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Thinking of copping an 80k house in flyover on 150k salary...CR?

We can legit stack almost everything every month
Boyish mood library
  11/17/17
...
Boyish mood library
  11/17/17
...
Boyish mood library
  11/17/17
Describe this house
Twisted dilemma liquid oxygen
  11/17/17
2 story townhouse, but no HOA fees. 2 or 3 bed, 2 bath. its ...
Boyish mood library
  11/17/17
that actually sounds pretty reasonable
light zippy public bath
  11/17/17
i am amazed at how cheap flyover is - I should have moved lo...
Boyish mood library
  11/17/17
150k outside the coasts is very solid. in actual flyover it...
light zippy public bath
  11/17/17
CR, it's like making 800k-1MM in MFH in terms of QOL just...
Boyish mood library
  11/17/17
whats the mortgage on 80K? Like $400 ?
Spectacular gold round eye
  11/17/17
i dunno - we can pay the entire thing in cash, but it's prob...
Boyish mood library
  11/17/17
It will be about 300 in principle and interest and another 3...
Bright mind-boggling macaca legend
  11/17/17
with 15% down, the website suggests it's around 400 a month,...
Boyish mood library
  11/17/17
Your principle and interest will be $299.67 with a 20% down ...
Bright mind-boggling macaca legend
  11/17/17
600 is not bad at all, if u can get all of the interest dedu...
Boyish mood library
  11/17/17
Ofs, a complete bargain. You cant even rent for that much un...
Bright mind-boggling macaca legend
  11/17/17
CR flyover is 1 fucking 80
Boyish mood library
  11/17/17
what does an 80k house even look like lmao
light zippy public bath
  11/17/17
smallish townhouse (but way bigger than any apt we've had in...
Boyish mood library
  11/17/17
lol, I can legit work at Starbucks and live better than I do...
Boyish mood library
  11/17/17
...
awkward exhilarant dingle berry field
  11/17/17
it's a smallish yard (still bigger than what u can find in a...
Boyish mood library
  11/17/17
make sure you build a big fence so the bird stomper doesn't ...
light zippy public bath
  11/17/17
CR i'm going to buy a gun and shoot intruders at first si...
Boyish mood library
  11/17/17
I love the "thinking of" XO threads. you proba...
Tan thriller antidepressant drug filthpig
  11/17/17
i've moved around a shit ton as a kid and lived in flyover b...
Boyish mood library
  11/17/17
lol @ this flame
Impressive Confused Idea He Suggested
  11/17/17
if you move to Texas, etc. this is legit possible my budd...
Boyish mood library
  11/17/17
I live in even more legit ARE COUNTTTTRY than Texas, and unl...
Impressive Confused Idea He Suggested
  11/17/17
i'm looking at townhouses, brother - that's like automatic 1...
Boyish mood library
  11/17/17
LJL, better cop a good quality shotgun. this part of the cou...
Impressive Confused Idea He Suggested
  11/17/17
...
Boyish mood library
  11/17/17
Kids? Plan for kids?
Umber Volcanic Crater Parlour
  11/17/17
not yet, but probably just one other option is a larger h...
Boyish mood library
  11/17/17
The house you're looking at sounds fine for a couple with no...
Umber Volcanic Crater Parlour
  11/17/17
yeah this is what my mother says - she thinks we should get ...
Boyish mood library
  11/17/17
Dallas? or Houston?
Impressive Confused Idea He Suggested
  11/17/17
...
Boyish mood library
  11/17/17
...
Boyish mood library
  11/17/17
CR. As you said above, housing in flyover isn't an investme...
Onyx mad-dog skullcap becky
  11/17/17
Why are you all such scheming jews? Lol at buying a house wi...
talented sienna telephone theatre
  11/17/17
*adjusts yarmulke*
Boyish mood library
  11/17/17
LOL. I'm far from Jewish. And it's buying two fucking hous...
Onyx mad-dog skullcap becky
  11/17/17
(guy sharing a wall with a methhead)
talented sienna telephone theatre
  11/17/17
Methed who PAYS HIS MORTGAGE brother.
Onyx mad-dog skullcap becky
  11/17/17
...
Boyish mood library
  11/17/17
CR, I've thought about this too - I wanted to get into sluml...
Boyish mood library
  11/17/17
Ya, definitely possible in flyover. Not sure I'd do slumlor...
Onyx mad-dog skullcap becky
  11/17/17
yeah, i guess i'll start small. would love to invest in apt...
Boyish mood library
  11/17/17
Ha, ya, not sure I'd want to be that close to my mom but goo...
Onyx mad-dog skullcap becky
  11/17/17
180 about the tax benefits i think duplex sounds like the...
Boyish mood library
  11/17/17
do it https://www.youtube.com/watch?v=zI3WdytWJvc
nubile odious locus
  11/17/17
...
Boyish mood library
  11/17/17
...
Boyish mood library
  11/25/17
...
Boyish mood library
  11/28/17


Poast new message in this thread



Reply Favorite

Date: November 17th, 2017 3:25 PM
Author: Boyish mood library

We can legit stack almost everything every month

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711298)



Reply Favorite

Date: November 17th, 2017 3:26 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711307)



Reply Favorite

Date: November 17th, 2017 3:27 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711318)



Reply Favorite

Date: November 17th, 2017 3:28 PM
Author: Twisted dilemma liquid oxygen

Describe this house

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711329)



Reply Favorite

Date: November 17th, 2017 3:29 PM
Author: Boyish mood library

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)



Reply Favorite

Date: November 17th, 2017 3:31 PM
Author: light zippy public bath

that actually sounds pretty reasonable

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711358)



Reply Favorite

Date: November 17th, 2017 3:31 PM
Author: Boyish mood library

i am amazed at how cheap flyover is - I should have moved long ago, FMA

the salaries are high as fuck too, comparatively speaking

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711363)



Reply Favorite

Date: November 17th, 2017 3:34 PM
Author: light zippy public bath

150k outside the coasts is very solid.

in actual flyover it's balling out of control

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711391)



Reply Favorite

Date: November 17th, 2017 3:35 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711395)



Reply Favorite

Date: November 17th, 2017 3:29 PM
Author: Spectacular gold round eye

whats the mortgage on 80K? Like $400 ?

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711333)



Reply Favorite

Date: November 17th, 2017 3:29 PM
Author: Boyish mood library

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)



Reply Favorite

Date: November 17th, 2017 3:36 PM
Author: Bright mind-boggling macaca legend

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)



Reply Favorite

Date: November 17th, 2017 3:37 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711415)



Reply Favorite

Date: November 17th, 2017 3:44 PM
Author: Bright mind-boggling macaca legend

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.

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711492)



Reply Favorite

Date: November 17th, 2017 3:49 PM
Author: Boyish mood library

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)



Reply Favorite

Date: November 17th, 2017 3:57 PM
Author: Bright mind-boggling macaca legend

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)



Reply Favorite

Date: November 17th, 2017 3:58 PM
Author: Boyish mood library

CR

flyover is 1 fucking 80

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711605)



Reply Favorite

Date: November 17th, 2017 3:29 PM
Author: light zippy public bath

what does an 80k house even look like lmao

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711334)



Reply Favorite

Date: November 17th, 2017 3:31 PM
Author: Boyish mood library

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)



Reply Favorite

Date: November 17th, 2017 3:34 PM
Author: Boyish mood library

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)



Reply Favorite

Date: November 17th, 2017 3:37 PM
Author: awkward exhilarant dingle berry field



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711416)



Reply Favorite

Date: November 17th, 2017 3:39 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711437)



Reply Favorite

Date: November 17th, 2017 3:39 PM
Author: light zippy public bath

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)



Reply Favorite

Date: November 17th, 2017 3:40 PM
Author: Boyish mood library

CR

i'm going to buy a gun and shoot intruders at first sight

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711446)



Reply Favorite

Date: November 17th, 2017 3:40 PM
Author: Tan thriller antidepressant drug filthpig

I love the "thinking of" XO threads.

you probably wont do any of this

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711447)



Reply Favorite

Date: November 17th, 2017 3:40 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711453)



Reply Favorite

Date: November 17th, 2017 3:42 PM
Author: Impressive Confused Idea He Suggested

lol @ this flame

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711465)



Reply Favorite

Date: November 17th, 2017 3:42 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711475)



Reply Favorite

Date: November 17th, 2017 3:44 PM
Author: Impressive Confused Idea He Suggested

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)



Reply Favorite

Date: November 17th, 2017 3:45 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711504)



Reply Favorite

Date: November 17th, 2017 3:46 PM
Author: Impressive Confused Idea He Suggested

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)



Reply Favorite

Date: November 17th, 2017 3:47 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711514)



Reply Favorite

Date: November 17th, 2017 3:50 PM
Author: Umber Volcanic Crater Parlour

Kids?

Plan for kids?

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711536)



Reply Favorite

Date: November 17th, 2017 3:51 PM
Author: Boyish mood library

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



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711543)



Reply Favorite

Date: November 17th, 2017 3:52 PM
Author: Umber Volcanic Crater Parlour

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.

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711553)



Reply Favorite

Date: November 17th, 2017 3:53 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711561)



Reply Favorite

Date: November 17th, 2017 3:54 PM
Author: Impressive Confused Idea He Suggested

Dallas? or Houston?

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711568)



Reply Favorite

Date: November 17th, 2017 3:56 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34711586)



Reply Favorite

Date: November 17th, 2017 8:55 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34713670)



Reply Favorite

Date: November 17th, 2017 9:14 PM
Author: Onyx mad-dog skullcap becky

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.

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34713852)



Reply Favorite

Date: November 17th, 2017 9:16 PM
Author: talented sienna telephone theatre

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34713872)



Reply Favorite

Date: November 17th, 2017 9:34 PM
Author: Boyish mood library

*adjusts yarmulke*

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714047)



Reply Favorite

Date: November 17th, 2017 9:37 PM
Author: Onyx mad-dog skullcap becky

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)



Reply Favorite

Date: November 17th, 2017 9:42 PM
Author: talented sienna telephone theatre

(guy sharing a wall with a methhead)

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714121)



Reply Favorite

Date: November 17th, 2017 9:44 PM
Author: Onyx mad-dog skullcap becky

Methed who PAYS HIS MORTGAGE brother.

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714128)



Reply Favorite

Date: November 17th, 2017 9:45 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714144)



Reply Favorite

Date: November 17th, 2017 9:32 PM
Author: Boyish mood library

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.

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714013)



Reply Favorite

Date: November 17th, 2017 9:38 PM
Author: Onyx mad-dog skullcap becky

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)



Reply Favorite

Date: November 17th, 2017 9:40 PM
Author: Boyish mood library

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

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714109)



Reply Favorite

Date: November 17th, 2017 9:43 PM
Author: Onyx mad-dog skullcap becky

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.

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714125)



Reply Favorite

Date: November 17th, 2017 9:45 PM
Author: Boyish mood library

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 :(

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714142)



Reply Favorite

Date: November 17th, 2017 9:32 PM
Author: nubile odious locus

do it

https://www.youtube.com/watch?v=zI3WdytWJvc

(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714016)



Reply Favorite

Date: November 17th, 2017 9:34 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34714037)



Reply Favorite

Date: November 25th, 2017 4:03 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34769391)



Reply Favorite

Date: November 28th, 2017 8:38 PM
Author: Boyish mood library



(http://www.autoadmit.com/thread.php?thread_id=3800831&forum_id=2#34793550)