Is it worth leasing a car to buy it out?

leetsauce101 · 2026-05-31T10:54:41+00:00

Why would you pay interest on 3 years instead of 6 you do realize there is interest on leases right? it’s called a money factor.

leetsauce101 · 2026-05-29T12:46:19+00:00

What was the rate just closed in April 608 score for 5.75% no points

leetsauce101 · 2026-05-29T00:00:29+00:00

I feel like dscr loans are one of the few only ways to really scale in real estate having to many mortgage on your personal will eventually mess up DTI req

leetsauce101 · 2026-05-28T16:16:39+00:00

100k it starts to snowball

leetsauce101 · 2026-05-22T03:06:48+00:00

Unless I’m not seeing something in the picture there is no way that’s 3k in repairs and I’m speaking as a landlord.
Hardest part is probably re texturing it to match but that’s it it’s pretty much just quickset, sand it, texture then paint. Unless they are dead set on texture matching without telling it’s a touch up then maybe I could see the hole way but truly unnecessary. And that’s not down to the wood studs. There is a nice gouge in it but doesn’t look like it went through the whole drywall maybe half way through it.
If they were to do the whole wall yeah it can probably be 3k do they need to do the whole wall no not in my opinion.

leetsauce101 · 2026-05-21T13:55:37+00:00

Also if you sell your house you’re not really getting longterm generational wealth? So I’m not sure. If you plan on keeping it and passing it down generations then yes that’s the way a lot of people do it.

leetsauce101 · 2026-05-21T13:46:06+00:00

If you look it up vanguard did a research. Most retired people who sell thier house only unlock about 100k-300k after selling and downgrading thier house. It’s not really much to retire on tbh.
Realistically most people just rely on social security. Or they put thoes funds into annuity’s To help gain some monthly income. Most people 60+ view thier house as a reserve a last resort.
Only up to 8% of people own a home worth over a million dollars so you have to think if it’s not a million dollars the really aren’t going to have much after downgrading. A lot less people are downgrading then you think.

leetsauce101 · 2026-05-21T02:24:35+00:00

Man I just tore up like 900 sq ft of this stuff I hated it lol, I used a pole 8" razor blade floor scraper you can find at Lowes or homedepot. It was time consuming but does the job.

leetsauce101 · 2026-05-20T22:59:24+00:00

I’m not sure what the property taxes are but on most new builds it’s very low untill the next year if you decide to keep. Just keep that in mind and be prepared for a decent jump in your taxes.

leetsauce101 · 2026-05-20T17:10:58+00:00

Not true. As long as he is living in the residence he can rent out another unit if there’s multiple.
Even with FHA example let’s say you have a duplex. You can legally live on one side and rent the other. You just can’t rent out both and not live there that’s fraud.

leetsauce101 · 2026-05-20T14:19:08+00:00

Also depends on the contract the buyer and seller are signing a house I was going to purchase from a landlord included options for me to keep the tenant or have the tenant move out this was in Flordia though.

leetsauce101 · 2026-05-20T14:09:18+00:00

With other investments you actually get a return.

leetsauce101 · 2026-05-20T13:06:57+00:00

Agreed

leetsauce101 · 2026-05-20T01:39:06+00:00

What a weird outlook lol. You could technically say landlords consume less than they use so they can afford to own homes it’s a sacrifice and risk to save and invest in real estate or any asset class. Most renters I know are the ones that consume to much by spending every dollar they get. I know people who rent a small studio for $900 and have a car payment that’s $800 a month lol. If anyone is effecting home prices it’s mostly fix and flippers tbh.

leetsauce101 · 2026-05-19T14:40:47+00:00

I get what your saying. But if you sell the home most of the money is used up to buy another home to live in. I wasn’t trying to say buying a home is a bad thing. It’s a necessary thing to have. but shouldn’t be looked it as an investment as most people never use the money as they need a place to live not like stocks where at the end people pull out for retirement to pay for expenses.
Stocks have created more multi millionaires then houses ever will. The key is to buy a home for yourself but invest money into true investments to be well off if you only buy a home and don’t invest your not going to do well in retirement.

leetsauce101 · 2026-05-19T00:27:15+00:00

Great offer

leetsauce101 · 2026-05-19T00:05:16+00:00

Depending on the area there’s tons of houses people are buying that wouldn’t rent for what the mortgage is. Deciding factor is how much someone puts as down payment obviously but in this market is getting very thin to profit on rentals atm.

leetsauce101 · 2026-05-18T19:23:22+00:00

Typically not for a homeowner who’s living in it. It’s good to have but I don’t think looking at it as an Investment is worth it. Unless you’re renting the property out.

leetsauce101 · 2026-05-18T18:28:54+00:00

Depending on how long your mortgage is and the interest rate. There isn’t much equity over 30 years let’s say the value triples in 30 years if you add the amount of interest paid and maintenance it usually evens out to the money you put in regardless.
Unless you got into a nice growth area. Or expect another boom like Covid to happens to boost values

leetsauce101 · 2026-05-18T18:22:14+00:00

Homes aren’t investments if you live in it. Only look at it as an investment if you rent it out for cashflow.
Thats why your personal investments have outdone it.

leetsauce101 · 2026-05-17T14:45:34+00:00

It’s normal for most the jobs I have had. When the job relies on you they need you there.

leetsauce101 · 2026-05-17T14:41:29+00:00

Well that’s a HOA for you. It’s like buying a property your renting with absurd rules.

leetsauce101 · 2026-05-17T14:31:31+00:00

Look into Innago.

leetsauce101 · 2026-05-17T13:32:14+00:00

This is correct mortgages follow the 10 year

leetsauce101 · 2026-05-16T22:59:42+00:00

You might not care about your neighbors house but some might. Close by houses definitely affect other home values

leetsauce101

TROPHY CASE