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The Home Ownership Thread

Discussion in 'Fine Living, Home, Design & Auto' started by Douglas, Jan 31, 2012.

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  1. otc

    otc Stylish Dinosaur

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    Yeah, I mean my idea would never be to keep it rented forever. Just rent it out long enough to cover a good chunk of costs (save X% of the rent in a dedicated fund for converting the place back to single occupancy).

    Then when I have kids or something (probably wouldn't do this until I was married/engaged), stop renewing the renter's lease and expand my floorplan.
     


  2. imatlas

    imatlas Distinguished Member

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    I would probably keep the property the way it is but upgrade to a larger home and rent out both units. That was the idea, anyway. It's not realistic in the current SF market.
     


  3. SkinnyGoomba

    SkinnyGoomba Stylish Dinosaur

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    That's what most end up doing, rather than booting out ppl who are paying the bills.
     


  4. VLSI

    VLSI Distinguished Member

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    Did you submit a personal letter with the offer? It can help, generally for homeowners but likely for a church organization as well. Could easily write some sappy story involving salvation and relationship with god to ingratiate yourself with them.
     


  5. RedLantern

    RedLantern Distinguished Member

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    I did write them a nice cover letter, though it was more along the lines of thanking them for all the work they have put into the property thus far, expressing desire and excitement in finishing that all up and making it a "home", desire to raise a family there, hopefulness for a good neighborly relationship with the church, etc. etc.

    We're not religious so I didn't want to just feed them a line of crap.
     


  6. VLSI

    VLSI Distinguished Member

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    They seem to have mastered the art. An eye for an eye :hide:

    But yea, probably the better route. Good luck.
     


  7. SkinnyGoomba

    SkinnyGoomba Stylish Dinosaur

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    They collect 4x a month, where you will only collect once a month. They will be in awe of your modesty.
     


  8. FtRoyalty

    FtRoyalty Senior Member

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    When appealing a tax assessment, is it better to file yourself or get an attorney to file on your behalf? An attorney acquaintance will file for $250 (seems reasonable). However, I can just as easily send in the appeal form myself along with my HUD. Thoughts?
     


  9. Gus

    Gus Stylish Dinosaur Dubiously Honored

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    I did it myself without any prior experience or assistance. (I'm in CA) I just followed the process outlined on the county website. You want to be sure the comps that you provide are within the required time period and are truly similar. The more you provide the better. I called them first to ask what they were looking for. My county is known for being a real problem, but I had a positive experience. Good luck.
     


  10. RedLantern

    RedLantern Distinguished Member

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    We're under contract! Closing sept. 30th!
     


  11. RedLantern

    RedLantern Distinguished Member

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    . .
     
    Last edited: Aug 19, 2013


  12. Ataturk

    Ataturk Stylish Dinosaur

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    They took your first offer? Does either party have an agent?
     
    Last edited: Aug 19, 2013


  13. Gus

    Gus Stylish Dinosaur Dubiously Honored

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    Congratulations! Pics?????
     


  14. RedLantern

    RedLantern Distinguished Member

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    There was a little dickering about some addendums that I added into the contract - building of a fence, installation of a few windows, building of a small balcony. I guess technically they countered and I accepted the counter-offer. This was/is a private sale, so no agents/commissions. The church has an attorney that they said they were going to have look over their side of the deal. My mother is a broker so we were able cover our end.
     


  15. RedLantern

    RedLantern Distinguished Member

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    Since it wasn't ever listed we don't have any listing photos or anything. I've just got a couple I snapped of the front of the house today. Obviously we will have more as time goes on - I have a few projects in mind right off the bat!

    [​IMG]

    [​IMG]
     
    Last edited: Aug 19, 2013


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