JaguarCrazy2832 Posted October 28, 2018 Share Posted October 28, 2018 On 10/23/2018 at 11:26 AM, ramssuperbowl99 said: That's what I'm talking about! Nice work. Are you the big HSA guy? Sadly I had mine flushed because I needed it. Hoping to contribute the max again in 2019 without actually needing all of it and then some Quote Link to comment Share on other sites More sharing options...
JaguarCrazy2832 Posted October 28, 2018 Share Posted October 28, 2018 On 10/26/2018 at 3:00 PM, bigjohnson2009 said: Housing market is definitely gonna keep going up. Just make sure you tip toe around people wasting money on rent and/or living with their parents. Tends to be a bitter crowd. How is that wasting money? Wasting parents money sure, but not the kids lol Quote Link to comment Share on other sites More sharing options...
bigjohnson2009 Posted October 29, 2018 Share Posted October 29, 2018 12 hours ago, JaguarCrazy2832 said: How is that wasting money? Wasting parents money sure, but not the kids lol wasting money on rent OR living with their parents. Not sure why I put the AND in there. Either way I was just mocking another poster lol. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted October 29, 2018 Share Posted October 29, 2018 18 hours ago, JaguarCrazy2832 said: My loan advisor told me it drops automatically. Haven't reached it yet though since we just bought last year but hoping she's right It will drop automatically when you've paid off 20% of the principal (22% for FHA), but you can have it dropped sooner if you call and your house appraises higher and your loan to value is 80% (78% FHA) or lower. Quote Link to comment Share on other sites More sharing options...
JaguarCrazy2832 Posted October 29, 2018 Share Posted October 29, 2018 5 minutes ago, MKnight82 said: It will drop automatically when you've paid off 20% of the principal (22% for FHA), but you can have it dropped sooner if you call and your house appraises higher and your loan to value is 80% (78% FHA) or lower. Interesting thanks! Probably not worth getting an appraisal yet though if we’ve only been here 16 months and only added on granite countertops and paint. We do pay an additional 20% a month hoping to get it paid off sooner and save on interest. Just didnt have the money for 20% down at the time and probably a bad time to think about refinancing Quote Link to comment Share on other sites More sharing options...
Dr LBC Posted October 29, 2018 Share Posted October 29, 2018 One thing I can't stress enough - and it may not be an option for everyone, but at least explore it with your agent because it's been a GODSEND for us - try to find a way to work buying solar and having it included in your home purchase; not renting the panels, buying particularly if you're in an area that doesn't give you a ton of snowfall. Our scenario turned out not to be as unique as I'd initially thought, but we basically ended up offering below asking (and this was when the market wasn't favoring buyers quite as much), they countered - trying to get us closer to asking - so we came back with an offer that was above asking but included $18k ($15K of which was above asking) being put in escrow as a seller concession to cover the cash-purchase of the solar system and installation. We have multiple kids, ran the A/C on the regular throughout the summer, and our average electric bill never exceeded $10/month. As much as my wife loves having the island in the kitchen or the granite countertops, believe me, she loves being able to run the central air and heater with little concern for our utility bill being outrageous even more. 1 Quote Link to comment Share on other sites More sharing options...
bigjohnson2009 Posted October 29, 2018 Share Posted October 29, 2018 12 minutes ago, The LBC said: One thing I can't stress enough - and it may not be an option for everyone, but at least explore it with your agent because it's been a GODSEND for us - try to find a way to work buying solar and having it included in your home purchase; not renting the panels, buying particularly if you're in an area that doesn't give you a ton of snowfall. Our scenario turned out not to be as unique as I'd initially thought, but we basically ended up offering below asking (and this was when the market wasn't favoring buyers quite as much), they countered - trying to get us closer to asking - so we came back with an offer that was above asking but included $18k ($15K of which was above asking) being put in escrow as a seller concession to cover the cash-purchase of the solar system and installation. We have multiple kids, ran the A/C on the regular throughout the summer, and our average electric bill never exceeded $10/month. As much as my wife loves having the island in the kitchen or the granite countertops, believe me, she loves being able to run the central air and heater with little concern for our utility bill being outrageous even more. Depending what state you live in there can be extremely significant tax credits and savings from the install as well. Quote Link to comment Share on other sites More sharing options...
TVScout Posted October 30, 2018 Share Posted October 30, 2018 18 hours ago, bigjohnson2009 said: Depending what state you live in there can be extremely significant tax credits and savings from the install as well. Any surplus power can be used to charge an electric car. Quote Link to comment Share on other sites More sharing options...
N4L Posted October 31, 2018 Share Posted October 31, 2018 The real estate market has changed. It is now a buyers market Deploy that capital and don't leverage too much Quote Link to comment Share on other sites More sharing options...
BayRaider Posted October 31, 2018 Share Posted October 31, 2018 37 minutes ago, N4L said: The real estate market has changed. It is now a buyers market Deploy that capital and don't leverage too much Been a buyers market for the past several months imo. What does everyone think about buying land? Quote Link to comment Share on other sites More sharing options...
N4L Posted October 31, 2018 Share Posted October 31, 2018 4 minutes ago, BayRaider said: Been a buyers market for the past several months imo. What does everyone think about buying land? Im all for it if you have vision and capital to carry for two years. Municipalities are becoming increasingly difficult to deal with so the entitlement process is a pain. Construction costs are rising exponentially here because builders are too busy and the cost of living is too high, so there is a huge shortage of tradesman. Where in the Bay are you? I have a vacant lot for sale in Pacifica for 189k It has only been a buyers market on the peninsula since the beg of October. I expect that to change early next year as the uncertainty in the markets ends. Corporate tax rates are so low and silicon valley is still printing money Quote Link to comment Share on other sites More sharing options...
N4L Posted October 31, 2018 Share Posted October 31, 2018 4 minutes ago, BayRaider said: Been a buyers market for the past several months imo. What does everyone think about buying land? Im all for it if you have vision and capital to carry for two years. Municipalities are becoming increasingly difficult to deal with so the entitlement process is a pain. Construction costs are rising exponentially here because builders are too busy and the cost of living is too high, so there is a huge shortage of tradesman. Where in the Bay are you? I have a vacant lot for sale in Pacifica for 189k It has only been a buyers market on the peninsula since the beg of October. I expect that to change early next year as the uncertainty in the markets ends. Corporate tax rates are so low and silicon valley is still printing money Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted October 31, 2018 Share Posted October 31, 2018 2 hours ago, BayRaider said: Been a buyers market for the past several months imo. What does everyone think about buying land? Land is too long of a hold for my tastes. I’d rather buy something that generates income, like a residential duplex or a rental home. That way your rent can pay your loan for the investment. Quote Link to comment Share on other sites More sharing options...
AFlaccoSeagulls Posted October 31, 2018 Share Posted October 31, 2018 One more suggestion, because my girlfriend and I moved in yesterday - DO NOT (if you can avoid it) move in on a weekday that's early in the week. Pick a Saturday or a Friday to move in, and schedule that time off work. I had to do all the moving yesterday while the girlfriend was at work, and had we not hired a moving company to assist it would've been a freakin' nightmare, but I will tell you that it SUCKS spending like 16+ hours moving and working all the way up to midnight, then getting up the next day for work when your stuff is still in boxes or there's still some remnants left at your old place. Don't do it. Move on a weekend and allow yourself 1 day for the initial move of all the big stuff and at least another day to finish up small things. 1 Quote Link to comment Share on other sites More sharing options...
BayRaider Posted October 31, 2018 Share Posted October 31, 2018 27 minutes ago, AFlaccoSeagulls said: One more suggestion, because my girlfriend and I moved in yesterday - DO NOT (if you can avoid it) move in on a weekday that's early in the week. Pick a Saturday or a Friday to move in, and schedule that time off work. I had to do all the moving yesterday while the girlfriend was at work, and had we not hired a moving company to assist it would've been a freakin' nightmare, but I will tell you that it SUCKS spending like 16+ hours moving and working all the way up to midnight, then getting up the next day for work when your stuff is still in boxes or there's still some remnants left at your old place. Don't do it. Move on a weekend and allow yourself 1 day for the initial move of all the big stuff and at least another day to finish up small things. Moving is one of the worst things ever.. but yes always move in on a Saturday with at least three people in total doing the moving. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.