any of y'all ever bought a house?
- Thread starter CHRISHOGGALYPSE
- Start date
do your homework on the property and you will be ok. If you are trying to make a quick dollar your looking at the wrong investment. If you want solid investments buy property. I bought one in sacramento on 05, that pad is now making me 250 a month profit with tenants in it. I am in escrow on another one in san jose right now. A lot of property deals to be had right now if you can invest. Just buy smart and you wont regret it.
I bought my house out here in texas. Being from cali, i thought I got a good deal, and it's been good to me. Single dad with only one son, my three bedroom in a quiet neighborhood was good to fit my situation. One thing I regret though, I first thought I wouldn't be able to furnish my whole house. Now I feel like I could still fit a whole lot more in here that I want, but need to make room. Just a thought to take into consideration.
i resent that
bought my house when i was 22, but it is a brand new house...so i'm not sure how buying an older house would go; however my pops said it was even easier to buy an older house
be prepared to carry a burden bro. its a lot to handle...im not sure how it is in the USA but theres property tax on the 1st of every month, homeowners insurance, gas, electric, water, sewage, garbage takeaway, resident's association fees (if applicable in your community). Add in groceries, auto payments, auto insurance, spare money to buy fly clothing...its all about money management. And you're probably going to hafta fix that place up, i would imagine; it would be a good idea to make sure you have some money aside for that
You can always rent a room or your basement out to keep some extra money to youself each month.
at the end of the day, im sitting here bumpin a Tribe Called Quest loud as fuck in my underwear....and aint nobody sayin shit. That, to me, is priceless
bought my house when i was 22, but it is a brand new house...so i'm not sure how buying an older house would go; however my pops said it was even easier to buy an older house
be prepared to carry a burden bro. its a lot to handle...im not sure how it is in the USA but theres property tax on the 1st of every month, homeowners insurance, gas, electric, water, sewage, garbage takeaway, resident's association fees (if applicable in your community). Add in groceries, auto payments, auto insurance, spare money to buy fly clothing...its all about money management. And you're probably going to hafta fix that place up, i would imagine; it would be a good idea to make sure you have some money aside for that
You can always rent a room or your basement out to keep some extra money to youself each month.
at the end of the day, im sitting here bumpin a Tribe Called Quest loud as fuck in my underwear....and aint nobody sayin shit. That, to me, is priceless
I wouldnt call it a bad investment if you knew what you were getting yourself into and you had a plan. One of my best friends parents copped 3 homes in the $500k - $600k price range during the boom back in 2000-04. Back then, the values were appreciating in those brand new subdivisions that kept popping up. Once they appraised their homes and found out their home values increased drastically, they took out the equity and invested in their home country which is the Philippines.
The homie told me that they're parents didnt give a shit and knew they were going to foreclose them. Now they're ballin outta control with a mansion, a luxury condo with maids, personal drivers, benzs and 4 booming businesses back in the Philippines all because of the housing boom. They said they only came to the states to make money and save so they can live a better life in their home country.
Talk about pimpin the system.
The homie told me that they're parents didnt give a shit and knew they were going to foreclose them. Now they're ballin outta control with a mansion, a luxury condo with maids, personal drivers, benzs and 4 booming businesses back in the Philippines all because of the housing boom. They said they only came to the states to make money and save so they can live a better life in their home country.
Talk about pimpin the system.
I advise my fellow Northern Californians to avoid the valley ie( Modesto, Merced, Stockton, and Sacramento were the top 4 in the country as Miami was 5th. Foreclosures flood the territories.
I suggest if you are aiming at purchasing or renting to attempt to absorb as much research as possible before making a decision
I suggest if you are aiming at purchasing or renting to attempt to absorb as much research as possible before making a decision
well we have banks, insurance companies and real estate agents ripping off people who suffered through a floods, bushfires and a cyclone, so take a guess what the front page new story is....?
thats right, lindsay lohan........
moral of the story? humans are fucking stupid. So be smart. Don't get into something over your head. Investment properties are great for the long term and it's alot simpler than investing in anything else. Do your research, wait for a good deal and don't miss a payment.
thats right, lindsay lohan........
moral of the story? humans are fucking stupid. So be smart. Don't get into something over your head. Investment properties are great for the long term and it's alot simpler than investing in anything else. Do your research, wait for a good deal and don't miss a payment.
those are actually the best places in cali to buy the fattest house for the best price,if u have 150,000 u could buy a big 4 bedroom house in the valley, its a buyers market and not a sellers market but the only problem with sac and stockton is that there's no jobs and its not a good place to raise a family be cause public schools here don't teach shit.back in 2004 it was a sellers market and 4 bedroom houses costed $300,000 in sac, but now its cheaper and now is the time to get a good price in sac.
copped a duplex and the lot next door on a good deal...mortgage is almost half what my previous apt was. I rent one unit out and the tenant basicly pays my mortgage. Got a 3 car garage built to store the rags and lolow
My biggest regret....i decided im ready to get the fucc out of Indiana. But now im rooted here till i get this house paid down... or somebody cashes me out
My biggest regret....i decided im ready to get the fucc out of Indiana. But now im rooted here till i get this house paid down... or somebody cashes me out
