The Real Estate Thread: Buying/Selling/Tips/News

[bart]

Who has been to Belize? Thinking of doing a trip early next year, probably mostly on one of those little island resorts with a day or two inland.

[lennytheweedwhacker]

Are you purchasing it?

[tragabigzanda]

There is a wolf in me . . . fangs pointed for tearing gashes . . . a red tongue for raw meat . . . and the hot lapping of blood—I keep this wolf because the wilderness gave it to me and the wilderness will not let it go.

There is a fox in me . . . a silver-gray fox . . . I sniff and guess . . . I pick things out of the wind and air . . . I nose in the dark night and take sleepers and eat them and hide the feathers . . . I circle and loop and double-cross.

There is a hog in me . . . a snout and a belly . . . a machinery for eating and grunting . . . a machinery for sleeping satisfied in the sun—I got this too from the wilderness and the wilderness will not let it go.

There is a fish in me . . . I know I came from salt-blue water-gates . . . I scurried with shoals of herring . . . I blew waterspouts with porpoises . . . before land was . . . before the water went down . . . before Noah . . . before the first chapter of Genesis.

There is a baboon in me . . . clambering-clawed . . . dog-faced . . . yawping a galoot's hunger . . . hairy under the armpits . . . here are the hawk-eyed hankering men . . . here are the blonde and blue-eyed women . . . here they hide curled asleep waiting . . . ready to snarl and kill . . . ready to sing and give milk . . . waiting—I keep the baboon because the wilderness says so.

There is an eagle in me and a mockingbird . . . and the eagle flies among the Rocky Mountains of my dreams and fights among the Sierra crags of what I want . . . and the mockingbird warbles in the early forenoon before the dew is gone, warbles in the underbrush of my Chattanoogas of hope, gushes over the blue Ozark foothills of my wishes—And I got the eagle and the mockingbird from the wilderness.

O, I got a zoo, I got a menagerie, inside my ribs, under my bony head, under my red-valve heart—and I got something else: it is a man-child heart, a woman-child heart: it is a father and mother and lover: it came from God-Knows-Where: it is going to God-Knows-Where—For I am the keeper of the zoo: I say yes and no: I sing and kill and work: I am a pal of the world: I came from the wilderness.

[bart]

God damn it I meant to put that in the travel thread

[bart]

Guy I work with actually just came back from there last month. Bright his family, had a hell of a time.

Yeah I’m 90% sure we’re gonna do it, though we’re leaving the kids at home.

[Bluezewoo]

Using a home equity loan to fund the down payment on a second property can be a good option if the interest rate is favorable and you have a solid plan for how to repay the loan.
As for investing in a REIT, it's important to do your due diligence and research the manager and the property before making any decisions. A proven track record and a knowledgeable manager can be great indicators of a successful investment. If you need any help or guidance in making these decisions, consider reaching out to a mortgage broker in Chester. They can provide expert advice and help you navigate the complexities of home financing and investment strategies.

[Chris_H_2]

Guy I work with actually just came back from there last month. Bright his family, had a hell of a time.

Yeah I’m 90% sure we’re gonna do it, though we’re leaving the kids at home.

Go in late April / early May to dive with the whale sharks.

[Peeps]

me and my coworker both agree that there has to be something wrong with the structure of this place. maybe its on an abandoned cave, a toxic waste dump, painted with asbestos and lead

waiting for the disclosures to come back to see what exactly is wrong with it

[bodysnatcher]

The bedroom rug was actually white until the father killed his children and wife.

[Peeps]

on the disclosure it is sold AS IS (yes in all caps) and buyer assumes all liability. the septic tank is actually under the deck

its a contractors dream or a young persons dream. maybe a young contractors dream

[96583UP]

prob water / mold / termites

[doug rr]

looks turn key. good luck peeps

[Peeps]

thanks doug. if i was 10-15 years younger id give it a shot but that is going to be too much work for my old ass

there are two other properties i am going to look at tomorrow so lets cross our fingers

[wease]

I have a cousin that had his septic underneath the porch. It was NOT a good idea. Something happened and it had to be dug up and they basically destroyed the porch trying to switch it out.

[Peeps]

i got my pre-approval from Rocket and just barely qualified for their new program where you only have to put down 1% and they put down the rest of the downpayment through the loan. the downside is as most know the rates are kinda high right now and I am looking at 6.7-6.8 but it kinda off-sets the no putting a lot of money down. including closing costs i have around 45K to play with so this helps out a lot.

also got confirmation will be looking at two places tomorrow.

one is a townhome with a hoa for 150k and the other just popped up in my neighborhood for a whopping 88k. i figure the second one cant hurt to look at

plus once i find a place im pretty sure im getting a pooch

[bart]

Peeps I don’t think not putting money down offsets the high rates - it means you’re paying more in interest on a larger loan, right?

[tragabigzanda]

Well presumably he could invest some of what would be a down payment into a CD or some such and at least close the gap in the interest. Then the interest deduction from his taxes might take care of the rest.

[Peeps]

It’s not written in stone that I’ll do this but I can also put down between 5-12% which to me seems more realistic. I’d like to keep about 10k aside and use that as a general fund for any house work that may need done (townhome not much if anything needs done, house in my neighbor hood yes it needs some work but nothing back breaking)

[Bammer]

How far to the nearest grocery store?

[Peeps]

5-10 minutes