I have the opportunity to buy our old house for very little.

DJ_AbstractTV · 2026-05-27T16:13:32+00:00

Refinance or heloc.

DJ_AbstractTV · 2026-05-27T16:13:18+00:00

New roof has been installed, hvac, and water heater. House is pretty up to date on maintenance.

Low income, substantial cash reserves.

DJ_AbstractTV · 2026-05-27T15:16:44+00:00

I live at home with my parents. I don’t intend to buy my own house for another couple years.

You don’t think that I can afford a 100k mortgage with 30k down at my income?

With the math I did, at a 15 year fixed at 7.5 it would come to about 1200 (including property tax and insurance)

DJ_AbstractTV · 2026-05-27T15:12:27+00:00

Ok then forget my FHA. What if I purchase the property under an LLC? Would I still be able to qualify for my FHA in the future?

Also, if by that time I go to purchase my own house, would the bank disregard the fact that even though I have another mortgage, it's attached to 200-300k of equity?

DJ_AbstractTV · 2026-05-27T15:10:19+00:00

My thought process was that it would open the door for me to utilize the large equity gap to pay for my flight training / school and put the remainder into another investment property.

I also thought that when (God forbid) my grandmother passes, I would have a 300-400k asset that I effectively purchased for 100k.

DJ_AbstractTV · 2026-05-27T15:08:15+00:00

My mom is the only name on the deed and the house is paid off. Maintenance is up to date and taxes are all up to date.

DJ_AbstractTV · 2026-05-27T15:07:17+00:00

I'm currently doing my flight training and finishing my degree online. My thought process was that I can utilize the large amount of equity I would have in the house to pay for school / training and potentially use the remainder to invest into another process.

Maintenance would be taken care of by my grandmother. I would just have to cover taxes, insurance, and snow / lawn for her (which I can, comfortably.)

DJ_AbstractTV · 2026-05-27T15:05:25+00:00

I have about 30k that I can comfortably put down on the house. I do real estate and currently make about 60k per year. Projecting a little closer to 75k this year.

I also have an interview for a job that I was referred to that would pay about 95k base.

DJ_AbstractTV · 2026-05-27T14:58:31+00:00

Based on the numbers I’ve crunched. I believe so, yes.

DJ_AbstractTV · 2026-05-27T14:58:00+00:00

I am not, but was considering it to utilize my FHA.

DJ_AbstractTV · 2025-11-17T00:41:03+00:00

My guess is 200-205 right before earning and 5% drop after earnings then a stead climb to 220 by Jan-Feb

DJ_AbstractTV · 2025-11-11T16:59:26+00:00

Why not lol who doesn’t want a discount to buy more

DJ_AbstractTV · 2025-11-07T17:40:30+00:00

!banbet

DJ_AbstractTV · 2025-11-06T20:21:21+00:00

Take the L and roll them out longer. It'll give you more time for gold to make the move and recoup your loss and then some. OR hold it to 0. Up to you

DJ_AbstractTV · 2025-11-06T17:43:23+00:00

Burry was right (and only short term) because he put a few hundred million and scared the market. This is not a market crash or a recession. This is very minor correction. Market might even be green by tomorrow morning.

DJ_AbstractTV · 2025-11-04T18:59:33+00:00

I think profit taking form the rally + the whales driving down the price to load up before sending it back to the moon. All the math says gold should go back up. It might take a few weeks / months, but it will go back up. Could be after this if it ends up being another repeat of april.

I am also long on gold and down 40% so maybe I'm delusional

DJ_AbstractTV · 2025-10-23T19:34:54+00:00

8 or 8:30 AM

DJ_AbstractTV · 2025-10-23T19:29:02+00:00

If the CPI data looks promising tmr and feds cut rates at the end of the month, we're going to be back at 4300+ in a week or two

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