New home for the Speed.

Thanks, it looks a lot better on the inside :)
I have about 100k of equity allready and I will sell it in two years.
That way I can avoid paying any tax at all on the proceeds due to the capital gains laws changing. I will then buy two lots and build another one but bigger next time, take half the proceeds and invest and be debt free with of course the exception of the house payment.
We made about 40k tax free off our last house. In four years I should have enough in investments (with intrest over the next 30 yrs) to retire comfortably with no debt.
I don't put anything down, have no escrow, and no mortgage protection insurance due to owing less than 75% of the value of the home.
Anyway I told you I was boring (blowup)
 
chuyler1 said:
That's a million dollar home here in Massachusetts. Wish I could afford that.
Man down here in Tejas this house goes for about 327,000 and I owe around 220,000. It is in a gated community, 30,000' club house, two 7100 yard championship courses, tennis courts, swimming center, work out center, lots of deer, turkey, coyotes, etc. Not a bad place to live. Of course I can't move in until Saturday :(
 
220K in MA will get you a small two bedroom condo, no garage, and no amenities. And that is 50 miles outside of Boston. If you want to live within commuting distance of the city expect to pay 500K+ for a condo and 1.5M for a medium sized house.
 
chuyler1 said:
220K in MA will get you a small two bedroom condo, no garage, and no amenities. And that is 50 miles outside of Boston. If you want to live within commuting distance of the city expect to pay 500K+ for a condo and 1.5M for a medium sized house.
Well GOD bless TEXAS (first) I could not afford to live in those other places. Damn! You guys got it rough.
 
chuyler1 said:
220K in MA will get you a small two bedroom condo, no garage, and no amenities. And that is 50 miles outside of Boston. If you want to live within commuting distance of the city expect to pay 500K+ for a condo and 1.5M for a medium sized house.

amen here......i have been looking for a place in central MA.....expensive!
 
kcbhiw said:
Care to share some, Mr. Moneybags? :D
I'm just middle class that has started that ball rolling up hill.
I will be close to broke when this thing is done. I will be lucky to have 10 grand in the bank to hold on to until I sell this one and build the next one.
I just have to manage our money well. I buy used when I can, pay cash for things, and trade out work for work. Heck I bought most of my kids Christmas gifts sceond hand a used gamecube in good condition is just as good as a new one to a kid. :)
The yard would have been 15,000 but I had been building and repairing computers for free for a friend of mine who happen to own a landscape company I did not know about. Then one day when I was helping him I told him what kind of yard I needed and he told me he could do it for 5300 not 15,000!
So again, little money on the build bigger money on the sale then roll it and buy stuff for cash in between builds. I paid cash for my kids braces, paid cash for our bedroom furniture, and with cash people will bargain that stuff way down. Oh damn I'm way over into bores-ville. :)
 
yashooa said:
I'm just middle class that has started that ball rolling up hill.
I will be close to broke when this thing is done. I will be lucky to have 10 grand in the bank to hold on to until I sell this one and build the next one.
I just have to manage our money well. I buy used when I can, pay cash for things, and trade out work for work. Heck I bought most of my kids Christmas gifts sceond hand a used gamecube in good condition is just as good as a new one to a kid. :)
The yard would have been 15,000 but I had been building and repairing computers for free for a friend of mine who happen to own a landscape company I did not know about. Then one day when I was helping him I told him what kind of yard I needed and he told me he could do it for 5300 not 15,000!
So again, little money on the build bigger money on the sale then roll it and buy stuff for cash in between builds. I paid cash for my kids braces, paid cash for our bedroom furniture, and with cash people will bargain that stuff way down. Oh damn I'm way over into bores-ville. :)

I know exactly what you mean. I'm basically in the same boat. However, you do have a beautiful house on a very nice plot of land. I wish I had that much land :D. Keep up the good work!
 
yashooa said:
Man down here in Tejas this house goes for about 327,000 and I owe around 220,000. It is in a gated community, 30,000' club house, two 7100 yard championship courses, tennis courts, swimming center, work out center, lots of deer, turkey, coyotes, etc. Not a bad place to live. Of course I can't move in until Saturday :(

my townhouse cost a little bit more than your single family home. sucks to be you... oh wait.... i need to move out of california. awesome looking house.
 
Thats a ******* sweet pad you got yourself there man. I hope to one day be able to swing myself a stellar place like that. You need to water your grass man, looks toasted all-ready. Remember to water it in the morning, better for the lawn.
Oh, and boresville or not, you got it right with how you do things man, cash on hand to pay for stuff always gets the better price, and prevents any form of interest or other fees attached with s*** like cards.Ideally, the only debt one should ever have, is mortgage payments, if at all possible, pay the rest in cash. If you cannot afford it in cash, you cannot aford it so don't get it.If you must borrow, do not use credit cards, bank loans are better, and usually carry less interest and have more flexible payment options. Also, the whole buy sell thing, always nets profit, as properties most always go up in value, rather than down, meaning that unless your neighbour-hood goes to s*** before you sell, you'll have a net gain on the initial price of your home. Allowing you to, as you said, get something abit bigger, better, and not go dead ass broke. It also helps knowing people who can cut you deals/get things at cost. Doing things yourself if you know how also helps a butt load. Good luck with the move man, and hope all continues on the right path for you.
 
yashooa said:
Almost there just finished up laying the 15,000' of sod.
http://www.msprotege.com/members/yashooa/DSCF0735.JPG
http://www.msprotege.com/members/yashooa/DSCF0737.JPG
Have to go back and smash the grass down with the roller.
Yeah, my life is boring...(moon)

I have house envy, (bang) but I will be out there soon. I hope within 24 months, but I have to sell the one I have first. Then it's on!!!! (nana)

I'm thinking how much that dam yard is going to cost me.(headshake

Will he give me the same deal? Tell him to show your bro the love(poke)
 
nice house, but this thread would be much better with a picture of a speed in front of that house... *HINT HINT*
 
daedalus said:
nice house, but this thread would be much better with a picture of a speed in front of that house... *HINT HINT*

It's in the first one but it's on the side of the house in the shade, kind of hard to see. :)
 
Respect to you man, I wish I had the time or patience or even knew anyone that could teach me this kinda stuff, I am making a good amount of money and I still live in a so so home, and I want to branch out so i can make more, I want to get started with real estate but i have no idea on even how to get started.
 
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