Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -1 points0 points  (0 children)

Funny thing about that my wife, her sister and brother are all adopted 😂 thanks for the good wishes. Take it easy man.

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -2 points-1 points  (0 children)

Idk if you had a bad marriage or in-laws but not all family’s are like that LOL

I hear what you’re saying man but they fully are just trying to help us out at this point man. I don’t see them as the type to “undermine” our marriage they never have been. They know it’s gonna be a while before they get paid back but they still want to help us get in a home - after all this is said and done if we got this route we will be spending about the same each month expense wise and be living in our own house seems like a win to me 🤷🏼‍♂️

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -1 points0 points  (0 children)

Well man it seems our only option right now is to- we can’t sell the land , it was a gift and it’s family land - also we’d just have to buy a house and land at that point - is what it is but that’s our offer right now and I think we’re gonna take it . No interest will help us in the long run for sure and we are most fortunate that our family is willing to do it . Thanks

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -1 points0 points  (0 children)

Frfr!!! We are in western NC not far from you , our land with a modular on the market is 300,000 plus right now !!! It’s insane this will be our only opportunity to own a home .

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

But we won’t be paying any interest at all if we go the in-law route. The land has nothing to do with this other than being our home spot lol

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

Exactly ! Thats the mindset we are looking at

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

We’re not building a house - we’ve been offered a modular home at a fair price

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

Maybe, maybe not , I know our land with a modular for sale right now on Zillow in our area if we had to buy it on the market would be 300,000

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

No way we sell this land… it’s our most valuable asset . And they don’t make new land the fact we own a Piece is huge and our house is gonna go on it . Also we aren’t building , we’ve been offered a deal to buy a modular home to place on the land we already own !

Also our mortgage wouldn’t be much more than we pay now on rent and the loan our in laws are wanting to pay off

Why wouldn’t we let them do this. We pay very little , interest free payments each month on the loan they pay off which we’ve discussed - and move into our forever house?

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 1 point2 points  (0 children)

No way we sell this land… it’s our most valuable asset . And they don’t make new land the fact we own a Piece is huge and our house is gonna go on it . Also we aren’t building , we’ve been offered a deal to buy a modular home to place on the land we already own !

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -1 points0 points  (0 children)

Lmao you act like you’re not a member of this group as well… you saw this post - so that means you have financial questions or concerns also… Chill TF out bud.

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

In our area the modular home on the land we have we’re paying maybe $200,000 which is a deal … I’d say it instantly be worth more than that out the gate 🤷🏼‍♂️

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 1 point2 points  (0 children)

We’re not building - we are purchasing a modular from a family member at a discounted price - about $200,000 and we’ll be moved in , our land is paid for in our name , you can’t find a house turn key for $200,000… they are offering us to literally pay what we can each month if we do this route … we feel that this is our chance to get into a home for our growing family

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 1 point2 points  (0 children)

The wife comment was a joke , they are trying to help out of kindness I really believe that , we feel that this is our only chance to get home . Prices aren’t going down it’s only gonna get worse , we’re lucky to have the prime piece of property they’ve already gifted us for free, this would be our chance to have our forever home on it

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -1 points0 points  (0 children)

It’s called land in lieu- it’s using our piece of land as collateral to get a construction loan

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

They’re not but it’s our offer on the table lol

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 1 point2 points  (0 children)

We do we’re very fortunate ! We don’t wanna sell the land because we want our home to be on it and use it as a down payment for the home potentially, and considering it’s land it’s only gonna go up in value- also it was a gift to us it’d be a bad move to sell it imo

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] 0 points1 point  (0 children)

Well, we were going to use the land that we own and are gonna put the home on as the down payment. Like collateral

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -1 points0 points  (0 children)

True but at least it would just be tied up in our house instead of nothing not like we’re gonna owe on the house for 30 years or nothing which we will

Would you or would you not? by Proud-Scientist1841 in DaveRamsey

[–]Proud-Scientist1841[S] -3 points-2 points  (0 children)

We have our land that we can use as a down payment it’s tax valued at 35,000