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#1 |
GFY HALL OF FAME DAMMIT!!!
Join Date: Jan 2002
Location: that 504
Posts: 60,840
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![]() How many of you own more than one home? How old were you by the time you bought your second? Curious. I just bought my first own, and already looking at more real estate. Thinking about buying second home back in california, and interested in some of what you guys have done.
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#2 | |
Confirmed User
Join Date: May 2001
Posts: 2,098
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Quote:
I own two, but one I recently sold Contract for Deed. It's a house I purchased while in Grad school, instead of paying for an apt. near campus. The 2nd one is a house w/5 acres out in the country, but it's been empty since I bought it because I can't get a good enough high speed connection out there. So now I'm in a lease situation on another home and need to sell my 2nd place. Best advice - buy low, sell high Do your homework and don't believe 95% of what you see on any "flip this house" type of show.
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gunner @tutamail.com 25 years in the jizz biz |
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#3 | |
GFY HALL OF FAME DAMMIT!!!
Join Date: Jan 2002
Location: that 504
Posts: 60,840
|
Quote:
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#4 |
So Fucking Banned
Industry Role:
Join Date: Apr 2001
Location: the beach, SoCal
Posts: 107,089
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2 homes, one condo
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#5 |
Make STACK$
Industry Role:
Join Date: Nov 2006
Location: sexy time
Posts: 14,429
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i dont own any ....
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Compound interest. |
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#6 |
Confirmed User
Join Date: Jan 2006
Location: The Valley
Posts: 7,412
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Zero...
I'm a renter until I save up the required 50 grand to get a place here in L.A.
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-D. ICQ: 202-96-31 |
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#7 |
Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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1 home but working on being a land baron
![]() It used to be you could buy lots in my neighborhood like crazy at tax auctions. Not any more. There are still a few good deals around but it's amazing what 1/2 an acre is selling for out here in the boonies. |
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#8 |
pr0's goat screwed me
Industry Role:
Join Date: Jan 2002
Location: Seattle
Posts: 2,083
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I'm actually buying my first home right now as well. It's very exciting! Congrats on your new purchase. I hope everything goes well for you.
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blah blah blah |
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#10 |
Confirmed User
Join Date: Jun 2007
Location: I live in cage
Posts: 4,193
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About to buy my 1st house. I figure I'm 27 and have live in the Phoenix area almost a decade now, it's about time I give up on the thought of getting out of this shithole city.
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#11 |
Confirmed User
Industry Role:
Join Date: Jul 2003
Location: couch
Posts: 6,258
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I owen 4, two in california, one in vegas and 1 in florida, rental market in those places is bad right now. Best thing to do if you have some liquid assests is to get into the foreclosure market in california and vegas and florida. I would do it but my money is tied up in my realestate.
Foreclosure, renovate and flip is a tough business but a lot of money to still be made. Richard |
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#12 |
Registered User
Join Date: Jul 2007
Posts: 16
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twelve..
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#13 |
Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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For those looking at buying up foreclosures, here are some places to look:
http://www.realtytrac.com/ContentMan...&accnt=64 847 |
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#14 |
Confirmed User
Join Date: Aug 2007
Location: In my house
Posts: 205
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I live in a van by the river
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I'll fly a sig when I get damn good and ready.. Grab your dick and double click.. |
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#15 |
Porn Meister
Industry Role:
Join Date: Feb 2005
Posts: 16,443
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I decided to buy a stent for my heart instead of my first home, lol.
ok ok, the decision was thrust upon me. I have a brother who's a real estate agent now, who is also an apartment manager in a high price college town. Maybe I should find him investors here..
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43-922-863 Shut up and play your guitar. ![]() |
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#16 |
Affiliate
Join Date: Jul 2004
Posts: 28,735
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One... And I bought it low. Im 27 now, and hopefully by 35 I'll have another one.
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M&A Queen |
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#17 |
Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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#18 |
Confirmed User
Industry Role:
Join Date: Aug 2006
Posts: 3,595
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I bough my first last June. I just bought a cottage (with other family members) last month. I'm 29.
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#19 |
So Fucking Banned
Join Date: Aug 2007
Posts: 13
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2 homes, one condo
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#20 |
WW4L
Join Date: Oct 2002
Location: over the river and through the woods
Posts: 10,581
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Whoo hoo..congrats to you and the missus on your home purchase. Hubby and I bought 7 years ago..we want to do a few more and flip them..but I want to be financially more secure in case it becomes a $$ nightmare.
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#21 |
Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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I have (knock wood) never lost money on a house. I've bought 5 since I was 21. The house I'm in now appraised out last fall at over twice what I paid for it and my neighbors already have a first right of refusal for 10% below appraisal (whatever it is if I decide to sell), so I'm happy
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#22 |
Registered User
Join Date: Jun 2007
Location: http://www.nebraskacoeds.com
Posts: 365
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none it's called an LLC
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#23 |
Confirmed User
Join Date: Mar 2006
Location: San Diego, CA
Posts: 1,421
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#24 |
Too lazy to set a custom title
Join Date: Dec 2001
Location: Charlotte, NC
Posts: 14,137
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I own one house and buying a condo as we speak.
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#25 |
Confirmed User
Industry Role:
Join Date: Aug 2005
Location: Austin, TX
Posts: 4,258
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One. Whenever I get ready to move, I'll have some dude come buy and put the tires back own, hook it up to a rig and move it to.
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#26 |
Too lazy to set a custom title
Join Date: Jun 2003
Location: Ottawa
Posts: 19,631
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none. i didn't buy a house in my hometown because i knew i wanted to get out of that go-nowhere-hellhole and i did but nice houses here in ottawa are like 800,000 bucks and i simply don't have the scratch.
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you don't know you're wearing a leash if you sit by the peg all day.. |
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#27 |
Confirmed User
Industry Role:
Join Date: Aug 2003
Posts: 3,733
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Congratulations on your first home.
![]() I'm 32 now - an old facker compared to most of you guys. I bought this house in November : I'm letting it out now through an estate agent. And I bough this house this year which we're currently living in : ![]() ![]() Putting your money in property is obviously a safe investment. Good luck with it. |
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#28 |
Jägermeister Test Pilot
Industry Role:
Join Date: Dec 2001
Location: NORCAL
Posts: 73,639
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One currently, although we are looking into buying a new condo unit or two in the next year. Prices are going to come down shortly....
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#29 |
Confirmed User
Join Date: Feb 2002
Location: South Lake Tahoe, CA
Posts: 1,099
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Only one so far. I bought my first and only home in Tahoe about 3 years ago at age 29. I've been studying the real estate market for about 8 years and feel that the next few years will provide some good buying opportunities as the market corrects itself. Be careful where you buy, some of the larger markets haven't seen bottom yet.....my rule is to do the opposite of what the general population is doing. IE, I was buying stocks since 2001 after they fell out of favor. Now the money's rolling in and it's time to buy houses in the next few years while everyone is staying away....
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#30 |
Confirmed User
Join Date: Dec 2005
Location: See Above
Posts: 3,770
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That is nice
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#31 | |
Too lazy to set a custom title
Join Date: Jun 2003
Location: Ottawa
Posts: 19,631
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Quote:
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you don't know you're wearing a leash if you sit by the peg all day.. |
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#32 | |
<&(©¿©)&>
Industry Role:
Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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Quote:
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#33 |
Confirmed User
Industry Role:
Join Date: Aug 2003
Posts: 3,733
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#34 |
Confirmed User
Industry Role:
Join Date: Aug 2003
Posts: 3,733
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Thanks for the compliments guys. My wife chose both houses. To me a house is a house. As long as I have my playstation, cold beer and a few computers, I'm ready to rock. lol
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#35 |
GFY HALL OF FAME DAMMIT!!!
Join Date: Jan 2002
Location: that 504
Posts: 60,840
|
nice pad
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#36 |
Confirmed User
Industry Role:
Join Date: Nov 2002
Location: FL - TN/NC
Posts: 5,211
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Bought my first home at 14 years ago and next week going to get my second home in the mountains so I can go back and forth depending on the seasons.
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#37 |
Confirmed User
Join Date: Oct 2003
Posts: 2,494
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I own only 1 apartment, I thinking about buying a new one as an investment.
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#38 |
Confirmed User
Join Date: Feb 2002
Location: ICQ: 251425 Fr/Au/Ca
Posts: 6,863
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Bought my first investment property at age 18. Got the capital for another, but I'm biding my time to watch where the dollar goes.
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#39 |
Too lazy to set a custom title
Join Date: Jun 2003
Location: Ottawa
Posts: 19,631
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Shit, i would be happy to be able to buy something like that with money i didn't earn but i come from such a broke ass background that my parents had no heat in the upstairs of my childhood home and we had to get our clothes at the salvation army. be thankful for the easy life you've had (financial wise at least) and yes i am jealous.
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you don't know you're wearing a leash if you sit by the peg all day.. |
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#40 |
Too lazy to set a custom title
Join Date: Nov 2002
Posts: 16,714
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i own 24
22 rentals and 2 i live in 1st purchase was when i was 27
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A fast fortune is easy to earn! Just go with a winner! |
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#41 |
Confirmed User
Industry Role:
Join Date: Nov 2003
Location: New England
Posts: 1,963
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I own two homes, one in Canada and one in US. Bought second house in Canada a few years back to have a place close to PEI. It was a great deal with 8 Rooms, 2 bath, 26 acres, $32,000.
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#42 | |
Confirmed User
Industry Role:
Join Date: Aug 2003
Posts: 3,733
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Quote:
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#43 |
So Fucking Banned
Join Date: Apr 2007
Posts: 806
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NONE - I've not owned any real estate since 2000. I prefer to make lease payments as opposed to ownership. I toggle between Arizona and Indiana so my lease costs are a little high. But, it's worry free, maintenance free, hassle free.
But hey, I'm 57, I no longer give a shit about acquiring wealth through home ownership. Been there done that. Gutters need cleaned? Driveway needs sealed? Pool needs cleaned? Fuck that ... The lease payments and HO-4 insurance payments are my only expense. |
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#44 |
So Fucking Banned
Join Date: Apr 2007
Posts: 806
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Beautiful digs Kristian.
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#45 |
Confirmed User
Industry Role:
Join Date: Feb 2002
Posts: 636
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working on a first
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#47 |
Confirmed User
Industry Role:
Join Date: Jan 2007
Location: Mid-West!
Posts: 1,575
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Two homes that I have leased out and I'm looking to buy a condo. I'm renting a condo now so figure rather than waste money on rent I could add a third.
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#48 |
Confirmed User
Join Date: Jan 2006
Location: Gringo in Puerto Rico
Posts: 4,204
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0, but looking and very soon it will be 1
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#49 |
Shit... Fuck! What the Hell?
Industry Role:
Join Date: Dec 2003
Posts: 7,567
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1 so far, only plan to move bigger not more.
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#50 |
GFY HALL OF FAME DAMMIT!!!
Join Date: Jan 2002
Location: that 504
Posts: 60,840
|
seems owning two is fairly common.
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