Making sawdust
Join Date: May 2004
Location: Minnesota
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Hi guys, long time no talky talky. Been adulting pretty hard since I had a kid, and now I’m in the last steps of buying my first house!
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Selfish Heathen
Join Date: May 2004
Location: Zone of Pain
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Congrats! And welcome to the next 15-30 years of debt!
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Sneaky Punk
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Not sure if I should say congrats, or you lucky dog you.
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@kk@pennytucker.social
Join Date: Jan 2005
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Congrats!
I actually just signed a contact for our first property purchase as well. Buying a rental property at the beach that we should be able to rent out fo make some good passive income. Won't be ready to go for this season, but hopefully we can get it renovated and such prior to the next summer season. No more Twitter. It's Mastodon now. |
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Mr. Vieira
Join Date: May 2004
Location: Tennessee
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I used to watch that Income Property show on HGTV back in the day, where people would renovate a basement or unused wing of their house and rent it out and have a nice income rolling in. That same guy, Scott something-or-other, is now doing a new show where he tackles the same with summer homes...fixes country/small-town/lakehouses up so the owners can have summer rental income properties. I like stuff like that, hearing about the smart way to spend money to get the most bang for the buck and appeal to renters (either seasonal/weekend, or full-time monthly). I've sometimes caught myself thinking about this... |
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@kk@pennytucker.social
Join Date: Jan 2005
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We just realized we're never going to be buying a house in NYC, so we may as well get something somewhere that will give us an asset and hopefully bringing in passive income.
Still spending a ton of money to do it, but even with that amount, it's nowhere near where we'd be able to get anything in the NYC area. We'll also be able to get some time at the beach next month hopefully after we close. It'll be the first time out of NYC since last March, save for 3 days in Maine last August. It'll be good. No more Twitter. It's Mastodon now. |
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Sneaky Punk
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Mr. Vieira
Join Date: May 2004
Location: Tennessee
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Murder is always an option.
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Veteran Member
Join Date: Nov 2006
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Seen a man standin' over a dead dog lyin' by the highway in a ditch He's lookin' down kinda puzzled pokin' that dog with a stick |
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Space Pirate
Join Date: May 2004
Location: Atlanta
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I would consider doing this ONLY if I could use a property management agency.
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Lord of the Rant.
Formerly turtle2472 Join Date: Mar 2005
Location: Upstate South Carolina
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You know, given the laws that prevented deadbeat renters from being able to be evicted during the pandemic there is no way I would own a rental without owning it outright. I know someone who was buying rentals (via loans) and had about 10 of them in the Charleston SC area. They were doing good and building some strong revenue out of it. Then the market crashed and they couldn't find stable renters. On top of that the husband died and he was the maintenance/repair guy for those properties. It was no pretty. The wife lost everything and literally had to start over with only a handful of the possessions they had.
Most property managers are *less* than apathetic. They just want the monthly passive income and the least amount of work to put into it. They will not save you. Mrs T and I had a home we rented out in the Orlando area because we became landlords by default. She owned the home before we met and just started renting it after the Navy moved her to Va. We had some good tenants, one drug dealer/pimp and mostly spend more turning the house over after a renter moved out that we made profit the entire time someone lived in it and paid rent. The property managers we had didn't even do a monthly drive by to see if the house was still standing. One day I might be like tomoe's friends, but don't think I'm going to head that route again. ThunderPoit, congratulations on getting a house! It sure feels much better knowing the place you live is your place. No landlord telling you what you can or can't do. You can put that picture on the wall anywhere you want! Louis L'Amour, “To make democracy work, we must be a nation of participants, not simply observers. One who does not vote has no right to complain.” Visit our archived Minecraft world! | Maybe someday I'll proof read, until then deal with it. |
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Which way is up?
Join Date: Aug 2004
Location: Boyzeee
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Congrats, ThunderPoit. Now, the fun begins. Lots of work with upkeep, repairs, etc. But, it's a good long-term investment sort of*.
I would much rather own a home than rent (it's also usually cheaper than renting). Pour your heart and soul into it. Make it yours (or rather, "hers" ). * I've got more money in equity in my home than I've ever seen, but no way to get to it and stay in Idaho. - AppleNova is the best Mac-users forum on the internet. We are smart, educated, capable, and helpful. We are also loaded with smart-alecks! :) - Blessed are the peacemakers, for they shall be called sons of God. (Mat 5:9) |
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Lord of the Rant.
Formerly turtle2472 Join Date: Mar 2005
Location: Upstate South Carolina
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Oh yeah, that reminds me. Mrs T and I have this goal to do at least one thing every week to make our house better for us. This might be a small change or a big one. After while the projects will kinda fall to the wayside and you become complacent with the house you live in. If you always try to improve at least one thing, it is really hard for neglect to creep up on your house. One thing a week is also a realistic and doable goal even with a completely full schedule.
Louis L'Amour, “To make democracy work, we must be a nation of participants, not simply observers. One who does not vote has no right to complain.” Visit our archived Minecraft world! | Maybe someday I'll proof read, until then deal with it. |
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Making sawdust
Join Date: May 2004
Location: Minnesota
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Finally got the appraisal back and we’re in the clear there. I’m bracing myself for the amount of upkeep this house will need as it was built in 1890. It’s a big beautiful old house, lots of awesome wood work, hardwood floors, and TWO sets of giant pocket doors!
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Space Pirate
Join Date: May 2004
Location: Atlanta
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Oh wow! You are going to have some serious adventures in that thing.
Is it in a historic district? Some folks I know bought a home in a small town, which is in a historic district. The husband wanted to take some unused bricks to complete a wall (made of those same bricks) and drew the ire of the historic organization. As it turns out, his rock star wife was steeped in historic district procedures and flexed her expertise at a subsequent meeting, which acted as a prison fight introduction to the historic neighborhood organization - street cred. ... |
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Making sawdust
Join Date: May 2004
Location: Minnesota
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Luckily I don’t have to worry about that. The previous owners did an awesome job keeping it in good shape, wiring was updated 20 years ago when they added on, forced air, finished attic. The inspector really liked it
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Lord of the Rant.
Formerly turtle2472 Join Date: Mar 2005
Location: Upstate South Carolina
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Nice! I lived in a house build in the 1920's years ago. That house still stands but I'm sure there is still no insulation in the walls at all. It was SO COLD in the winter. We went from a room being 100DegF with an electric baseboard heater to freezing in a room without heat. Doorways with blankets hanging over them. Heat was only in the rooms with running water.
Louis L'Amour, “To make democracy work, we must be a nation of participants, not simply observers. One who does not vote has no right to complain.” Visit our archived Minecraft world! | Maybe someday I'll proof read, until then deal with it. |
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Sneaky Punk
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Sounds awesome. A friend of mine rented an old farm house fir a few years, built in 1910. It needed restoration, but the beautiful wood floors, banisters, ceiling, stained glass windows, old tub and such were very period correct. Lead pipes needed to be replaced, and such things. The local historical society bought it and repaired it, but sadly some yahoo’s destroyed the stained glass.
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Lord of the Rant.
Formerly turtle2472 Join Date: Mar 2005
Location: Upstate South Carolina
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Oh yeah! I forgot about the windows. The one I lived in had blown glass. So odd looking through those windows when you compare them to a modern window.
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Making sawdust
Join Date: May 2004
Location: Minnesota
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YES! It has some of the original windows with those awesome distortions. I’m expecting in the finished attic that I will be needing to install a ductless air conditioner or some thing to make it usable for my home office. Luckily I am able to move 140 miles and still keep my job
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Making sawdust
Join Date: May 2004
Location: Minnesota
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Its ours!
I can't get enough of this kitchen! Years ago, my younger sister got this engraved cutting board for me and my wife. It was the first thing we put in the house |
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Mr. Vieira
Join Date: May 2004
Location: Tennessee
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Congrats. I think my dad and stepmom have that exact stove. The handle, controls, etc. all look the same. Looks nice. You’ll soon be spending more time at Hone Depot and Lowe’s than you ever dreamed possible.
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Space Pirate
Join Date: May 2004
Location: Atlanta
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Best News Of The Week Award!!!
♥️♥️♥️ |
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Making sawdust
Join Date: May 2004
Location: Minnesota
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I’ll be replacing the stove with gas as soon as I can. I’m going to miss it every day until I do
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Selfish Heathen
Join Date: May 2004
Location: Zone of Pain
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Nice!
Don't forget to change all your locks! It'll take a few hours, but it's absolutely necessary for peace of mind. Who knows who else still has an old key copy… (Plus you don't want pictures of your keys on the internet in case someone looks up your address.) The quality of this board depends on the quality of the posts. The only way to guarantee thoughtful, informative discussion is to write thoughtful, informative posts. AppleNova is not a real-time chat forum. You have time to compose messages and edit them before and after posting. |
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Space Pirate
Join Date: May 2004
Location: Atlanta
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Already found them. Love the fish-shaped mailbox!!
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9" monochrome
Join Date: May 2004
Location: 🇦🇺
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Congrats ThunderPoit!
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Lord of the Rant.
Formerly turtle2472 Join Date: Mar 2005
Location: Upstate South Carolina
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Congrats ThunderPoit!
It feels good finally owning something like a house doesn't it! It is yours to make changes and tweak the way you want without having to get permission. And yeah, I would definitely change the locks. My mom got robbed in the Atlanta area right after she moved in. No sign of forced entry but they got cleaned out. Plus, cutting keys from images is a thing. Louis L'Amour, “To make democracy work, we must be a nation of participants, not simply observers. One who does not vote has no right to complain.” Visit our archived Minecraft world! | Maybe someday I'll proof read, until then deal with it. |
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Veteran Member
Join Date: May 2004
Location: A small town near Wolfsburg, Germany
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Congrats ThunderPoit.
Now your endless journey of home improvement begins... |
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