-
Hi, I am the owner and main administrator of Styleforum. If you find the forum useful and fun, please help support it by buying through the posted links on the forum. Our main, very popular sales thread, where the latest and best sales are listed, are posted HERE
Purchases made through some of our links earns a commission for the forum and allows us to do the work of maintaining and improving it. Finally, thanks for being a part of this community. We realize that there are many choices today on the internet, and we have all of you to thank for making Styleforum the foremost destination for discussions of menswear. -
This site contains affiliate links for which Styleforum may be compensated.
-
STYLE. COMMUNITY. GREAT CLOTHING.
Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.
Click Here to join Styleforum's thousands of style enthusiasts today!
Styleforum is supported in part by commission earning affiliate links sitewide. Please support us by using them. You may learn more here.
carrying 2 mortgages
- Thread starter thekunk07
- Start date
- Watchers 4
Harold falcon
Stylish Dinosaur
- Joined
- Dec 6, 2009
- Messages
- 32,028
- Reaction score
- 11,364
Buy Dream home.
Rent out first home.
Rent out first home.
- Joined
- Jun 9, 2005
- Messages
- 45,631
- Reaction score
- 54,493
As long as you are realistic about the value of the house you're selling and not wasting 6 or 9 months taking cut after cut on the price while still paying the mortgages, you should be fine. Wasting months to get to the same point but having also paid 6 months of mortgage in the mean time is the wrong approach.
- Joined
- Jul 25, 2006
- Messages
- 28,098
- Reaction score
- 1,279
i don't want to do it but i think i am going to have to. found our dream house and cannot pass it up but i think mine will be sit for a bit. how fucked am i?Originally Posted by thekunk07
depends on the house you're selling. I'm in that boat at the moment and am not happy.
That said, I had good renters for the past two years, so the house isn't a shambles - but I still spent the better part of a day replacing light bulbs, tightening doorknobs, and other minor crap.
thekunk07
Stylish Dinosaur
- Joined
- Apr 27, 2007
- Messages
- 18,117
- Reaction score
- 3,247
^the assumed listing agent for my current house is a good family friend and said given what a charming little house it is, it should move fast "” just have to price it right. my head is just spinning between the kids being upset about the prospect of moving and the sell/buy challenges.
Harold falcon
Stylish Dinosaur
- Joined
- Dec 6, 2009
- Messages
- 32,028
- Reaction score
- 11,364
^ i probably could/can, but have an obnoxious pre-conceived idea that most renters will screw me.Originally Posted by thekunk07
Most renters will screw you, that's why they are renters in the first place.
But it can be fun. Get insurance for the property, charge them a bundle in a security deposit, and that way even if they do destroy it you'll be covered.
A small part of my business is evictions for a couple of landlords here in the area. It's always good fun evicting some poor single mother from the pseudo-trailer park. About a year ago I had to file papers to evict a single mother with two mentally handicapped children. I drank heavily that night to soothe my conscience, I assure you.
Manton
RINO
- Joined
- Apr 20, 2002
- Messages
- 41,314
- Reaction score
- 2,879
^the assumed listing agent for my current house is a good family friend and said given what a charming little house it is, it should move fast "” just have to price it right. my head is just spinning between the kids being upset about the prospect of moving and the sell/buy challenges.Originally Posted by thekunk07
Aren't you moving like ten feet?
Dedalus
Distinguished Member
- Joined
- Sep 14, 2007
- Messages
- 2,592
- Reaction score
- 3
Renting only delays the carrying of 2 mortgages. Very hard to sell with people living in there. Renting is also a headache, worrying about the property and the tenants and the like. Why give yourself that extra headache? I think renting is only something you do if you can't sell.
FEATURED PRODUCTS
-
LuxeSwap Auction - Vintage Antique United States Naval Navy Denim Deck Jacket
A piece for denim heads, vintage collectors, streetwear enthusiasts and menswear enthusiasts alike, this extremely rare early US Naval issued deck jacket in raw denim is not likely to ever show up at auction again anytime soon. A Haleys Comet of menswear items, offered at auction at a $9.99 starting bid with no reserve.
-
Wellington Chore Boot - Special Introductory Price! $495
Introducing the latest addition to Nicks Handmade Boots collection: The Wellington Chore Boot. Engineered for the rigors of daily tasks, this boot is more than just footwear; it's a reliable companion for your everyday adventures. Crafted with convenience in mind, its effortless pull-on design ensures you're always ready to tackle whatever the day throws your way.
-
Besnard - Made to Order Trousers - $351 Design your ideal pair of trousers by selecting a fabric, deciding between single or double pleats, choosing a zip or button fly, and opting for side adjusters or belt loops.
Similar threads
