ibrokeit
Brock Higdon- Auburn, AL
lowbudgetjunk said:Steve needs to open the GAP back up.
FIFY
lowbudgetjunk said:Steve needs to open the GAP back up.
bad80cj said:What is a good solid way for me to build my credit. As of the past 12 years I have been a cash only person. I would love to own my own property nothing extravagant just something to call mine and home?
xjkrawler said:When my wife and i got married we started with Dave Ramsey principles. We never had a credit card or any debt.... but now we are in the process of buying our first house and cant qualify for a decent interest rate because of our minimal credit history.... sucks that someone who pays cash for everything trys to get a loan for a house and has to jump through hoops to get a decent interest rate.
bad80cj said:That's the thing I refuse to get a credit card. As far as going to a bank that would mean I would have to buy something. lol
bobo said:IMO the whole credit system is a rigged game.
The only way to build credit is to take out loans or get credit cards & pay off the balance over time so the credit companies can get there interest money. If you use a credit card & pay the balance off in full every month you build little to no credit assuming the companies report it at all. Miss 1 payment & you will be reported before you know what is going on.
So if you have paid cash for everything your entire life and want to borrow money to buy a house you are **** out of luck.
The borrower is a slave to the lender & that is just the way they want to keep it.
Just another way they are keeping the white man down :****:
Jeremy
TacomaJD said:Pertaining to renter properties, I've often wondered if my current house/property would be worth the trouble to rent out once I move out of it into something bigger (which probably won't happen until I get married). I've heard some say it alone wouldn't be worth the hassle, but then some say well hell yeah it'd be great for that.
My house is small, but perfect for me living alone (specs below). Cheap to maintain. Would y'all see it worth renting out, or just selling one day and pocketing the extra money it sells for over what I owe on it at the time?
8 1/2 years old total, this month is exactly 5 years since I bought it from the original owners.
roughly 1000 sq. ft. / 2 bedroom and 2 full bath
hardwood in kitchen/living room, carpet in bedrooms, linoleum in bathrooms
Vinyl siding, shingle roof
Full electric appliances and air/heat unit, but the gas company just plumbed natural gas line alongside the road in my front yard late last year.
Just built a 20x24 all metal shop beside it almost 2 years ago.
Also has a 10x12ish portable storage building.
Am about to have the driveway graveled a little wider and all the way up to the front of the shop.
Sits on roughly 1/2 acre lot, remotely close to small town.
TBItoy said:Looks like a perfect single family rental to me.
I'd have at least one rental property now if it wasn't for my wife, it'll pretty much be hell or high water before we own a rental property while we still live in the shophouse...
TacomaJD said:Or kids my age looking to move out on their own but not ready for mortgage commitment.
There's a slab house about equal size to mine and about the same land, with no other structures, that's been a renter house ever since I've lived in mine. Don't know who actually owns it, but there's been about 4 or 5 different families that's lived there, and currently a friend of mine is renting it alone. Used to be a hot single mom that lived there that I got to bang, but that's beside the point.
I just know that I don't know everything about renting, especially with all the associated costs. I know that corner house beside mine rents for $525 a month
and I know I'd be able to get that or more out of mine since it has a shop and storage building. And even at $525, that's more than my mortgage payment, which is only about $450 after escrow for ins. and land tax.
I guess the thing I'd need to do would be save a good little pot of money to set aside for when things failed or leaked. Central units ain't cheap and I've never had a problem out of mine so it'll probably take a **** within the next 3-5 years. It's a Goodman, so I highly recommend that brand!
TacomaJD said:Or kids my age looking to move out on their own but not ready for mortgage commitment.
There's a slab house about equal size to mine and about the same land, with no other structures, that's been a renter house ever since I've lived in mine. Don't know who actually owns it, but there's been about 4 or 5 different families that's lived there, and currently a friend of mine is renting it alone. Used to be a hot single mom that lived there that I got to bang, but that's beside the point.
I just know that I don't know everything about renting, especially with all the associated costs. I know that corner house beside mine rents for $525 a month
and I know I'd be able to get that or more out of mine since it has a shop and storage building. And even at $525, that's more than my mortgage payment, which is only about $450 after escrow for ins. and land tax.
I guess the thing I'd need to do would be save a good little pot of money to set aside for when things failed or leaked. Central units ain't cheap and I've never had a problem out of mine so it'll probably take a **** within the next 3-5 years. It's a Goodman, so I highly recommend that brand!
bad80cj said:What is a good solid way for me to build my credit. As of the past 12 years I have been a cash only person.
TBItoy said:**** Goodman and their 10 year warranty right in their assholes!
My central unit has been broken for 6 weeks waiting on a condenser coil.
When I called the HVAC guy (that installed it 6 years ago) and told him what was going on, he says "Yeah, the coils are rotting out of that model, we've rebuilt 5 already this year"
When he called to get the parts, no distributors have a condenser coil, and Goodman says "We've got that part on production schedule, but we're about 7-8 weeks behind".
I went and bought 2 window units.
There's a chance the parts may come in next week...
Goodman