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Thinking of copping an 80k house in flyover on 150k salary...CR?
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Date: November 17th, 2017 3:25 PM Author: Iridescent Shitlib Abode We can legit stack almost everything every month (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711298) |
Date: November 17th, 2017 3:26 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711307) |
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Date: November 17th, 2017 3:27 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711318) |
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Date: November 17th, 2017 3:28 PM Author: cracking psychic Describe this house (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711329) |
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Date: November 17th, 2017 3:29 PM Author: Iridescent Shitlib Abode 2 story townhouse, but no HOA fees. 2 or 3 bed, 2 bath. its small but bigger than anything we've had in a big city (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711336) |
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Date: November 17th, 2017 3:31 PM Author: bateful blood rage that actually sounds pretty reasonable (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711358) |
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Date: November 17th, 2017 3:31 PM Author: Iridescent Shitlib Abode i am amazed at how cheap flyover is - I should have moved long ago, FMA
the salaries are high as fuck too, comparatively speaking |
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Date: November 17th, 2017 3:34 PM Author: bateful blood rage 150k outside the coasts is very solid. in actual flyover it's balling out of control |
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Date: November 17th, 2017 3:35 PM Author: Iridescent Shitlib Abode CR, it's like making 800k-1MM in MFH in terms of QOL
just happy we can afford to buy a decent place for cheap |
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Date: November 17th, 2017 3:29 PM Author: Rose Twisted Associate Menage whats the mortgage on 80K? Like $400 ? (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711333) |
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Date: November 17th, 2017 3:29 PM Author: Iridescent Shitlib Abode i dunno - we can pay the entire thing in cash, but it's prob 200-300 if we put some down (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711341) |
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Date: November 17th, 2017 3:36 PM Author: Glittery dark meetinghouse It will be about 300 in principle and interest and another 300 in insurance and property taxes (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711402) |
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Date: November 17th, 2017 3:37 PM Author: Iridescent Shitlib Abode with 15% down, the website suggests it's around 400 a month, including taxes and insurance
LJL I can legit work at a bookstore for like 30-40k a year and pay this..LOL |
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Date: November 17th, 2017 3:44 PM Author: Glittery dark meetinghouse Your principle and interest will be $299.67 with a 20% down payment and a 3.84% interest rate.
Depending on where you live in flyover the estimators on insurance and property tax are worthless. I live in small town flyover and my property taxes are twice as high as local suburbia of major city. Insurance may be high because of tornado/wind & storm/hail damage. You may be expected to replace your roof every 10-15 years.
Like I said around 600 is what I'd expect realistically. |
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Date: November 17th, 2017 3:49 PM Author: Iridescent Shitlib Abode 600 is not bad at all, if u can get all of the interest deduction back (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711522) |
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Date: November 17th, 2017 3:57 PM Author: Glittery dark meetinghouse Ofs, a complete bargain. You cant even rent for that much unless it's a dump (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711595) |
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Date: November 17th, 2017 3:58 PM Author: Iridescent Shitlib Abode CR
flyover is 1 fucking 80 |
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Date: November 17th, 2017 3:29 PM Author: bateful blood rage what does an 80k house even look like lmao (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711334) |
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Date: November 17th, 2017 3:31 PM Author: Iridescent Shitlib Abode smallish townhouse (but way bigger than any apt we've had in a big city), 2 stories, 2 bed, 2 bathroom, living room, kitchen, separate dining, etc., small yard (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711357) |
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Date: November 17th, 2017 3:34 PM Author: Iridescent Shitlib Abode lol, I can legit work at Starbucks and live better than I do as a lawyer in a big city...LJL..possibly save more money too. LJL (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711386) |
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Date: November 17th, 2017 3:37 PM Author: provocative maize bawdyhouse candlestick maker (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711416) |
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Date: November 17th, 2017 3:39 PM Author: Iridescent Shitlib Abode it's a smallish yard (still bigger than what u can find in a city though)
i want to grow some veggies and get some chickens TBH, but not sure we'll have room for the latter |
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Date: November 17th, 2017 3:39 PM Author: bateful blood rage make sure you build a big fence so the bird stomper doesn't get to them (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711442) |
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Date: November 17th, 2017 3:40 PM Author: Iridescent Shitlib Abode CR
i'm going to buy a gun and shoot intruders at first sight |
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Date: November 17th, 2017 3:40 PM Author: Bat-shit-crazy space multi-billionaire I love the "thinking of" XO threads.
you probably wont do any of this |
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Date: November 17th, 2017 3:40 PM Author: Iridescent Shitlib Abode i've moved around a shit ton as a kid and lived in flyover before, brother...i fucking loved it. already looking at houses now
the other option is a bigger house for 250K, but not sure. need to look at the mortgage payment interest deductions and compare |
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Date: November 17th, 2017 3:42 PM Author: blathering box office fanboi lol @ this flame (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711465) |
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Date: November 17th, 2017 3:42 PM Author: Iridescent Shitlib Abode if you move to Texas, etc. this is legit possible
my buddy copped a huge house 4500 square feet in texas in a gated community for like 300K
if you're willing to look at townhouses, u can buy for below 100k |
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Date: November 17th, 2017 3:44 PM Author: blathering box office fanboi I live in even more legit ARE COUNTTTTRY than Texas, and unless you commute an hour and a half each way or live in a ghetto, you are looking at $200k+ for a decent house in the burbs. (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711491) |
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Date: November 17th, 2017 3:45 PM Author: Iridescent Shitlib Abode i'm looking at townhouses, brother - that's like automatic 100k-150K off the listing price just for being a townhouse
commute would be around 30 minutes
i'm also looking at a more traditional, standalone suburban house that's bigger with a big yard, by water, etc. - that's around 250K |
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Date: November 17th, 2017 3:46 PM Author: blathering box office fanboi LJL, better cop a good quality shotgun. this part of the country isn't like whatever coastal hellscape you're trying to escape. (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711512) |
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Date: November 17th, 2017 3:47 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711514) |
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Date: November 17th, 2017 3:50 PM Author: appetizing dysfunction nursing home Kids?
Plan for kids? |
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Date: November 17th, 2017 3:51 PM Author: Iridescent Shitlib Abode not yet, but probably just one
other option is a larger house (2500 sq feet) for 250k in a gated community
my parents lean towards the latter
real estate is pretty much NOT an investment in flyover, period though, so i'm split. it'd be nice having a larger space (and maybe higher interest deductions) but it'd be nice having a cheap house
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Date: November 17th, 2017 3:52 PM Author: appetizing dysfunction nursing home The house you're looking at sounds fine for a couple with no kids, but if you want kids you need a bigger house.
We're looking at moving to a bigger house soon ourselves and are in a DINK house now. |
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Date: November 17th, 2017 3:53 PM Author: Iridescent Shitlib Abode yeah this is what my mother says - she thinks we should get a 250k, 2500 sq foot house in the gated community
i just really like the idea of buying a < 100k house, lol |
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Date: November 17th, 2017 3:54 PM Author: blathering box office fanboi Dallas? or Houston? (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711568) |
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Date: November 17th, 2017 3:56 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711586) |
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Date: November 17th, 2017 8:55 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34713670) |
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Date: November 17th, 2017 9:14 PM Author: offensive people who are hurt CR. As you said above, housing in flyover isn't an investment AT ALL; place will not appreciate in value much, if at all, more than inflation.
Other thing to potentially look at is buying a duplex/double and renting out the other unit; depending on the particular property, it may cover the mortgage, insurance, & property tax. You'd then cover maintenance on both yours and the rental. Move to a bigger house later and keep it as an investment property. |
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Date: November 17th, 2017 9:16 PM Author: Bespoke Smoky Son Of Senegal Persian Why are you all such scheming jews? Lol at buying a house with the fucking intention of renting out a room, kill yourself OP just fucking buy it, you can clearly afford it |
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Date: November 17th, 2017 9:34 PM Author: Iridescent Shitlib Abode *adjusts yarmulke* (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714047) |
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Date: November 17th, 2017 9:37 PM Author: offensive people who are hurt LOL. I'm far from Jewish. And it's buying two fucking houses that share a wall and renting one of them. Yes, why would you take advantage of the one area in which you can get 5x leverage to cut down on how long you have to work away at your little office job! (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714085) |
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Date: November 17th, 2017 9:42 PM Author: Bespoke Smoky Son Of Senegal Persian (guy sharing a wall with a methhead) (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714121) |
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Date: November 17th, 2017 9:44 PM Author: offensive people who are hurt Methed who PAYS HIS MORTGAGE brother. (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714128) |
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Date: November 17th, 2017 9:45 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714144) |
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Date: November 17th, 2017 9:32 PM Author: Iridescent Shitlib Abode CR, I've thought about this too - I wanted to get into slumlording for awhile, and being a landlord is actually possible in flyover.
I'd try to take out some kind of a mortgage to get the interest rate deduction. I think that might net out higher in the long run - invest the extra cash every month into the market, get the interest rate deduction, and don't throw away money on rent. So even if the property just keeps steady with inflation, it'd be OK. |
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Date: November 17th, 2017 9:38 PM Author: offensive people who are hurt Ya, definitely possible in flyover. Not sure I'd do slumlording as a first property though--lots of turnover, evictions, etc. (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714092) |
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Date: November 17th, 2017 9:40 PM Author: Iridescent Shitlib Abode yeah, i guess i'll start small. would love to invest in apt complexes at some point.
my mom has considered moving closer to us and kept telling me to buy a place with an in law house so she could rent it from me...this is pretty much the perfect idea |
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Date: November 17th, 2017 9:43 PM Author: offensive people who are hurt Ha, ya, not sure I'd want to be that close to my mom but good for you if you guys are close.
Ya, supposedly duplex is a good way to get your feet wet on rental properties because they're small and you're right there on premises. Once you sell if there's a bunch of tax advantages that would let you roll it into a bigger property w/o paying taxes. |
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Date: November 17th, 2017 9:45 PM Author: Iridescent Shitlib Abode 180 about the tax benefits
i think duplex sounds like the best idea so far
lol, we're close. my parents are divorced so she's lonely and old :( |
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Date: November 17th, 2017 9:32 PM Author: Lascivious Violent Theater Stage Selfie do it
https://www.youtube.com/watch?v=zI3WdytWJvc |
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Date: November 17th, 2017 9:34 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714037) |
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Date: November 25th, 2017 4:03 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34769391) |
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Date: November 28th, 2017 8:38 PM Author: Iridescent Shitlib Abode (http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34793550) |