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Bob Dog · 11-12-2009, 04:54 PM

The trick can be to buy a house that is what you can afford more than what you really want. I mean a really cheap fixer up first starter house paying hard against the principle. Its amazing the difference in payoff period when the money you are paying in goes mostly toward the principle, rather than the interest. Like TL said get one that you can work on. You do not have to pay others to do the work, and you save 1) the intial cost of hiring some one to do the work 2) the tax on your pay check for the total amount 3) the cumulative interest on the entire amount, which can double or triple the net amount.
Anyone who can work on a car can easily master plumbing and electrical work. I hired tradesmen at firstand watched and asked question. I also took some home building courses at the local community college. Plumbing today is a lot like building models, in that its fitting pieces of plastis together and gluing them.
If you buy cheap you will be paying a much greater percentage of your total payment against principle: you can later sell, or do as I did and rent the unit, and use the rental income to pay against principle on another unit. Depending on where you live a mobile home in need of minor repair can bee had for a song, just be sure to check your local zoning laws as they can be strict on this form of housing. I paid one of in 5 years, paying only a few hundred a mounth.

11-12-2009, 04:54 PM	#1
Bob Dog DARK PHASE OF THE MOON Drives: 07 liftback Join Date: Apr 2009 Location: the Boondocks, NC Posts: 993	The trick can be to buy a house that is what you can afford more than what you really want. I mean a really cheap fixer up first starter house paying hard against the principle. Its amazing the difference in payoff period when the money you are paying in goes mostly toward the principle, rather than the interest. Like TL said get one that you can work on. You do not have to pay others to do the work, and you save 1) the intial cost of hiring some one to do the work 2) the tax on your pay check for the total amount 3) the cumulative interest on the entire amount, which can double or triple the net amount. Anyone who can work on a car can easily master plumbing and electrical work. I hired tradesmen at firstand watched and asked question. I also took some home building courses at the local community college. Plumbing today is a lot like building models, in that its fitting pieces of plastis together and gluing them. If you buy cheap you will be paying a much greater percentage of your total payment against principle: you can later sell, or do as I did and rent the unit, and use the rental income to pay against principle on another unit. Depending on where you live a mobile home in need of minor repair can bee had for a song, just be sure to check your local zoning laws as they can be strict on this form of housing. I paid one of in 5 years, paying only a few hundred a mounth.