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Started By
Message
re: What’s your age and net worth?
Posted on 12/29/18 at 6:50 pm to PortHudsonPlaya
Posted on 12/29/18 at 6:50 pm to PortHudsonPlaya
$600,001.350
At 41.288 yers old.
At 41.288 yers old.
0
Posted on 12/29/18 at 6:50 pm to thelawnwranglers
quote:
Nice building equity too
You don't need tips from me lol
I got really lucky in my first home purchase. It was 2013, the market was just starting to tick back up, found a decent house, in a good school district on foreclosure. It was a HUD house, I barely qualified to get it being a first-year teacher with some debt, but I got it. $37k. Put about $15k in it to make it very nice and it appraises for over $90k. I have a seven year loan on it (yes, seven) which is $563/month. It rents for $750 and I have had the same single tenant in there for the past three years and he has extended through July 2020 already.
Rental properties is a passion of mine, but finding the RIGHT tenant really is the difference maker if you want to make money with it. I know they wont all be like him. He has had one filing in three years (an old used fridge died). He deserved a good one and I treated him right. Great relationship.
Posted on 12/29/18 at 6:53 pm to PortHudsonPlaya
Older than you and worth less than u . If you broke I be real broke .
Posted on 12/29/18 at 6:54 pm to iAmBatman
quote:
One year younger and $1 more than whatever the youngest and richest person says they are
You're SOL if that 19 year old vape store owner shows up.
Posted on 12/29/18 at 6:54 pm to rpg37
quote:
got really lucky in my first home purchase. It was 2013
I bought 2008 in NJ I knew we weren't bottom but figured close. Lost 90k equity (down payment) immediately
I was wrong way wrong. 10y later I might have clawed back that down payment/ equity
I always wanted property, but you have to have a good touch.
Posted on 12/29/18 at 6:56 pm to thelawnwranglers
quote:
I bought 2008 in NJ I knew we weren't bottom but figured close. Lost 90k equity (down payment) immediately
Bought my first house in February of 2007. Basically the top of the market
Posted on 12/29/18 at 6:57 pm to thelawnwranglers
quote:
I bought 2008 in NJ I knew we weren't bottom but figured close. Lost 90k equity (down payment) immediately
I was wrong way wrong. 10y later I might have clawed back that down payment/ equity
I always wanted property, but you have to have a good touch.
I listen to some podcasts and they say NJ is one of the five toughest rental property states to capitalize on due to excessive taxes and zoning laws. Listen Money Matters do a lot of their business in Hoboken, NJ and these guys struggle and it's all they do. As a side hustle, I couldn't do it.
Posted on 12/29/18 at 6:58 pm to PortHudsonPlaya
Older than that. Higher than that.
Posted on 12/29/18 at 6:59 pm to fallguy_1978
quote:
Bought my first house in February of 2007. Basically the top of the market ?
I got the oh frick market is going to shite new home buyer loan from fed
The next year it turned into a gift
I am out of the hole final. Was a real wealth killer.
Posted on 12/29/18 at 6:59 pm to fallguy_1978
You still have a place to live and I assume can cover the note. It's all hypothetical until you sell anyway.
Posted on 12/29/18 at 6:59 pm to PortHudsonPlaya
About $900k 40 years old
Posted on 12/29/18 at 7:00 pm to PortHudsonPlaya
Subtle brag
I’d have about 120k if not more but marriage and divorce ruined that
I’d have about 120k if not more but marriage and divorce ruined that
Posted on 12/29/18 at 7:00 pm to PortHudsonPlaya
33
215,000
215,000
Posted on 12/29/18 at 7:01 pm to rpg37
quote:
excessive taxes
$10k on a 1950s 1,500 sqft ranch
That doesn't include state income tax
It is a real beast
Posted on 12/29/18 at 7:01 pm to TigerBalsagna
I will need to check my storage unit, as that is where I keep all my cash.
Posted on 12/29/18 at 7:01 pm to Jim Rockford
quote:
You still have a place to live and I assume can cover the note. It's all hypothetical until you sell anyway.
We don't live there anymore. I had to write a 10k check to sell it though. Prices had recovered somewhat.
This post was edited on 12/29/18 at 7:03 pm
Posted on 12/29/18 at 7:02 pm to PortHudsonPlaya
34. Net assets (wife and I) are $630,000+
Posted on 12/29/18 at 7:04 pm to PortHudsonPlaya
32 married and have twin 3 y/os and broke
Though I do have an inheritance with a couple thousand acres of land
Though I do have an inheritance with a couple thousand acres of land
This post was edited on 12/29/18 at 7:07 pm
Posted on 12/29/18 at 7:08 pm to PortHudsonPlaya
88
$10k but those lottery tickets will take care of everything.
$10k but those lottery tickets will take care of everything.
Posted on 12/29/18 at 7:08 pm to RummelTiger
I see you are a complete Beta
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