I am a 23 year old who wishes to OWN a COOP/CONDO in Brooklyn. My current salary is based at 36K , approx 43K

Asked by Edward, Brooklyn, NY Fri Jul 4, 2008

after OT/extras. It will increase yearly. With 30K, possibly more in hand is it possible for me to purchase a COOP 1 Bedroom 1 bath in Brooklyn? Am I too young?

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Susan Wesely, , Saint Paul, MN
Fri Jul 4, 2008
You are not too young,and you have cash. It's a great idea to invest in a home. Your first step should be to speak with a loan officer, preferably a local one, to find out what you can afford. Then find a good Buyer's Agent to help and educate you. There are lots of discussions about how to select a buyer's agent here on Trulia. If you want a referral, please email me and I will provide one. He/she should explain the entire process, and should also explain the difference between a coop and a condo!
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