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Started By
Message
re: Suggestion on buying/selling homes?
Posted on 7/30/13 at 10:28 am to Ric Flair
Posted on 7/30/13 at 10:28 am to Ric Flair
Yeah, I'm mowing 5 acres now --not a field, basically a fairway--I hit golf balls on it all the time.
Prop 1 is rural, and the layout isn't that conducive to dividing the property. I'm not really that keen to being a landlord. I basically built and developed prop 1, our first owned home, so there's a sentimental element, but I'm trying to see if there's a reasonable way to keep it for one of the children for when they're older.
The guest house on prop 2 is connected by a breezeway. I don't think I'd want to rent it--too close for comfort. And it's so nice and open, I could see us spending a lot of time there, especially on LSU football Saturdays.
I guess I'll find out if the equity in both homes is enough for lenders to work with me. If not, I'll sell outright and basically have the same mortgage, but two homes. Love my home--comfortable and practical..but it's hard to pass on the 2nd. It's the kind of home you want to retire in. It's not listed. A widower who has become a close friend just suggested it out of the blue one day.
Thx for poster's comments/suggestions.
Prop 1 is rural, and the layout isn't that conducive to dividing the property. I'm not really that keen to being a landlord. I basically built and developed prop 1, our first owned home, so there's a sentimental element, but I'm trying to see if there's a reasonable way to keep it for one of the children for when they're older.
The guest house on prop 2 is connected by a breezeway. I don't think I'd want to rent it--too close for comfort. And it's so nice and open, I could see us spending a lot of time there, especially on LSU football Saturdays.
I guess I'll find out if the equity in both homes is enough for lenders to work with me. If not, I'll sell outright and basically have the same mortgage, but two homes. Love my home--comfortable and practical..but it's hard to pass on the 2nd. It's the kind of home you want to retire in. It's not listed. A widower who has become a close friend just suggested it out of the blue one day.
Thx for poster's comments/suggestions.
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