Imoutgoodbye Posted September 4, 2013 Report Share Posted September 4, 2013 Don't know what else to say, except that I think in a couple weeks I'll roll a character to properly celebrate having my own house. Link to comment Share on other sites More sharing options...
f0xx Posted September 4, 2013 Report Share Posted September 4, 2013 Good. My malform needs levels. Link to comment Share on other sites More sharing options...
Celerity Posted September 4, 2013 Report Share Posted September 4, 2013 Don't know what else to say' date=' except that I think in a couple weeks I'll roll a character to properly celebrate having my own house. [/quote'] Me too! I closed on a new house about a month ago myself! Link to comment Share on other sites More sharing options...
Imoutgoodbye Posted September 4, 2013 Author Report Share Posted September 4, 2013 Me too! I closed on a new house about a month ago myself! Congrats! And foxx...you can run, but you'll only die tired. Now whatchya gonna do, BROTHER?! Link to comment Share on other sites More sharing options...
f0xx Posted September 4, 2013 Report Share Posted September 4, 2013 And foxx...you can run, but you'll only die tired. Low blow. Link to comment Share on other sites More sharing options...
inscribed Posted September 4, 2013 Report Share Posted September 4, 2013 Make sure you homestead it! Also, check with your state, there are all kinds of first time home buyer programs floating around to give you free money for innovations or tax breaks. While I completely oppose those programs, if they are already implemented, then you might as well abuse them for all they're worth. It's a good feeling to close, so enjoy it. You will have plenty more headaches to deal with ahead of you. Link to comment Share on other sites More sharing options...
MeleeCrazy Posted September 4, 2013 Report Share Posted September 4, 2013 Buying 2 1/2 acres adjacent to current 2 1/2. since it has no home on the property will it still be considered a rental property? Trying tofigure out this tax thing Congrats to both of you. Link to comment Share on other sites More sharing options...
inscribed Posted September 4, 2013 Report Share Posted September 4, 2013 Does the first 2.5 acre lot have a home on it? You should be able to combine the plots under one deed. Link to comment Share on other sites More sharing options...
The Forsaken Posted September 4, 2013 Report Share Posted September 4, 2013 I'm actually a Realtor in Texas, Melee. What's going on? Link to comment Share on other sites More sharing options...
MeleeCrazy Posted September 4, 2013 Report Share Posted September 4, 2013 The current property has a home on it right now, the adjacent property has power, septic tank, and a well but no home and no plans anytime soon to put one on it. Though It will not be paid off for another three years It is in my name with a lean. Link to comment Share on other sites More sharing options...
The Forsaken Posted September 4, 2013 Report Share Posted September 4, 2013 You own the property with the home and are considering purchasing the adjoining acreage? And you are concerned about the taxes? Link to comment Share on other sites More sharing options...
MeleeCrazy Posted September 4, 2013 Report Share Posted September 4, 2013 You own the property with the home and are considering purchasing the adjoining acreage? And you are concerned about the taxes? Indeed Link to comment Share on other sites More sharing options...
Aulian Posted September 4, 2013 Report Share Posted September 4, 2013 You own the property with the home and are considering purchasing the adjoining acreage? And you are concerned about the taxes? Look after the cents and the dollars take care of themselves. Link to comment Share on other sites More sharing options...
Atticus Posted September 5, 2013 Report Share Posted September 5, 2013 Congrats!! Link to comment Share on other sites More sharing options...
Pali Posted September 5, 2013 Report Share Posted September 5, 2013 Just three more and you can upgrade to a hotel! Link to comment Share on other sites More sharing options...
Imoutgoodbye Posted September 5, 2013 Author Report Share Posted September 5, 2013 I don't know about a hotel. It's a small house, just big enough for all 3 of us. It's just under 800 square feet. But, property taxes + house insurance + mortgage payment = 291 per month. Taxes get reevaluated in January, but that'll only increase the payment to $329 per month. It's a 3.625% 30 year fixed rate. This, by the way, is how I'm finally getting out of the welfare system. As I said, done properly, a mortgage is cheaper than renting an apartment. Link to comment Share on other sites More sharing options...
Aulian Posted September 5, 2013 Report Share Posted September 5, 2013 I don't know about a hotel. It's a small house, just big enough for all 3 of us. It's just under 800 square feet. But, property taxes + house insurance + mortgage payment = 291 per month. Taxes get reevaluated in January, but that'll only increase the payment to $329 per month. It's a 3.625% 30 year fixed rate. This, by the way, is how I'm finally getting out of the welfare system. As I said, done properly, a mortgage is cheaper than renting an apartment. Of course it is, until the roof falls in and you cant just call the landlord Congrats on the win btw Link to comment Share on other sites More sharing options...
Imoutgoodbye Posted September 7, 2013 Author Report Share Posted September 7, 2013 Of course it is, until the roof falls in and you cant just call the landlord Congrats on the win btw Steel roof. Whole house is updated as of this year. New electrical, new plumbing, new furnace, new hot water heater, proper steel roof (old roof stripped away, chimney removed, 16" of blown insulation in the attic)...literally not much more I could ask for. Link to comment Share on other sites More sharing options...
Celerity Posted September 7, 2013 Report Share Posted September 7, 2013 Valek, are you allowed to pay the loan off early or are the payments fixed? Link to comment Share on other sites More sharing options...
Imoutgoodbye Posted September 8, 2013 Author Report Share Posted September 8, 2013 Valek' date=' are you allowed to pay the loan off early or are the payments fixed?[/quote'] I'm allowed to pay it off early, no penalty. Moving is killing me. Link to comment Share on other sites More sharing options...
Celerity Posted September 8, 2013 Report Share Posted September 8, 2013 Do so then...the total interest payment really spikes after the 20 year mark Link to comment Share on other sites More sharing options...
Imoutgoodbye Posted September 8, 2013 Author Report Share Posted September 8, 2013 Do so then...the total interest payment really spikes after the 20 year mark I've noticed. I'm getting off luckier than most people with the rate being fixed and no penalty for early pay-off, but, yeah, the interest on it, if not payed off early, is almost half the value of the house itself. $20,000 in interest on a property that will depreciate in value is crazy. Banks. Ridiculous. Link to comment Share on other sites More sharing options...
Croyvern Posted September 11, 2013 Report Share Posted September 11, 2013 Don't know what else to say' date=' except that I think in a couple weeks I'll roll a character to properly celebrate having my own house. [/quote'] Congrats Rev. I just got a new computer after losing the net for a year. Trying to play, but also just went back to college. 6 classes, and 40+ hours in a metal fabrication shop a week, isn't leaving the time I wish it did. Link to comment Share on other sites More sharing options...
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