Lion82 said:

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Buy something built after 2000 in a popular school district that rents for $1100 month or more. One story if possible. Solid surface counters and vinyl plank floors. Don't pay tenant utilities or provide furniture.
Run credit and criminal history on all applicants. Shoot for 650 credit scores or better. Require 12 month leases. Fix stuff when it beaks. Invest in good software like Appfolio where tenants can apply, pay and sign documents online.
Expect 6 to 10 % returns and hope for appreciation. Put at least 20% down and get a 15 yr mortgage or Less. Don't pledge existing properties for new properties. Don't take money out until debt is paid off. You need at least a $5000 reserve you never touch for each property.

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Where in the world are you finding properties that fit that description?

I'll use my own area.

First house that pops up: built in 2003, selling price $344,900. Financed at 15 years with 20% down factoring taxes you're looking at around $2,700 a month. For that to be worth my while I'm thinking I would want to rent it for like $3,500 at least. I don't see how that would be a good investment at $3,000/mo (10%).

Are you saying on a house that rents for $1,100 you're paying $1,000/mo? At that rate to get to the $5,000 reserve would take you almost 5 years and surely in 5 years the house needs something that cost you 5k or more.

Canada2017 said:

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J.R. said:

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Flaming Moderate said:

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J.R. said:

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Flaming Moderate said:

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J.R. said:

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Canada2017 said:

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Easy rules

A. Only buy newer or new properties
B. Upper end properties with higher rents bring better tenants .
C. Only buy properties that make sense.....positive cash flow .
D. Always put them on a 15 year mortgage note .
E. At least here in Colorado...everyone has a dog . 400 dollar non refundable pet deposit.
F. Never rent to college students .
G. Never rent by the room .
H. Never be a slum lord .

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This is from a multifamily perspective.
A) I never buy new or newer. There has to be value add to make $
B)Not really. The best performing properties we own are very middle income and primarily Hispanic
C)No, you buy properties with upside (hair on them)
D)I'm talking multifamily. We finance, generally interest only, rehab them, lease them up, raise rents and the refinance to take most of our equity out
E)Unfortunately, pet are lie people these days. They are part of the deal. Factor accordingly
F)Agree with this. Student housing is a serious hassle
G)Agree
H)Don't know what you mean by this. Somebody's slum is another person's palace.

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Can I ask you a stupid question. How many units? Are you talking about a duplex or a 500-unit complex? Assuming something in-between, but are there many of those out there? Thanks.

And thanks to all of you - JR, Canada, Mike, etc., for sharing your expertise.

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sure. We do 200-700 doors per deal. I have some quads that I own personally, but most are bigger properties . Deals are usually $20M-$40M.

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Thanks. Guessing one doesn't just walk into the local Chase and get that loan.

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correct. Our transactions are basically 15% equity and lever the rest up. Just like a lot of transactions, It's good when it is good until it isn't. Unfortunately, alot of my tenants are certainly retail people and service industry people who live paycheck to paycheck. For those folks, miss one paycheck and the can't pay rent....I still have to pay our lenders. Specifically, to your question....we will use Fannie/Fredie or large banks that specialize in that type of lending.

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I never like to have my fate in the hands of bankers .

Yeah when things are good they take you out to dinner ....but when things get bad they break you .

Seen it over and over with various associates both in farming and construction.

So I always expanded step by step and never got too exposed .

Never a big player but adequate for our lifestyle.

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I agree on bankers!

nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

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I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

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I've owned two homes. I guess I hate paying $1,500 per month and then I have to buy all the things for upkeep...mower, weed eater, HVAC, roof....all that crap. Why not just pay $1,500 for a two-bedroom apartment? Lock and go!

I've finally gotten my wife to agree to apartment living for a few years after retirement. Probably in the Keller, HEB, Frisco, Plano swath...

I'm liking new home developments with PID's because the home prices are about $100k less for the same floor plans in neighboring cities. New homes have warranties and you've got a lot of time before things need repairs.

Buy in cities that have massive projected growth: landlocked areas in far north Dallas.

fadskier said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

I've owned two homes. I guess I hate paying $1,500 per month and then I have to buy all the things for upkeep...mower, weed eater, HVAC, roof....all that crap. Why not just pay $1,500 for a two-bedroom apartment? Lock and go!

I've finally gotten my wife to agree to apartment living for a few years after retirement. Probably in the Keller, HEB, Frisco, Plano swath...

---

My real issue that $1,500/mo just doesnt really buy you much home these days. I live pretty modestly but we look all the time. I dont think there is a house in the school district I need to be in (shared custody) that I would consider an "upgrade" for less than 350-450k and if I wanted a real true to god "upgrade" I might have to spend 500k. Unless you have 1/2 down you arent coming close to $1,500/mo.

My only issue with apartment living is that I require garage space which is impossible to get at an apartment in the size I need so it's an additional expense.

nein51 said:

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fadskier said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

I've owned two homes. I guess I hate paying $1,500 per month and then I have to buy all the things for upkeep...mower, weed eater, HVAC, roof....all that crap. Why not just pay $1,500 for a two-bedroom apartment? Lock and go!

I've finally gotten my wife to agree to apartment living for a few years after retirement. Probably in the Keller, HEB, Frisco, Plano swath...

---

My real issue that $1,500/mo just doesnt really buy you much home these days. I live pretty modestly but we look all the time. I dont think there is a house in the school district I need to be in (shared custody) that I would consider an "upgrade" for less than 350-450k and if I wanted a real true to god "upgrade" I might have to spend 500k. Unless you have 1/2 down you arent coming close to $1,500/mo.

My only issue with apartment living is that I require garage space which is impossible to get at an apartment in the size I need so it's an additional expense.

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Yeah, that's a good point. We only have two cars and not alot of stuff so I could do with covered parking.

nein51 said:

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fadskier said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

I've owned two homes. I guess I hate paying $1,500 per month and then I have to buy all the things for upkeep...mower, weed eater, HVAC, roof....all that crap. Why not just pay $1,500 for a two-bedroom apartment? Lock and go!

I've finally gotten my wife to agree to apartment living for a few years after retirement. Probably in the Keller, HEB, Frisco, Plano swath...

---

My real issue that $1,500/mo just doesnt really buy you much home these days. I live pretty modestly but we look all the time. I dont think there is a house in the school district I need to be in (shared custody) that I would consider an "upgrade" for less than 350-450k and if I wanted a real true to god "upgrade" I might have to spend 500k. Unless you have 1/2 down you arent coming close to $1,500/mo.

My only issue with apartment living is that I require garage space which is impossible to get at an apartment in the size I need so it's an additional expense.

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My $1,500 is my budget for retirement. I get huge lump sum and the about $6,000 per month for the rest of my life. I do not want to be house poor or worry about crap when I'm out traveling.

fadskier said:

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nein51 said:

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fadskier said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

I've owned two homes. I guess I hate paying $1,500 per month and then I have to buy all the things for upkeep...mower, weed eater, HVAC, roof....all that crap. Why not just pay $1,500 for a two-bedroom apartment? Lock and go!

I've finally gotten my wife to agree to apartment living for a few years after retirement. Probably in the Keller, HEB, Frisco, Plano swath...

---

My real issue that $1,500/mo just doesnt really buy you much home these days. I live pretty modestly but we look all the time. I dont think there is a house in the school district I need to be in (shared custody) that I would consider an "upgrade" for less than 350-450k and if I wanted a real true to god "upgrade" I might have to spend 500k. Unless you have 1/2 down you arent coming close to $1,500/mo.

My only issue with apartment living is that I require garage space which is impossible to get at an apartment in the size I need so it's an additional expense.

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Yeah, that's a good point. We only have two cars and not alot of stuff so I could do with covered parking.

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I have a 15' long $50,000 toolbox, nevermind the litany of tools and equipment I own plus mowers plus grills, plus, plus, plus. I actually dont know how anyone who works on anything can get by with a 2 car garage. I have so little room that I have a 350 block on an engine stand in my basement because there is no room in the garage.

I could probably use a 60'x80' and if I really wanted to have enough room it might have to be 80'x120' to fit all of my crap comfortably.

nein51 said:

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I have a 15' long $50,000 toolbox, nevermind the litany of tools and equipment I own plus mowers plus grills, plus, plus, plus. I actually dont know how anyone who works on anything can get by with a 2 car garage. I have so little room....

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SNA?

PA.

- UL

... and, as always, TIA.

{ sipping cola }

What?? I assume you're asking what kind of toolbox? If I could figure out how to post pictures I would.

Hard to tell in the picture but the right side of the box is 60" wide, the left side is 84" and the locker is 36". That's a standard 2 car garage and I have "just enough" room for a second locker

That's beautiful. ^

nein51 said:

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What?? I assume you're asking what kind of toolbox? If I could figure out how to post pictures I would.

Hard to tell in the picture but the right side of the box is 60" wide, the left side is 84" and the locker is 36". That's a standard 2 car garage and I have "just enough" room for a second locker

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looks like a SNA product.

well done.

- KKM

BaylorOkie said:

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That's beautiful. ^

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Thank you.

I think the word my wife used was "ridiculous". I used to have it at the shop. She knew I had a big box work but she had no idea how large until I brought it home. It also wasn't the only box lol. I probably need to add a rider to the insurance. The box and tools are probably worth more than the house, maybe by double.

Yes. It's is SnapOn. They write my paychecks. Felt the need to pay it backwards as it were.

I'll chime on the apt (renting)vs home ownership. I've owned 2 homes. 1 fo 7years and 1 for 20 yrs. (Wanted the kids to live in a community and do all that stuff) I now live in a high rise apt and even thought the rent is high, I have 3 bills that cost me no more the $250 a month. Certainly I know it is baked in, but I also do not miss having to come up with a big # in December for Property Taxes. No pool guy, no yard crew, same housekeeper once a week. It's simple living. It's like anything else, what are you willing to trade? Just my take.

nein51 said:

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What?? I assume you're asking what kind of toolbox? If I could figure out how to post pictures I would.

Hard to tell in the picture but the right side of the box is 60" wide, the left side is 84" and the locker is 36". That's a standard 2 car garage and I have "just enough" room for a second locker

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hell - if things get really bad - just sub-let* the left side of that there portable condo to some hondurans.

- KKM

* hats off to willie.

BID.

nein51 said:

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Yes. It's is SnapOn. They write my paychecks. Felt the need to pay it backwards as it were.

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SnapOn guy name his boat the nein51?

'... then it was on to Portland, Oregon for the G.I. Joe...'

- KKM

quash said:

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nein51 said:

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Yes. It's is SnapOn. They write my paychecks. Felt the need to pay it backwards as it were.

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SnapOn guy name his boat the nein51?

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lol probably should have

nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

Great

Happy for ya!

Canada2017 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

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We have a few tenants who have been with us for 15 years or more .

They literally paid the houses off for us .

See them maybe once every 4 years .

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i have several like this too, i have at least 3 that I believe will either die in the house or move out when they go to a rest home...

RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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what are your nuts worth?

PA.

- UL

RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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nope...good for you but I dont want land

fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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nope...good for you but I dont want land

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That is the great thing about our country. The choice is up to us. At least for now anyway.

#vanlife

RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

RD2WINAGNBEAR86 said:

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fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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nope...good for you but I dont want land

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That is the great thing about our country. The choice is up to us. At least for now anyway.

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Indeed! I have friends who love living in the "middle of nowhere" or "the last house on the last road." It works for them...I'd go crazy.

fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

---

Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

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If property taxes are a concern I did docs for a deal yesterday in SW Arkansas for 5 acres for $20k. Annual escrow for taxes was $0.91 a month.Less than saving a TV puppy...

quash said:

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fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

---

Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

---

If property taxes are a concern I did docs for a deal yesterday in SW Arkansas for 5 acres for $20k. Annual escrow for taxes was $0.91 a month.Less than saving a TV puppy...

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Can you provide a little more on the location...near a city or something?

quash said:

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fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

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I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

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Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

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If property taxes are a concern I did docs for a deal yesterday in SW Arkansas for 5 acres for $20k. Annual escrow for taxes was $0.91 a month.Less than saving a TV puppy...

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Why didn't the title company do the docs ?

fadskier said:

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quash said:

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fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

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Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

---

If property taxes are a concern I did docs for a deal yesterday in SW Arkansas for 5 acres for $20k. Annual escrow for taxes was $0.91 a month.Less than saving a TV puppy...

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Can you provide a little more on the location...near a city or something?

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City gets defined differently in Arkansas. Midway between Hope, Magnolia and Texarkana. More oak than pine.

Canada2017 said:

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quash said:

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fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

---

Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

---

If property taxes are a concern I did docs for a deal yesterday in SW Arkansas for 5 acres for $20k. Annual escrow for taxes was $0.91 a month.Less than saving a TV puppy...

---

Why didn't the title company do the docs ?

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Different docs, I do the note, deed of trust, renewal and extension, disclosures, Home Equity Affidavits, etc.

fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

---

Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

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No pine trees where we live, Sir. We live right below the southern edge of the Hill country. 35 miles west of San Antonio and about 50 miles southwest of Austin.

quash said:

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Canada2017 said:

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quash said:

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fadskier said:

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RD2WINAGNBEAR86 said:

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nein51 said:

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fadskier said:

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Alot of what I read from you guys is why I never want to be a home-owner again. Due to my work, I have had living quarters furnished for me for 16 years. When I retire, I'll need a place to live. Home ownership at the age of 60 is not looking inviting...upkeep/headaches...etc.

If I rent, especially in an apartment...no home upkeep, no yard work plus a gym and a pool. Don't see the downside...

---

I hate owning a home. If I wasn't married you would never catch me owning. This past summer I did new hvac. It was 7700 dollars. Probably need a new roof this year. Will be every bit of 10k. Owning a home is the biggest lie of a "dream" ever.

---

Could never imagine living in an apartment again. The wife and I built our dream home back in 2003 on 8 1/2 acres with a creek and a pecan bottom. Our backyard is like a park. It has about doubled in value since we built, not that we would ever sell. I do get pissed every year when the appraisal district sends out our property valuation. They always seem to love our home much more than we do! Yes, things break and wear out and have to be replaced. I would bet I am the suckiest handyman on this board. I leave electrical and plumbing issues up to the professionals. Those guys are worth every penny. We love our little corner of the world and could not imagine living anywhere else.

---

Do you live in Texas? What area? My wife has also voice getting some land in east Texas among the pine trees

---

If property taxes are a concern I did docs for a deal yesterday in SW Arkansas for 5 acres for $20k. Annual escrow for taxes was $0.91 a month.Less than saving a TV puppy...

---

Why didn't the title company do the docs ?

---

Different docs, I do the note, deed of trust, renewal and extension, disclosures, Home Equity Affidavits, etc.

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Up here the Title closer prepares everything.

Far cheaper