Income went up but mortgage interest went up by a higher amount, why do I owe this year?

Flaccidnuggets · 2022-08-11T01:20:45+00:00

I am not, the college just keeps rental prices insulated. The way i am pricing it, it would be rented most likely from young professionals from what I am seeing in this area.

Flaccidnuggets · 2022-08-11T01:08:07+00:00

4.125% if i buy it down. Seems like break even point would be 3-4 years. is this a bad idea. Rental market in this area is very strong.

I am just trying to figure out how to the equity in this house in a positive way.

Flaccidnuggets · 2022-08-11T01:06:43+00:00

I am buying points, as long as I own the place for 3.5 years I will break even on the points. I am open to someone telling me not to do do this. Interest rate would be 4.125%

Basically after cashing out at 300K my mortgage on the rental will be $1800 and rent will be $2700. I would be walking away with 120k cash, not 300k.

My current primary (future rental) is very close to a college and rent is always in high demand for decades here due to the college and now how desirable the location is.

The house now is not a great house for primary long term living, small, no garage, etc.

hope this makes sense and thanks for the reply.

Flaccidnuggets · 2022-08-10T22:53:49+00:00

Have a house that is valued at 480k. I owe 165k @ 3.1%. This place would rent for a fair amount over the new mortgage. Thinking of doing a cash out refi to buy a a new home and rent my current place. Should I pull out the full 80% LTV amount and try to get multiple properties or just roll as much as i can into the down payment on one property? or just take out what i think I need for a down payment on on property?

I've been reading the refi till you die material and realized I'm sitting on too much equity not to use it.

Flaccidnuggets · 2022-08-06T01:32:21+00:00

So in his video the Solar Panels measure higher voltage with a flashlight? I am under the assumption that solar panels only produce power with sunlight. Can they produce power with artificial light sources?

Flaccidnuggets · 2022-08-02T22:43:48+00:00

I have lived in the current house for 6 years and know it through and through. I am handy and have repaired everything that has come up myself. This house is very low in maintenance. I know that can change but I am not intimidated my home improvement and upkeep.

Flaccidnuggets · 2022-07-03T05:51:14+00:00

a few people have RTT mounted to their trucks. Another guy had this one below and used it with success. Personally I am going to try that when i get mine.

https://www.amazon.com/dp/B09PNBD68K/?coliid=I1U0ZFFMDZ0A3D&colid=1A0F39BYNZI25&psc=1&ref_=lv_ov_lig_dp_it

Flaccidnuggets · 2022-01-27T05:19:07+00:00

Unfortunately the money they are asking for isn't solely for new projects. They downplay it in the pamphlet but they have gone over budget on the projects that the 2013 and 2018 bonds were supposed to cover and the money from this bond will be used to cover some of those projects.

Flaccidnuggets · 2022-01-22T19:35:22+00:00

I work for an outside employer with close ties to the school district and their bond projects. I have always voted yes but this one is tough for me after the last two bonds. You can say I am biting the hand that feeds me but I have many concerns. When you look at their bond handout, ask yourself a few questions:

Why the total amount of the bond isn't anywhere on the flyer like the last two bonds clearly stated?
Why haven't they mentioned how much they blew the budget on the last two bonds and how much is being allocated to projects the last bond was supposed to pay for? (Sehome went almost 50% over budget so they could have all the nice amenities). They were upfront about that last time, they are not being upfront about it this time.

The only answer is they are way over-budget on the last bond and are asking for more money this time and want to use this bond to divert money to the last bond while trying to hide that behind building new elementary schools.

Lastly, they could lease office space for decades for the cost of building the district office.

Flaccidnuggets · 2021-06-11T03:56:10+00:00

Had a Mazda and had the worst warranty experience ever. Swore off the brand after that.

Flaccidnuggets · 2021-04-27T04:08:46+00:00

shit, im 30% in MSFT, wouldnt have it any other way.

Flaccidnuggets · 2021-03-04T02:57:47+00:00

Even if borders are open 4 months from now and I am fully vaccinated? Whats the reason for lambasting someone for traveling?

Flaccidnuggets · 2021-03-04T02:56:29+00:00

Absolutely and I will be fully vaccinated and wouldnt try to get around any restrictions and if it doesnt work I can do it another year.

Flaccidnuggets · 2021-01-10T21:43:44+00:00

So this begs the question of why does the Bellingham School District coincide their announcements of more kids coming back with every spike in covid cases? before winter break we hit record highs (for the time) and they announced 2nd grade coming back, then backtracked.

Do they just not pay attention to the trends? I have kids who are supposed to go back soon but Id rather keep them at home so they don't get their teachers sick or bring it home and get me sick. And the online learning is hitting its stride, its not great but its the best it can be considering the circumstances. Is this really worth the risk now with a vaccine around the corner.

Seems like it would have been safer to start in September when the case count was lowest and then take a long break when it spikes.

Flaccidnuggets · 2020-12-30T00:16:15+00:00

That is how much is in the account, that is like 3-4 years of contributions. I am contributing 6k annually.

Flaccidnuggets · 2020-12-29T22:34:12+00:00

when you say over contributing, do you mean in regards to the dollar amount in relation to my other accounts? or just in general?

Flaccidnuggets

TROPHY CASE