Signed papers tonight to put my house on the market.

[New England]

Originally Posted by THE REED™

Goodluck man.... Dont buy the second car, use that money for a downpayment!

real talk

never pay cash for a car. cash is king right now. king.

[THE REED™]

Originally Posted by New England

real talk

never pay cash for a car. cash is king right now. king.

Especially at these interest rates...

[THE REED™]

Ok so my home inspection is approved.

I have the home inspection on the house Im buying today at 3:30

And I signed final loan papers this morning... I should know by Dec. 21st that everything is finally approved, pack my stuff.

[Shadow boxer 3]

my wife and I bought a 4 bedroom house a couple years ago, the 4th bedroom is my man cave but i'd much rather have a basement like the one you'll have, more room for things like pinball machines/arcade games. that's an awesome house you're about to own, enjoy

[THE REED™]

Originally Posted by Shadow boxer 3

my wife and I bought a 4 bedroom house a couple years ago, the 4th bedroom is my man cave but i'd much rather have a basement like the one you'll have, more room for things like pinball machines/arcade games. that's an awesome house you're about to own, enjoy

Yeah I have a 4 bedroom now and the 4th is my office/mancave.

Looking forward to the basement as well... thanks brah.

[BostonGuy]

I've reached the breaking point with my 3-family rental house. I just don't have the stomach for it anymore - every week my tenants are doing something f*cking retarded. A couple Sundays ago, I driving up the street to the house to finish up a maintenance project and what do I see? The f*cking fire department and police department responding to a small fire the third floor tenants set. The sh1theads managed to ignite a computer keyboard....that happened to be on the f*cking stove. How's that for stupidity? To add insult to injury, one of the guys was growing weed in the back room and that why the cops where there.

I've called my realtor to price the house and we will put it on the market maybe early next year.

I've make various improvements to the property and the real estate market is much healthier than when I bought the house little over 3 years ago. So I'm thinking I'll make a modest profit on it. Not sure though...

[TBear]

Originally Posted by BostonGuy

I've reached the breaking point with my 3-family rental house. I just don't have the stomach for it anymore - every week my tenants are doing something f*cking retarded. A couple Sundays ago, I driving up the street to the house to finish up a maintenance project and what do I see? The f*cking fire department and police department responding to a small fire the third floor tenants set. The sh1theads managed to ignite a computer keyboard....that happened to be on the f*cking stove. How's that for stupidity? To add insult to injury, one of the guys was growing weed in the back room and that why the cops where there.

I've called my realtor to price the house and we will put it on the market maybe early next year.

I've make various improvements to the property and the real estate market is much healthier than when I bought the house little over 3 years ago. So I'm thinking I'll make a modest profit on it. Not sure though...

Rentals can be a headache! I only have one and have been lucky thus far but a good friend has three and all three have been a disaster. Nobody honors leases these days and for some reason renters trash what is supposed to be their home. For my friend they have been a money sucking blackhole. But it would be a real nightmare to pull up and see a fire truck at one.

[jose830]

Originally Posted by BostonGuy

I've reached the breaking point with my 3-family rental house. I just don't have the stomach for it anymore - every week my tenants are doing something f*cking retarded. A couple Sundays ago, I driving up the street to the house to finish up a maintenance project and what do I see? The f*cking fire department and police department responding to a small fire the third floor tenants set. The sh1theads managed to ignite a computer keyboard....that happened to be on the f*cking stove. How's that for stupidity? To add insult to injury, one of the guys was growing weed in the back room and that why the cops where there.

I've called my realtor to price the house and we will put it on the market maybe early next year.

I've make various improvements to the property and the real estate market is much healthier than when I bought the house little over 3 years ago. So I'm thinking I'll make a modest profit on it. Not sure though...

I actually don't have problems with my tenants, I've been lucky the first floor the tenant is on section 8 so the rent is there all the time and the second floor so far so good...
I don't let them do any repairs on the house they have to call me and I'll take care of it for that same reason of an accident or anything I could be liable for...the first floor has to be a lease but the second is a month by month rental...
Good luck BG it sounds like a ****ing migraine.

[BostonGuy]

Originally Posted by TBear

Rentals can be a headache! I only have one and have been lucky thus far but a good friend has three and all three have been a disaster. Nobody honors leases these days and for some reason renters trash what is supposed to be their home. For my friend they have been a money sucking blackhole. But it would be a real nightmare to pull up and see a fire truck at one.

Originally Posted by jose830

I actually don't have problems with my tenants, I've been lucky the first floor the tenant is on section 8 so the rent is there all the time and the second floor so far so good...
I don't let them do any repairs on the house they have to call me and I'll take care of it for that same reason of an accident or anything I could be liable for...the first floor has to be a lease but the second is a month by month rental...
Good luck BG it sounds like a ****ing migraine.

In my 20's I thought buying a rental property and collecting rents was the greatest business model since the lemonade stand. My goals and expectations now are much different than they were back then.

I haven't been stiffed on rents but there's always some maintenance issue going on - clogged toilets, leaky pipes, water heaters bursting (yeah that's a f*cking headache and 1/2) and other sh1t. I go to the house (it's about a 15 min drive from where I live) every Sunday to put out the trash barrels. The one time that I let my tenants take out the barrels I got a citation (a warning luckily) in the mail because the f*cking d1ckheads stacked the trash so it was f*cking mess.

It's the stupid sh1t like that, that I can't stand anymore.

I also thought the time that I spend managing/fixing the house, I could be investing in myself in terms of career development. I could be going to school to get a M.B.A. or other financial/business accreditation. I think it would be much less stress..

[Davis40]

Originally Posted by THE REED™

The realtor selling the house I want has already been informed that Im ONLY selling my house to buy that one and my realtor just let her know we expect an offer in a few days and we'll be in touch

What would happen if you sold your house and couldn't get that one?