New home for the Speed.

chuyler1 said:
That's a million dollar home here in Massachusetts. Wish I could afford that.
Try the DC metro area. Depending on the lot size, $1.5-2m easy. Let me put it in perspective: my 1 bedroom condo I bought last year for ~$140k Market value on it now, only 1 year later, is ~$190k
 
yashooa said:
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)

damn, you definately know your s*** about real estate. im just getting into it. i work at a title company, so im starting to get to know my way around the business. we bought our first house 2 years ago (right after i turned 19) for 7k less than its appraised value, so we are sitting pretty on about 10k equity now that property values have SOARED around here (starter homes go for 125k here). so hopefully i'll be where your at here in a couple years =).
 
mazdaspeedpower said:
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.

Wow thanks for nice comments. The grass is dormant right now so it is basically "semi-dead" until the spring. The picture was taken as they were laying it it down. It is nice and flat now and I will use this heavy,water filled, baby steam roller thing to press the sod portions together. Come Spring it will look as good as a 220 ft long green pair o-teets :)
 
sam1 said:
damn, you definately know your s*** about real estate. im just getting into it. i work at a title company, so im starting to get to know my way around the business. we bought our first house 2 years ago (right after i turned 19) for 7k less than its appraised value, so we are sitting pretty on about 10k equity now that property values have SOARED around here (starter homes go for 125k here). so hopefully i'll be where your at here in a couple years =).

Get this, my company is building a new highway right down to the development that will cut the commute time in half! It will be done in late 2008 so I will be able to sell this one build another one and just be approaching the beginging of the 3rd one when the road is complete.
I am glad it is taking so long because after the new road is in the land value will go way up.
God bless urban sprawl :)
 
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P5 Pealit said:
Is that 15,000' of dirt sod? looks a bit under colored. God bless ya for being able to buy that house. Good luck.
One my camera is cheap, two the sun was bright, and --sigh-- third it is the middle of the winter here so it is all dormant. The sod is TIFF 419 it is very drought tolerant, loves the sun and will be nice and green by the spring.
It is exactly the same thing they use on a lot of golf courses around here.
The year round green stuff won't make it through our hot summers so no blue grass or other such things that look good in the winter.
 
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MiaTurbo said:
Try the DC metro area. Depending on the lot size, $1.5-2m easy. Let me put it in perspective: my 1 bedroom condo I bought last year for ~$140k Market value on it now, only 1 year later, is ~$190k

The lot size is 220x120 just over half and acre.
 
yea dude you couldnt even find a lot that big in the NoVa/DC metro area. I looked into moving to Texas a couple of years ago but my other half didnt want to make the move. So now I'm stuck in this hell called the DC metro area!
 
Titanium said:
yea dude you couldnt even find a lot that big in the NoVa/DC metro area. I looked into moving to Texas a couple of years ago but my other half didnt want to make the move. So now I'm stuck in this hell called the DC metro area!

I will be in Emmittsburg the 02/25 - 02/27
 
chuyler1 said:
That's a million dollar home here in Massachusetts. Wish I could afford that.

dont forget heating costs.....thats a lot of sq footage. I bet he has some cathedral ceilings too? cha-ching cha-ching
 
slug420 said:
dont forget heating costs.....thats a lot of sq footage. I bet he has some cathedral ceilings too? cha-ching cha-ching
Got that covered. I have r30 spray foam insulation in the walls that is hard as concrete once it solidifies. I also have the most efficient HVAC units made they are ser (spelling?)19! My heating/cooling costs will be minimal :)
My attic has 3 inches of this foam that oozes through every opening, light fixture mounts, every crack, every space gets filled with it. The first inch seals out over 90% of the air. Then r38 is blown in on top of the hardened foam which is about r7.5 per inch so r21+r38. You can even walk across the attic after the foam solidifies. The ducts and the units are coated in an inch of the same stuff.
http://www.msprotege.com/members/yashooa/DSCF0603.JPG
http://www.msprotege.com/members/yashooa/DSCF0766.JPG
http://www.msprotege.com/members/yashooa/DSCF0770.JPG
http://www.msprotege.com/members/yashooa/11-07-04%20004.jpg
 
TheJohnny said:
and what do you do for a living again. I want your job please.
I am just a computer Tech well a Senior Technical Desktop Support Analyst.
I fix all the bulls*** that people break constantly and confer with the unit leaders on certain types of desktop hardware and keep them abreast of all the latest hardware changes. I get to help spec their desktops, workstations, and mobile computing hardware. I also get to buy a lot of other hardware and on occasion I get to build a nice dual custom box for 3d design work or water modeling.
I have to fix everything from Citrix to Card Scan. Most days it is great but some days it sucks! Like when they "fix" their own s***. (headshake
 
can i ask what you have a degree in? I'm trying to decide whether or not to continue doing Managment Information Systems (Buisness + Computer SCI) or just going to buisness managment...
 
daedalus said:
can i ask what you have a degree in? I'm trying to decide whether or not to continue doing Managment Information Systems (Buisness + Computer SCI) or just going to buisness managment...

I wouldnt base it on yashooa's experiences. 99% of the people I have met who are in his field are in at the very bottom of the IT pay scale and none live as luxuriously as he appears to. In fact I am guessing that his career has very little to do with the house he posted pictures of as it is more likely the result of smart investing and hitting it rich a couple times in real estate than it is the salary of a desktop technician.

base your degree on what you want to do. If you want to work with computers/technology than go with the MIS, then if you decide you want to get into management go back to school and get the mba. if you are enjoying IT work then dont bother with the mba because once you make it to management you wont be doing it anymore.
 
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