I wouldn't suggest putting all your money into a $100,000 condo at the same time as taking on debt for a condo that, if in West Hollywood, will be in a subpar building and won't really be all that desirable to many people. I would advise you to find a modest place to rent and continue to save your money to put into a better condo in a few years time.
You are still very young and have done extremely well to be in the position you are, but think what two years, a steady job and wise saving could do for you. A good first time buy condo, in a desirable location, in a quality building you ideally want to be looking in the $200,000 range.
Check out my website realrealtyla.wordpress.com and check out a stunning, fully updated unit in a great part of LA that just hit the market today for $205,000. These are the sorts of units you can get if you continue saving for a little longer.
If you have any other questions or concerns please do not hesitate to email me at Realrealtyla@gmail.com. I also have a profile on Trulia that includes some of my previous blog posts, recommendations etc.
Best of luck,
In my opinion, buying is better than renting, 99% of the time!
All the best,
My team, The Top L.A. Realtor Group, are condo specialists located in West Hollywood on the Sunset Strip. If you have any questions give us a call at (310) 623-0289
Should you have any other questions feel free to reach out to me directly at
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Beverly Hills, CA