Re: buying real estate
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let's put it this way, what is step #1?
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Wait for a market correction. You'll be paying top dollar right now, esp in major cities. If you don't want to live w/ your parents rent.
Also, you implied that you are not reporting your poker winnings to the IRS. Good for you (I don't blame you), but if you choose to evade (presumed significant) taxes it is best to avoid tying too much money up in non-liquid assets on the chance you get audited. While the risk of this is admittedly small, that will be small consolation if you get a Notice of Federal Tax Lien slapped on your ass. Also, a big reason to buy a house in the first place is the tax benefit, which will be of little use to you.
If you do decide to buy, the best loan type is a no income verification loan, as previously stated. As long as you have a good down payment should be no problem.
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