From: "Don Zimmerman" 
Newsgroups: misc.consumers.house misc.invest.real-estate
Subject: Re: must buy rental or move out...
Date: Tue, 31 Aug 2004 05:36:23 -0800

"Matt Warnock"  wrote in message
news:ZiOYc.62726$yh.54749@fed1read05...

> I moved into an apt in July only to realize the next month the complex was
> sold to sell off the individual properties.  I'm torn between having to
> purchase the place or move out next July.  I'm considering the purchase
but
> I'm wondering if there's any guidelines to follow such as what I should
have
> as a down payment ( I really have nothing because I started my first job
> last month), how much the property is worth, how much I should pay for the
> mortgage and taxes.  I want to see if I can afford it and if its worth it.
> Does anyone know of any links for information for first home buyers?
thank
> you!

If you decide to buy, you could explore some other options besides your
present rental unit that is being converted. Look around at some other
condos in other buildings and compare their prices with what is being asked
for the one in which you are living.