It's not lucky to make money in real estate, lucky is a winning lottery ticket. I have owned real estate since 1987 and have owned 5 houses. I made money on all of them - over $200,000 on one. It's being prudent, not selling in a down market, not over extending yourself, etc. The OP sounds like he is in a good position to buy. I am also curious why people recommend he rent. Renting is a PITA for many, more so then home maintenance (which I kind of enjoy). To each their own for sure, but he states he wants to buy and was asking WHEN he qualifies for a loan, not IF he should buy or not.
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