Should have just bought a house, Mr. I’m too good for a house so I’m gonna be a hipster and buy this here town home. Just buy him a case of bush once in a while and you’ll make it out alive. But if you hear banjos…
You must have had a really shitty realtor and an even shittier inspector. Let me guess, the drains going out of the house were clay pipes? See it all the time. Roots will break those things as easily as you were broken when you were a pledge.
Dear god. Come to Kansas City… shits cheap here. We’ll get you an FHA loan on a sub $274k property and keep your down-payment between $5-10k and I’ll even get you some seller paid closing costs. (Oh and a home warranty 😉 ). At least here a home in that price range will get you in a nice middle class neighborhood.
Let’s be honest, you could rent an over sized cardboard box out in a large college town. Always told my parents when I was in college that they needed to buy up some rental properties in my college town, they didn’t listen. Between my freshman and senior year, home values went up 40% where I was at. and rental rates went up about the same. College kids will pay for anything for a decent place to live… hell, even a shitty place to live.
Great job Madoff! Glad to hear you are finally investing in something worth while.
You have a Mrs. so this may not be as important to you, but to all you other post grads, this could be a way to basically buy a house with only a 3.5% down payment. If you have friends who are currently renting and would much rather rent from you and you have a down payment, then go buy a house in the burbs or some where near downtown. Make sure it’s at least 3 bedrooms, preferably 4. Once you buy the house rent the extra bedrooms out to your friends for less than what they are paying in rent to live in an apartment and split utilities with them. Typically you will probably be looking at a $1200 mortgage depending on where you live (I live in Kansas City, so real estate is not too crazy expensive). If you charge $400 a month for rent then you will basically be having your friends pay your mortgage and all oyu had to do was come up with the down payment money. In 5 years, after you have hopefully gotten a promotion and are making better money, sell the place with all of that free equity and move in to a nicer place. OR keep it and continue to rent it out as an investment property.
I know plenty of investor clients of mine who said that when the market crashed in 2008 (way before I was out of college) and they were laid off their jobs that the only thing that kept them above water was that they owned around 5 – 10 rental houses that each generated an average of $1500 in rent for them a month.
Mr. Buscemi, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
I’m a realtor and I learned early on in this business that people love to look at homes online at 2am and because they’re up looking at homes the assume that you are also awake and ready to tend to their every need. Luckily, I found a handy dandy function on my phone called “do not disturb”. It saved me from killing multiple clients.
I also have had clients constantly call or email me while I am on vacation because if they don’t go see this housd immediately, they will die and I will have murdered their dreams. It’s a pain in the ass, but I guess it just goes along with being in the service/sales industry.
Many agents I know turn off their phones at a certain time and tell their clients that if they have a problem with that then they would be more than happy to refer them to another agent. Typically people don’t mind.
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Zoom in on the grooms face… the dude looks like he took one too many lacrosse balls to the head…
Should have just bought a house, Mr. I’m too good for a house so I’m gonna be a hipster and buy this here town home. Just buy him a case of bush once in a while and you’ll make it out alive. But if you hear banjos…
Shut up Randy. No one asked your opinion.
You must have had a really shitty realtor and an even shittier inspector. Let me guess, the drains going out of the house were clay pipes? See it all the time. Roots will break those things as easily as you were broken when you were a pledge.
Need someone to be the head of real estate at Grandex? I’m down to move to Texas.
Dear god. Come to Kansas City… shits cheap here. We’ll get you an FHA loan on a sub $274k property and keep your down-payment between $5-10k and I’ll even get you some seller paid closing costs. (Oh and a home warranty 😉 ). At least here a home in that price range will get you in a nice middle class neighborhood.
Let’s be honest, you could rent an over sized cardboard box out in a large college town. Always told my parents when I was in college that they needed to buy up some rental properties in my college town, they didn’t listen. Between my freshman and senior year, home values went up 40% where I was at. and rental rates went up about the same. College kids will pay for anything for a decent place to live… hell, even a shitty place to live.
Great job Madoff! Glad to hear you are finally investing in something worth while.
You have a Mrs. so this may not be as important to you, but to all you other post grads, this could be a way to basically buy a house with only a 3.5% down payment. If you have friends who are currently renting and would much rather rent from you and you have a down payment, then go buy a house in the burbs or some where near downtown. Make sure it’s at least 3 bedrooms, preferably 4. Once you buy the house rent the extra bedrooms out to your friends for less than what they are paying in rent to live in an apartment and split utilities with them. Typically you will probably be looking at a $1200 mortgage depending on where you live (I live in Kansas City, so real estate is not too crazy expensive). If you charge $400 a month for rent then you will basically be having your friends pay your mortgage and all oyu had to do was come up with the down payment money. In 5 years, after you have hopefully gotten a promotion and are making better money, sell the place with all of that free equity and move in to a nicer place. OR keep it and continue to rent it out as an investment property.
I know plenty of investor clients of mine who said that when the market crashed in 2008 (way before I was out of college) and they were laid off their jobs that the only thing that kept them above water was that they owned around 5 – 10 rental houses that each generated an average of $1500 in rent for them a month.
Just some food for thought.
Mr. Buscemi, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
I’m a realtor and I learned early on in this business that people love to look at homes online at 2am and because they’re up looking at homes the assume that you are also awake and ready to tend to their every need. Luckily, I found a handy dandy function on my phone called “do not disturb”. It saved me from killing multiple clients.
I also have had clients constantly call or email me while I am on vacation because if they don’t go see this housd immediately, they will die and I will have murdered their dreams. It’s a pain in the ass, but I guess it just goes along with being in the service/sales industry.
Many agents I know turn off their phones at a certain time and tell their clients that if they have a problem with that then they would be more than happy to refer them to another agent. Typically people don’t mind.
http://i.imgur.com/TQl95Ji.jpg
You never button the top button….
“Because I know I can change him” – said every girl ever.
Oh and just because you watch HGTV all the time, does not mean you possess the skills to actually flip a house.
Been trying to convince my buddies to go this route for over a year. Gotta love leveraging.
I agree with everything in this article except the inspector part. You obviously got a shitty inspector. Probably had a shitty realtor then too.
I don’t know how… but they got rid of the boobs…. damn commies…
YOU POSTED SOMETHING WITH NUDITY AND NO SAIL BOATS!!! Is this a changing of the tide?!
obviously you have no idea what a realcomb over is.
Meh, not the worst thing I’ve heard in this business. More surprised McGannon didn’t post this real estate related article.