135 per room? Damn that's cheap. I'm charging my friend 600 for his room and bathroom.It's about 62% of mine, and I'll still have money budgeted for savings. Wtf are you spending all your money on
Plus, you can rent out a couple rooms in the house. You'll easily get 135 per room, which brings your payment down to $920 a month, normally lowers the cost of utility bills per person too.
I'd probably supplement my mortgage payments though instead of decreasing the payments out of my own account, there's a weird thing with loans where the first age is spent hardly making a dent simply due to the interest accruing on that massive loan monthly being pretty much equal to your 2k repayment
I'd say sure but it'll take that long for round trip and testing anyways.
It's about 62% of mine, and I'll still have money budgeted for savings. Wtf are you spending all your money on
Plus, you can rent out a couple rooms in the house. You'll easily get 135 per room, which brings your payment down to $920 a month, normally lowers the cost of utility bills per person too.
I'd probably supplement my mortgage payments though instead of decreasing the payments out of my own account, there's a weird thing with loans where the first age is spent hardly making a dent simply due to the interest accruing on that massive loan monthly being pretty much equal to your 2k repayment
Basically if you see me in "what you just bought" buying expensive **** all the time, I am probably depressed. It's very destructive..
in fact, my rent is ~1.3k and with the above my new payments would be $800-$920/mo, so buying a house is going to save me money I find that weirdly funny lol, shows how screwed our rental market is atm.
Yea well my first year my mortgage will be 900 technically, but I'm taking that 600 and adding it to pay off principal quicker. My property taxes were done with just a piece of land because my house wasn't built until after the first of the year. Next year I'll get slammed with property taxes but I'm getting with my lender January of 2018 to get my homestead deduction going so that'll lower my property taxes and using my return to pay off the year so my mortgage stays at 1500 and I continue to put that extra 600 towards principal. By September or maybe even sooner my gf will be on her OB job getting paid so she has the option to cover some bills or pay a flat rate and I can do what I want with it*. I know that she will just give me the flat rate because she acts like a child toward responsibility so putting that toward payment too. That's an extra grand a month toward principal. Also plan on refinancing next year too, so with all that extra on principal, property taxes covered, and paying no PMI my mortgage payment will be even less. I'm doing this to pay the initial bulk quicker and in the event I might lose my job the monthly mortgage will be about the same I pay for my rent house. Speaking of that, my mortgage right now is cheaper than any rent house that's smaller than my house in the area. I'm paying 1250 a month for a 3 bed 2 bath 1000sqft rent house and my mortgage is 1541 for the 3000sqft 4 bed 3 bath house. My house cost is 254k, I'm paying 239, it was appraised at 267, and when I move in it'll be worth 280 already. Talk about equity lol.^+1 for Rekorderlig, love their winter cider. Bit too sweet for me to have anything more than 1 bottle though, even that is pushing it sometimes. I'm definitely more a beer guy
600 mo? Yeah you'd likely get the same over here. I just wanted to go conservative just to show how easily you could already reduce your mortgage payments by more than 50%
Edit:
Actually, in Colorado one of my ideas was to make a big basement and put a triple wide on the ground over the basement. I drew up a really neat idea that would work well and be stupid cheap. Since Colorado doesn't have **** land like Texas a basement wouldn't be as expensive, and the weather is pretty lax there too.
Yeah sounds like you make plenty enough to do what I'm planning on doing, just gotta get all those loans out of the way.
I mean, all this is for me is another loan, only difference is I get an appreciating asset instead of a depreciating one
I grew up in a mobile home the later years of my youth and with the weather we get here there's no way I'll buy a mobile home. I helped a friend rebuild one properly and after seeing the quality of what was considered a "top quality builder" I just can't. Sure, you can get a big *** mobile home for like 90k but the build quality is just terrible. I'd be spending another 30k easy just making it close to as efficient as a built home. Growing up as a kid with paper thin walls sucked. On the flip side, adding any interior cabling was stupid easy, as was adding things like light fixtures or ceiling fans.My house payment is 541/month, and that includes escrow (insurance and property taxes).
