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Ultimate Clemson Legend [104016]
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First tang do when mortgage is paid in full
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Jun 11, 2024, 11:13 AM
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2nd home?
I think I have a list of about 69 things like:
Sod and sprinkler system
Build a pond
New Boat
Hair Restoration
House enhancement/repairs
More 401K
Peanus enhancement
Buy Land?
Nicer vacations with fam
Plant a corn field-shaped d1ckbutt
New furniture
Mini Jet Boat
You got a list of "when the house is paid off..." like McLovin?
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Orange Immortal [67121]
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Orange Immortal [67121]
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Nailed it***
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Jun 11, 2024, 11:15 AM
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All-In [10895]
TigerPulse: 100%
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hookers and blow, duh****
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Jun 11, 2024, 11:16 AM
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Tiger Titan [49026]
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Ukrainian sex slave***
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Jun 11, 2024, 11:17 AM
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Ultimate Clemson Legend [104016]
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Joined: 2014
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Heisman Winner [81837]
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Not quite like that, but
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Jun 11, 2024, 11:18 AM
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if the mortgage were paid off I'd get all the rest of the work I want done around here (electrical made modern, take up any carpet and redo the wood underneath or get new hardwood, upgrade the insulation, remove any of the wood paneling that is left and replace with drywall, kitchen remodel).
Looking at that list, it may cost more than we paid for the house.
Build the dream garage/shop in the back yard.
Add a sunroom.
Buy a really fast car.
Problem is, my getting this mortgage paid off is only going to put about $500 more per month back in my pocket.
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Ultimate Clemson Legend [104016]
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Re: Not quite like that, but
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Jun 11, 2024, 11:21 AM
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TigerNet Champion [118602]
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Me ascending into heaven
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Jun 11, 2024, 11:18 AM
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just before the insurance check hits the bank so wife can pay off the house
Actually, my term life policy might expire beforehand so she might be screwed. I hope she can find a rich good looking second husband.
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TigerNet Immortal [171732]
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I put 2/3 in
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Jun 11, 2024, 11:18 AM
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savings and bought a new car with the rest. Now that that car is paid off, it's pretty much making up the difference in inflation.
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Tiger Titan [48747]
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Welp, I've actually given this some thot as I'm ~7 yrs out from
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Jun 11, 2024, 11:20 AM
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paying mine off.
The reality is that I feel like I'll still have a "mortgage" payment, albeit informally.
By then I'll need a new HVAC, new windows, and probably a host of other BS. I'm thinking that will all still add up to a mortgage payment for a few/several years.
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Ultimate Clemson Legend [104016]
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Totes
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Jun 11, 2024, 11:22 AM
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Kind of how I feel. There's several things the house could use I been putting off.
Erry one of them appliances will die in the last year of the mortgage prolly.
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Top TigerNet [30806]
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Upsize to a large combo for a dollar more.***
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Jun 11, 2024, 11:22 AM
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Clemson Icon [27036]
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What I would do...
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Jun 11, 2024, 12:28 PM
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1) buy LTR nearby
2) buy 2nd LTR nearby
3) buy office building nearby
4) buy STR close enough to go visit (must have hot tub)
5) buy another STR close enough nearby (must have hot tub capabilities)
6) renovate the 2nd STR
7) fix up first LTR nearby to sell, fire your property manager on the first STR because they suck and manage yourself, leverage almost everything you have except for primary real estate to try to pay for the renovations of the 2nd STR because it cost x2 original quote because everything that could have been wrong... was wrong. All of this must be done at the same time.
8) i'll get back to you when I have this figured out.
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Clemson Icon [27036]
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Oh... also in step 7... have another kid.
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Jun 11, 2024, 12:29 PM
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I forgot that part.
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All-Time Great [90963]
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You must have a lot of cash waiting around for down payments
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Jun 11, 2024, 12:32 PM
[ in reply to What I would do... ] |
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or purchases.
If I had that much cash sitting around I'd find a 5% money market or savings account somewhere to stick it in and have no risk or work.
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Clemson Icon [27036]
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I enjoy the real estate stuff... and getting places I can go visit.
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Jun 11, 2024, 12:33 PM
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I used to have a lot of cash sitting around... until step 7. I no longer have a lot of cash sitting around.
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Heisman Winner [84104]
TigerPulse: 100%
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You forgot to add hookers and blow.
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Jun 11, 2024, 12:34 PM
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YWIA
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Orange Immortal [64254]
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mine is pretty much "deposit in retirement fund"
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Jun 11, 2024, 12:41 PM
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it's AMAZING how much spare investment money shows up w/o a mortgage or rent payment.
Will be using this in coming years to enhance house and property when I get the long-deserved spare time. List similar to what you mention.....paint house, insulate and put plumbing in workshop to make it inhabitable, new dock for pond, rebuild chicken house, build some new fenceline, repair driveway, etc etc etc.
Time + Money + lengthy to-do list = good retirement
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All-Time Great [90963]
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Thats kind of another reason i'd sell this place
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Jun 11, 2024, 12:46 PM
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I don't want to spend all my retirement money working on it.
I think I'd rather sell and buy something that doesn't need any work.
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Orange Immortal [64254]
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but that's all I wanna do, stay home
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Jun 11, 2024, 12:54 PM
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I've travelled everywhere I need to go already. Seen what I needed to see. If I never get on a plane again, I'm perfectly happy. If I never leave the tri-county area again, I'm OK with that too.
I wanna be a homebody on a farm and just exist. Play golf, fish, hunt, grow stuff, raise animals, and exist. That'll make me happy.
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Clemson Icon [27036]
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I am an enigma. I oscillate between this, and the idea I threw out
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Jun 11, 2024, 12:59 PM
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recently to my wife, was try to it where the sun never sets on the tigerny empire. Then, whichever property doe not book for the next two weeks, that is where we will stay. We just travel all over the place, constantly. Although, I think that would get old fast. Just trying to keep options open.
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TigerNet Legend [147819]
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When I retire, I want to travel all over the world going on safari to hunt
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Jun 11, 2024, 1:32 PM
[ in reply to but that's all I wanna do, stay home ] |
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humans. They are, after all, the most dangerous game. Really...it's kind of getting boring only hunting them around York County on weekends, I mean.
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Ultimate Clemson Legend [109072]
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I got another decade.***
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Jun 11, 2024, 2:17 PM
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