Starting my life: bought a house, have a job, some investments, what does the future hold?

Answers:0   |   LastUpdateAt:2012-09-13 13:35:03  

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eco
Asked at 2012-09-13 13:35:03
I ( 22 y / o) bought a 380,000 thousand dollar house in Las Vegas with my brother ( 26 y / o) . (4.5 miles west , near Avenue ) I 35 K per year ( opportunity for advancement in my company is high ) . My brother has a base salary of 60K and can reach six figures if he hits his bonds . MedlinePlus MedlinePlus No college payments , own my own car , there are other debts less than my monthly bill CC is, always paid in full. I put 6% into my 401 ( k ) , so my net salary is about $ 1,080 every two weeks. MedlinePlus MedlinePlus I did not want to rent, but we must recognize the house payments are more than I wish I was paying , but I can not go back to that now . MedlinePlus MedlinePlus We put 20,000 down , have two loans . The first at 304,000 @ 6.25 and the second is 57,000 @ 8.75. ARM is a 5:1 , and 15 months in. monthly payment is $ 2279. MedlinePlus MedlinePlus Both hold shares of Wachovia , but not me bro PRD apprx 430 actions . I would prefer not to have to sell this for many years . MedlinePlus MedlinePlus Any advice long term in terms of funding , strategy , etc.
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