The Official Homeowners Thread
- Thread starter Dolla$
- Start date
My Breh got a whole farm and shyt.
Yea I haven't posted my setup in a minute this about a month ago
4th year doin it, grew everything from seeds this year
I want yall brehs to read this post and read the post in the comments by lord of the slums. What he typed is fuking music to my ears. What do yall brehs think about this?
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NeilCartwright
All Star
I hear good things about the 203k loan
I already have a mortgage. I meant a loan on top that just for making upgrades.
These are the options I know of:
- You can get a home improvement loan from your bank. The interest rate is usually in between an auto and personal loan rate, fixed, and no equity in your home is required, depending on the bank. This is reported on your credit as a revolving loan, if I'm not mistaken.
- You can get a home equity line of credit (HELOC) and the amount you can get depends on the amount of equity in your home. This also puts a second lien on your house and would be reported on your credit as a mortgage.
- 203k. You would need to refinance your mortgage and include the cost of renovations. This means going through the mortgage application process again and you would have a new loan servicer, but you would also have money to make your repairs.
if you MUST be in a new every few years than yea sure go ahead and lease. Other than that used cars is the way to go.
https://www.amazon.com/gp/aw/d/B07P9ZNHH3/ref=psdcmw_2314207011_t1_B07P7SP7MV
Get these for your garage, thank me later.
Get these for your garage, thank me later.
Had to put big money into my hvac system 
don’t let your home warranty expire brehs
don’t let your home warranty expire brehsNeilCartwright
All Star
Is it possible to use a HELOC to buy another property? I know it’s a line of credit, but can I solely use that and not another down payment for the new property?
Ex-Put down 20% on a 100k home. Take out a HELOC to put another 20% towards another property and buy it
Ex-Put down 20% on a 100k home. Take out a HELOC to put another 20% towards another property and buy it
From my limited knowledge, yes, there are no restrictions on what you can use the money for. The amount it dependent upon the amount of equity in the home though, so that could complicate things.
Found a black handy man. It's a friend of a friend's father and he built his daughter this beautiful deck. He's coming over today around 2pm. I've been putting money into a CD so I can get new windows next year. I suck with saving, so I needed something I wasn't allowed to withdraw without penalty 
I want to at least get the main floor done before another summer comes and hopefully the rest before winter. It's so much shyt I need done to the house and I kind of want to get it done all at once, but there is also some small things that need to be addressed now. If this guy could work by the hour, that would be cool. I can invest $500/month for 3-4 ,month. So at $50/hour, that's 10 hours of work per month. I think that's enough time to knock everything out.
I want to at least get the main floor done before another summer comes and hopefully the rest before winter. It's so much shyt I need done to the house and I kind of want to get it done all at once, but there is also some small things that need to be addressed now. If this guy could work by the hour, that would be cool. I can invest $500/month for 3-4 ,month. So at $50/hour, that's 10 hours of work per month. I think that's enough time to knock everything out.
Me And The Wife Currently Have 55k In The Savings, Goal Is To Have 70k By The End Of The Year (50k For A Down Payment, 10 For Emergency Fund, 10k For Some New Furniture And Appliances) $0 Debt
We’re Going The Condo/CoOp Route
Kills Me To See What We Could Get In A Place Like Orlando Compared To Here
Still Going Forward With It Though, Still Want A Fixed Payment And Ownership In Something To Have An Asset Under My Belt, Goal Is To Get A 15 Year Fixed
And Nah We Ain’t Moving lol
We’re Going The Condo/CoOp Route
Kills Me To See What We Could Get In A Place Like Orlando Compared To Here
Still Going Forward With It Though, Still Want A Fixed Payment And Ownership In Something To Have An Asset Under My Belt, Goal Is To Get A 15 Year Fixed
And Nah We Ain’t Moving lol
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