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Imagine the Possibilities!

erin • January 17, 2020

Just Listed - $295,000 - 4018 Broadwater, Bozeman, MT 59718

Financing Scenarios - Under $1800 a month
Home ownership, is truly the American dream, especially in Bozeman, MT where $1,766.67 is the average rental cost for a three bedroom property in 2020 (according to Numbeo.com). Instead of buying your landlords house, why don't you purchase a home for yourself? Either way, you are paying someones mortgage!

According to Fairway Mortgage, there are at least three fairly accessible scenarios where you could be paying nearly the same (or less) than a rent payment while building your own future. FHA, Conventional or Investor Financing are all enticing options. Check out the infographic above and consider what option might be possible for you. Remember, rent and the mortgage payment are only roughly the same in the first year. Year two your rent will likely increase, but the mortgage can be a fixed cost... for thirty years!

A personal note about real estate investing:
I purchased my first condo in Bozeman at 23 years old thanks to a downpayment gift from my Grandparents and great local lenders! When I purchased that condo (ok, it was a few years ago now) the total mortgage payment was $700± roughly the same as rent at that time. When I sold that unit, the condos were renting for $1500± a month and my mortgage was still $700±. I was able to live alone in a market where most of my friends had at least one roommate.

I can't imagine how I would be where I am today without that first big step! Added benefit, when I sold that condo I had roughly $100,000 in down payment for my next house - meaning I purchased a three bedroom single family home for a lower monthly cost than renting, year one. The following years are all growth opportunities and I've maintained affordable living (with the flexibility of having a dog and the opportunity to paint whatever I wanted, when I wanted) while growing my personal portfolio. 

Are you ready to take the leap? Let's explore what is possible together... maybe 4018 Broadwater is the perfect property for you!

The Downside of Gain: Deconstructing Bozeman

By erin • February 11, 2025
The Bozeman real estate market experienced notable trends and changes in 2024 and early 2025, with significant differences between neighborhoods and a shift in buyer behavior due to interest rates.
Happy couple standing in the kitchen of a house for sale with their realtor.

Know Your Why: Investing in Real Estate for Stability and Value in Uncertain Times

By erin • October 31, 2024
Explore how real estate holds value amid uncertain times, from election cycles to economic shifts. Learn why buying and selling based on your life cycle and personal 'why' helps secure a stable future, much like investing in gold.
Northeast Bozeman DRōN 406 aerial

Bozeman's Market in Review

By erin • June 5, 2024
Despite the economic fluctuations across America, the Bozeman real estate market has shown remarkable resilience in the first half of 2024. Even with residential purchase interest rates at 7%, Bozeman’s asking prices have surged by 26% since the peak of our market in 2021 and 8% since 2023.
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