Should I just buy a house on my own?

[Anonymous]

I'm thinking of purchasing my first home this year. I have a long term partner that's told me he'll propose "soon" but nothing yet. I've made it clear that I don't want to move in together until we're at least engaged. My current lease ends in June and his around the same time. I think I should start looking for homes soon and apply for a loan, which takes time. I'm not sure if I should keep waiting for something that might not happen or get my own place without his input. I'm really unsure if he'll actually propose before March/ April

[Guy13]

As it relates to buying your own, as a real estate investment guy, I would like to share a few tidbits with you.

Firstly, make certain you have a landlord that will allow you month-month. Given it’s June, I would not. 12 months or you’ll get 30 days May 30. Go to momma house….

Secondly, get your Taxes completed by 2/15 and to banker by 2/21. 3-4 months for loan approval. 2 plus years same job, 15-20% current income is Debt on credit report, No credit card debt for 6 months prior to loan submission, no medical bills, Monthly Income 3.5 x house payment, 750-850 credit score.

Depending upon your Market, 6 months to year to find even a trailer or modular home. 300,000 decent starter home here means 50,000-60,000 down. Expect bidding up 20,000-50,000. There will be cash on spot offers many times.

Prenuptial and purchase and prenuptial signed before engaged.

[WindAtMyBack]

Buy it on your own. If you stick with him, then make sure you protect your assets. This could easily turn into a situation where he starts leaching off of you. That doesn't mean he will, but it presents the opportunity.

Do NOT buy a house with him if you are not married. If you do buy and you want him to move in, then make him pay rent or make it equitable in some other way.

If nothing else, you should at least start looking for a house. It can take a long time to learn the market and know what's available for the money.

[GoodGuyBreakingBad]

If you're young now is the good time to buy a house.

[Sparkie460]

The market is coming down. It doesn't hurt to start looking now. Buy what suits your taste