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Really really stupid question from a second time homebuyer
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Date: April 22nd, 2025 5:40 AM Author: ,,;;,,,;,,,:,;,,,,,,;:,,,;,,,,,:,,,;;,,,; What did you guys do for the down payment on the second house while the equity is tied up in the first house?
I also accept the answer if you’re so poor that you don’t have the down payment for the second house in cash don’t buy the house.
But I’m curious. |
Date: April 22nd, 2025 5:41 AM Author: Long Red Poon Tie Covering Your Wang I took a portfolio loan. Most people will try to enter into a contract but have it contingent on the sale of their existing home |
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Date: April 22nd, 2025 5:44 AM Author: ,,;;,,,;,,,:,;,,,,,,;:,,,;,,,,,:,,,;;,,,; Yeah we were looking to do #2 until we realized that people are literally bidding fuckin 30% above ask which is insane making us less competitive. So I was thinking of throwing my whole cash savings at the down payment and then just holding my breath until my main home sells but then I’m fucked if it takes 3 months and I have to pay two mortgages. (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869901) |
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Date: April 22nd, 2025 5:46 AM Author: Howdy Dudey it's almost like "real estate" is a total fraud scam for retards (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869903) |
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Date: April 22nd, 2025 6:10 AM Author: healthy jew (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869928) |
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Date: April 22nd, 2025 5:48 AM Author: Long Red Poon Tie Covering Your Wang Look for alternative credit sources to bridge you. (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869910) |
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Date: April 22nd, 2025 6:22 AM Author: ,,;;,,,;,,,:,;,,,,,,;:,,,;,,,,,:,,,;;,,,; 401k loan and pay it back immediately I’m thinking. Just need like $50k lol. (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869939) |
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Date: April 22nd, 2025 6:32 AM Author: dont run libs the crystal wardens see you do the 401k loan, it’s nbd only risk if the market recovers while you’re out of it but it’s also only 50k so you wouldn’t miss out on much |
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Date: April 22nd, 2025 6:34 AM Author: ,,;;,,,;,,,:,;,,,,,,;:,,,;,,,,,:,,,;;,,,; Yeah true. Plus where I am shit moves quick so I should have it sold within a month. Thanks bro. (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869948) |
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Date: April 22nd, 2025 7:48 AM Author: ...,,..;...,,..,..,...,,,;.., This is dumb boomer advice. Literally no seller wants his house tied up while his buyer attempts to sell their shit house. OP can try but good luck. (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48870009) |
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Date: April 22nd, 2025 6:29 AM Author: Covid was a Hoax can also do a sale and leasback then buy the second house while still living in the first after youve gotten your downpayment back (http://www.autoadmit.com/thread.php?thread_id=5714540&forum_id=2...id.#48869943) |