eat up your equity.
There are soooooo many great deals out there right now I'm sure you can afford a house. Look up REO's in your area. Try to find some realtors that specialize in these. These are homes that are bank-owned and have already been thru the foreclosure process.
The banks are GIVING away properties right now. 2 recent examples here in FL; $100K for $23K. $310K for $130K. Ya gotta love it!
BUY!
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