Author Topic: Alcohol and gasoline  (Read 1907 times)

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Offline CoachDP

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Re: Alcohol and gasoline
« Reply #30 on: June 19, 2018, 11:20:37 AM »
Actually, it's a lot less complicated than I thought.  Don't sell your house when you move.  Rent it out for more than the mortgage.  Your mortgage stays the same, but rents go up every year.  That's more profit.  As you keep moving, you keep renting out your homes.  Or you buy a house (low), clean it up, and sell it for more than you have in it.  Easy peezy.  If you can buy a home on credit, then lease it or rent it out for more than your bank payment is.  We have 4 homes now: the one we live in, the beach house we go to every month, a home in Raleigh we rent out, and the home in Illinois we're flipping.  We're fixing that one to live in (her parents live in Illinois), but as soon as we don't need to travel there anymore, we'll sell it and her parent's house (which is next door).  We got the house for $60k less than the comps, so we've got a lot of room to drop money in it and then make up for it when we sell.  Renovating when you're out of state is no fun.  Deb is like the competitive player in Monopoly.  She's trying to buy everything from Baltic Avenue to Park Place to Reading Railroad.  She finds properties, we check them out, I say "no" and we move on.  But now that coaching football looks like it's in the rearview mirror, we'll probably be scooping things up.  A couple of weeks ago, I had to talk her out of a property she wanted desperately but I didn't know if I'd have the time to coach, reno the Illinois house and this one at the same time.  Also, our renter is getting ready to move out at the end of this month and we weren't sure how long we'd be without a renter at that property.  On the other hand, I love that Jag F-Type and the more income we generate, the easier it is to bring it home.  On the other side, we're renovating the house we live in now (another project) and the project after that is to go from a 2-car to a 3-car garage.  Maybe that's the time I bring the Jag home.

--Dave
« Last Edit: June 19, 2018, 11:23:44 AM by CoachDP »
"The Greater the Teacher, the More Powerful the Player."

The Mission Statement:
"I want to show any young man that he is far tougher than he thinks, that he can accomplish more than what he dreamed and that his work ethic will take him wherever he wants to go." #BattleReady newhope

Offline Wing-n-It

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Re: Alcohol and gasoline
« Reply #31 on: June 19, 2018, 12:08:25 PM »
Actually, it's a lot less complicated than I thought.  Don't sell your house when you move.  Rent it out for more than the mortgage.  Your mortgage stays the same, but rents go up every year.  That's more profit.  As you keep moving, you keep renting out your homes.  Or you buy a house (low), clean it up, and sell it for more than you have in it.  Easy peezy.  If you can buy a home on credit, then lease it or rent it out for more than your bank payment is.  We have 4 homes now: the one we live in, the beach house we go to every month, a home in Raleigh we rent out, and the home in Illinois we're flipping.  We're fixing that one to live in (her parents live in Illinois), but as soon as we don't need to travel there anymore, we'll sell it and her parent's house (which is next door).  We got the house for $60k less than the comps, so we've got a lot of room to drop money in it and then make up for it when we sell.  Renovating when you're out of state is no fun.  Deb is like the competitive player in Monopoly.  She's trying to buy everything from Baltic Avenue to Park Place to Reading Railroad.  She finds properties, we check them out, I say "no" and we move on.  But now that coaching football looks like it's in the rearview mirror, we'll probably be scooping things up.  A couple of weeks ago, I had to talk her out of a property she wanted desperately but I didn't know if I'd have the time to coach, reno the Illinois house and this one at the same time.  Also, our renter is getting ready to move out at the end of this month and we weren't sure how long we'd be without a renter at that property.  On the other hand, I love that Jag F-Type and the more income we generate, the easier it is to bring it home.  On the other side, we're renovating the house we live in now (another project) and the project after that is to go from a 2-car to a 3-car garage.  Maybe that's the time I bring the Jag home.

--Dave
Maybe I'll try once we finally buy our first house since 1995. We've been renting for so long (life punched us in the face) but we are getting back on track within the year we should be homeowners again.
Robert

2 Things my offense will always have is a Wing and a Wedge

Offline Michael

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Re: Alcohol and gasoline
« Reply #32 on: June 19, 2018, 12:09:24 PM »
I though Jaguars were for divorced women.

Are guys allowed to drive them, too?
Michael can not receive PM's, emails or respond to Posts. He passed away in September 2018. To honor his contributions we are leaving his account active. R.I.P - Dumcoach Staff.

Offline Wing-n-It

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Re: Alcohol and gasoline
« Reply #33 on: June 19, 2018, 01:38:58 PM »
I though Jaguars were for divorced women.

Are guys allowed to drive them, too?
I think they changed that law a few years ago
Robert

2 Things my offense will always have is a Wing and a Wedge

Offline CoachDP

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Re: Alcohol and gasoline
« Reply #34 on: June 19, 2018, 01:46:57 PM »
I though Jaguars were for divorced women.

Are guys allowed to drive them, too?

Now it's all about old, bald guys driving them:

https://www.youtube.com/watch?v=e7gR7EYjcP8

--Dave
"The Greater the Teacher, the More Powerful the Player."

The Mission Statement:
"I want to show any young man that he is far tougher than he thinks, that he can accomplish more than what he dreamed and that his work ethic will take him wherever he wants to go." #BattleReady newhope

Offline Michael

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Re: Alcohol and gasoline
« Reply #35 on: June 19, 2018, 06:37:45 PM »
Now it's all about old, bald guys driving them:

https://www.youtube.com/watch?v=e7gR7EYjcP8

--Dave

Wait, then who's going to drive the Corvettes?
Michael can not receive PM's, emails or respond to Posts. He passed away in September 2018. To honor his contributions we are leaving his account active. R.I.P - Dumcoach Staff.