You guys seem pretty good with money. Advice for a bottom feeder?

jkarovskaya · 2019-04-17T13:22:14+00:00

Before you buy any house, visit the area on Friday & Saturday nights to see if it's loud, or quiet, druggies and party time, or quiet families

Knock on doors of the neighbors. Your objective is to find out what kind of people they are, and if they would recommend the area.

IF you are not in the building trades, buy a book (or two) and study up on exactly what a home inspector should be looking for as to condition of the house. Be damn sure you are there to go through the inspection with the guy, ask a lot of questions, and make sure he covers everything in the report.

Location is everything, and the more land you have the better for privacy. In a lot of neighborhoods, fences make for better neighbors, as it will keep the kids & dogs & drunks out of your yard.

best of luck

DerdyG · 2019-04-17T13:14:51+00:00

buy the house and then lose it in a divorce ^{^/s}

PythagorasNT · 2019-04-17T13:13:33+00:00

Save up for a downpayment so that you don't have to deal with PMI. That will put you in the best position possible.

deadBeefCafe2014 · 2019-04-17T13:14:59+00:00

130k might get you a condo in central MA.

Housing this way is absolutely nuts. (From DPRMA as well.)

LorenzoTheLoser · 2019-04-17T13:26:04+00:00

Yo I'm from Mass as well. It's a small world.

CoinSwapTrader · 2019-04-17T13:44:20+00:00

Focus on minimizing expenses and cash flow costs.
In this economy it is safer to rent than over leverage yourself with an over priced home...wait until interest rates rise more and home prices deflate. I would suggest buying gold and silver now while it is still cheap and waiting a few years to buy your house with your gold which will be worth more as home prices deflate...Follow the Gold to silver to Home price ratios!

CiceroVoltaire · 2019-04-17T13:48:51+00:00

Buy high and sell low.

wait, I think I have that backwards?!

/s

Learn how finance, money, capital, work. Educate yourself.

One book that helped me a great deal was "The Intelligent Investor" by Benjamin Graham, his approach is value investing, which includes dollar cost averaging - investing small amounts over a long period of time. If you learn how to assess companies' value, and use dollar cost averaging, you can do well with minimal risk. I used this approach as my baseline for conservative growth and income, then had more aggressive risk / reward investments.

This approach helps you avoid getting caught up in the emotional roller coaster of the market minimizing your chances of making poor decisions. I treated my dollar cost averaging value investments like automatic pilot, checking on them regularly but not actively managing them.

There are many investment strategies, educate yourself and find which work best for you.

BTW, Benjamin Graham was Warren Buffet's mentor.

NietzscheExplosion · 2019-04-17T14:37:52+00:00

Why move our from GPs? They that bad?

Thermotastic · 2019-04-17T14:58:21+00:00

Be careful and have that HUD house inspected with a fine tooth comb. As they are sold as is. Check the foundation, old wiring, water leaks, age of the roof.

If it's been sitting empty for over a year with the water off. Check the ALL water valves and toilet seals. Along with the plumbing vents on the roof.

I got a HUD house that's 97 years old. Crawlspace is a cluster fuck because of the hvac ducts, and additions made to the house over the years so I have 3 doors, foundation and floors aren't level anymore, plumbing needs to be replaced. Back bathroom is steel pipe and the rest of it is cpvc. So I have to completely replumb that bathroom. Upstairs bathroom water leaked (due to insulation problems and cold weather) into the attic space and into the ceiling of the bedroom on the ground floor.

HUD can be great and nightmare at the same time.

2019-04-17T15:49:26+00:00

I would do a cost-benefit analysis of whether buying a home is a good option for you at this time. Have you factored in maintenance? HOA fees? Ability to move for work? Do you need or want the “extra” space? Can you afford it for 6-12 months if you lost your job?

I would caution any single man looking to buy a home in 2019 if not for investment purposes.

Maximum_Afternoon · 2019-04-17T18:17:51+00:00

If you are young, say, under 35, the VALUE of being able to move to other jobs with much higher earning potential outweighs the VALUE of money you might save by scrimping and saving on a house project.

One of your biggest assets currently is the ability to leave where you are and go work on a pipeline in Alaska or Antarctica for 6 months with two days notice.

PhantomCowboy · 2019-04-17T15:24:02+00:00

yeah. move out of Taxachusetts.

Title	You guys seem pretty good with money. Advice for a bottom feeder?
Author	GreyTortoise
Upvotes	10
Comments	15
Date	April 17, 2019 1:10 PM UTC (7 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/be7mo8/you_guys_seem_pretty_good_with_money_advice_for_a/
Archive Link	https://theredarchive.com/r/MGTOW/you-guys-seem-pretty-good-with-money-advice-for-a.481084 https://theredarchive.com/post/481084

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