We're buying a house!

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mindehankins
Posts: 3014
Joined: Fri Mar 06, 2009 8:21 am
Location: Western NY State

We're buying a house!

Post by mindehankins »

Or, we're coming back to St. John this Spring! We made an offer on an amazing house today. This is my first time house-hunting and buying. I'm soooooo nervous and excited.
Blaine says the worst thing that will happen is that the deal will fall through, and then we can go to St. John this Spring.
Amazingly, either one is okay with me......
Sigh......missing St. John
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bubblybrenda
Posts: 549
Joined: Wed Aug 20, 2008 10:57 pm
Location: Vancouver, BC

Post by bubblybrenda »

Congratulations! Buying a home is exciting very exciting.
~Brenda~
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Vichuga
Posts: 65
Joined: Wed Jan 06, 2010 10:06 pm
Location: St. John

Post by Vichuga »

Good Luck with the house!!!
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California Girl

Post by California Girl »

Congrats Minde! Home buying is fairly scary, but in a good way! I totally understand being happy with either outcome! :D
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Lindy
Posts: 658
Joined: Sat Nov 21, 2009 11:07 am
Location: Connecticut

Post by Lindy »

Good luck either way.....they're both great things.
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Terry
Posts: 905
Joined: Sat Aug 04, 2007 4:57 pm

Post by Terry »

We own several homes. It's a good investment. One of our rentals will be paid off soon and it's rental income is $1700/month. Can't wait till it's paid off as that will be totally vacation money until we retire!

You're making a good investment. Congrats to you!
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chicagoans
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Joined: Thu Jan 18, 2007 2:51 pm
Location: IL

Post by chicagoans »

It can be scary... but it's a great investment both financially and emotionally. It's very satisfying to make improvements, no matter how small, to your own home.

Congratulations and keep us posted!
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Terry
Posts: 905
Joined: Sat Aug 04, 2007 4:57 pm

Post by Terry »

A coworker gave us this tip years ago. Buy a home, live in it for a few years, then buy another home and keep the original home as a rental. Repeat as many times as you can afford. After, you will make enough income off the rentals to offset your mortgage.

Of course when you go to sell your rentals you will have to live in them for 24 our of 60 months to avoid capital gains taxes. That's not a problem in CO. Live in a ski hut for 3-5 months, live at home and repeat.

Just passing on some good investment advise with regard to property purchases.

I know coworkers that own 15 or more homes. CHACHING!
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toni
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Joined: Mon Aug 07, 2006 7:05 pm
Location: ny state of mind

Post by toni »

Good luck :D Keep us informed as to how it works out!
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Agent99
Posts: 1164
Joined: Fri Feb 15, 2008 9:00 pm
Location: Cape Ann MA

Post by Agent99 »

It's a great time to buy! Good luck and congrats!
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Agent99
Posts: 1164
Joined: Fri Feb 15, 2008 9:00 pm
Location: Cape Ann MA

Post by Agent99 »

It's a great time to buy! Good luck and congrats!
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P-600
Posts: 791
Joined: Sat Mar 08, 2008 5:48 pm
Location: St. John

Post by P-600 »

Everyone needs a place to live, but I can think of much better investments than real estate right now.
Do tell!
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Julie
Live from St.John
Facebook Group
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Terry
Posts: 905
Joined: Sat Aug 04, 2007 4:57 pm

Post by Terry »

The market is now a prime time to buy real estate. Interest rates are low. What happen to the theory of buy low, sell high? Of course, you have to be able to have liquid assets also along with your real estate investments. Real estate investments are for the long haul and have historically been a good investment.

I guess the real estate market depends on where you live.
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Jan&MikeVa
Posts: 1084
Joined: Mon Aug 07, 2006 5:32 pm
Location: The Chesapeake Bay

Post by Jan&MikeVa »

This IS EXCITING :) :) :)
Soooooo excited for you!!! Best of luck and mucho happiness :)
It will all work out for the best!!!!
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