Real estate and business school graduate, Daniel, is a real estate business executive who lives in Sedna, Arizona.
He started out in the real estate industry in his home state of Arizona.
Daniel says his first real estate deal was in 2006 when he moved to Sedona.
He and his wife bought a one-bedroom condo on the north side of town and moved in in July 2018.
After a few years, he says, he was ready to sell the condo, which he was still paying $5,000 a month in rent, but he could no longer afford the $150k mortgage.
So, he and his family moved to Las Vegas.
“I wanted to save as much as I could to be able to buy a new house and have a good retirement,” he says.
“The price I was looking at was $150.000, but then I saw a house on the corner that was $170,000.”
So, Daniel went for it.
He purchased the house for $140,000, and the rest is history.
“It was a huge investment,” he said.
Daniel and his husband, Alex, live in a two-bedroom, two-bathroom house on a lot that was once owned by the University of Arizona, but it was once a military base.
When the military shut it down, the military put it up for sale, and Daniel sold it for $170k.
That was a big deal for him.
“That was the first time I had ever sold something for less than I wanted it to be,” he recalls.
As for his current mortgage, Daniel says he can’t afford it.
“I have to pay about $70 a month.
I have about $10,000 in student loan debt, and I’m in the process of paying it off.
I need to pay that off now, and if I didn’t pay it off, it’s going to be hard to pay it down.”
For a home in Sedana, Arizona, Daniel is looking to save more money.
“When I buy this house, I want to pay $300,000 or $400,000,” he explained.
“If I can afford to pay half that, then that’s great.
I’ll pay half and still get $50,000 down the road.”
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