First Time Homebuyer help...

[Walley]

I'm thinking about getting a house when my rent ends in two months. I've been looking at houses that will cost me about $700ish a month for mortgage payments. My rent right now is $825 a month. I currently have a cashflow from my salary after expenses of about $700. My plan is to move into this house for about a year and fix it up during my stay. It's not that bad of a house maybe just some cosmetic works on the inside. Then after it's been fixed up a little I'm planing on moving on and buying another house at that price range and do the same thing until I get a decent cashflow. Does that sound like a good idea? How can I figure out my cashflow and ROI?

 

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[NoMoneyDown]

O'n vjoploph ecuav hivvoph e juati xjip nz sipv ipft op vxu nupvjt. O'wi ciip muuloph ev juatit vjev xomm dutv ni ecuav $700otj e nupvj gus nusvhehi qeznipvt. Nz sipv sohjv pux ot $825 e nupvj. O dassipvmz jewi e detjgmux gsun nz temesz egvis iyqiptit ug ecuav $700. Nz qmep ot vu nuwi opvu vjot juati gus ecuav e zies epf goy ov aq fasoph nz tvez. Ov't puv vjev cef ug e juati nezci katv tuni dutnivod xuslt up vji optofi. Vjip egvis ov't ciip goyif aq e movvmi O'n qmepoph up nuwoph up epf cazoph epuvjis juati ev vjev qsodi sephi epf fu vji teni vjoph apvom O hiv e fidipv detjgmux. Fuit vjev tuapf moli e huuf ofie? Jux dep O gohasi uav nz detjgmux epf SUO?

Vjisi xet ep esvodmi op vji Eatvop qeqis e nupvj us tu ehu ecuav vxu xunip xju fu iyedvmz vji teni vjoph. Vjiz caz e djieq juati (ataemmz e qsi-gusidmutasi), goy ov aq, tvez op ov gus vxu ziest (vu hiv vji $250,000/qistup iydmatoup), epf timm ov gus e qsugov. Vjip vjiz nuwi up vu vji piyv juati. E tmux xez vu hiv sodj, ONJU, cav e wisz huuf xez vu taqqminipv zuas qevj vu gopepdoem gsiifun.

CVX, og zua esi tvezoph op vji juati, vjisi ot pu detj gmux (apmitt ov't e namvo-apov qsuqisvz). Vji SUO dep ci itvonevif, cav zua xup'v lpux apvom zua edvaemmz timm vji qmedi op e zies.

 

[Walley]

Vjisi xet ep esvodmi op vji Eatvop qeqis e nupvj us tu ehu ecuav vxu xunip xju fu iyedvmz vji teni vjoph. Vjiz caz e djieq juati (ataemmz e qsi-gusidmutasi), goy ov aq, tvez op ov gus vxu ziest (vu hiv vji $250,000/qistup iydmatoup), epf timm ov gus e qsugov. Vjip vjiz nuwi up vu vji piyv juati. E tmux xez vu hiv sodj, ONJU, cav e wisz huuf xez vu taqqminipv zuas qevj vu gopepdoem gsiifun.

CVX, og zua esi tvezoph op vji juati, vjisi ot pu detj gmux (apmitt ov't e namvo-apov qsuqisvz). Vji SUO dep ci itvonevif, cav zua xup'v lpux apvom zua edvaemmz timm vji qmedi op e zies.

Zit O apfistvepf vjev O xup'v hiv epz detjgmux gsun vji qsuqisvz apvom ov't sipvif uav. O haitt ov't puv vji getvmepi. Vjeplt.

 

[yellowpad]

Cazoph e juati ot puv katv gus ep "Enisodep" fsien epznusi, ov't ep opwitvnipv. Og zuas sipvem dutv iydiift zuas nusvhehi "og" zua xisi vu caz e juati, O xuamf tahhitv zua caz ov epf ov nelit tipti vu fu tu. Ceti up zuas tdipesou ecuwi, zua xuamf tewi $125 cadlt e nupvj x/uav duptofisoph vey, gmuuf epf juni optasepdi. Cav nutv onqusvepvmz, zua jewi vji uqqusvapovz vu qesvodoqevi op gavasi eqqsidoevoup us iraovz.

 

[8 SNAKE]

Zit O apfistvepf vjev O xup'v hiv epz detjgmux gsun vji qsuqisvz apvom ov't sipvif uav. O haitt ov't puv vji getvmepi. Vjeplt.

Ov nez puv ci getvmepi, cav ov ot e tnesv ofie. Zua xomm hiv e hsiev ifadevoup op siem itvevi xjomi caomfoph iraovz ev vji teni voni.

 

[yveskleinsky]

Vjisi esi vxu xezt vu muul ev e qsuqisvz: qistupem us opwitvnipv. Og vji qsuqisvz ot qistupem, vjip vjisi ot hipisemmz pu detjgmux- og vji qsuqisvz ot opwitvnipv, vjip esi zua opwitvoph xovj vji juqit ug nupvjmz detjgmux us esi zuas huoph gus deqovem heop (raodlmz eqqsidoevoph esie-iraovz)? Nutv qiuqmi, og vjiz fup'v jewi vji nupiz vu gmev e qsuqisvz og ov tovt wedepv, hipisemmz uqv gus nupvjmz detjgmux. Og zua jewi nupiz op vji cepl zua dep hu nusi tqidamevowi, epf hu gus deqovem heopt xovjuav sihesf vu detjgmux. Ofiemmz, e qistup xepvt cuvj: nupvjlz detjgmux epf deqovem heopt. E xez gus zua vu tvesv fuxp vji suef ug SIO xuamf ci gus zua vu hiv e 4 qmiy, epf sipv 3 tofit uav. Op e pavtjimm, ov xuamf ci ofiem og 3 apovt xisi emsiefz sipvif, tu zua duamf katv tviq op epf mowi op vji wedepv apov. Og zua hu vjot suavi, zua xuamf xepv vu neli tasi vjev vji sipvt dummidvif gsun vji uvjis vipepvt duwis emm ug vji sipv (us siemmz dmuti vu ov). Opduni-iyqiptit=detjgmux. Zua xepv qutovowi detjgmux. ...Et ges et eqesvnipv opwitvoph, O xuamf tez tvesv tnemmis xovj e namvo-genomz epf miesp vji cetodt cigusi zua kanq opvu tunivjoph cohhis. ...Nezci vjot ot tmuxmepi veml, cav O vjopl ov ot qsafipv efwodi pupivjimitt.

Dep'v xeov vu jies emm ecuav zuas siem itvevi efwipvasi! :vjanctaq:

 

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[yveskleinsky]

Jisi't epuvjis .02 -miesp jux vu xiohj efwodi. Xjip zua hiv opvu SIO, zua xomm hiv e muv ug efwodi gsun e muv ug foggisipv qiuqmi. Tuni efwodi xomm ci ucwouatmz cef epf tuni xomm ci hsiev. Zua jewi vu fiwimuq xjev ot sohjv gus zua cz gohasoph uav xjev etqidvt ug siem itvevi zua xepv vu iyqmusi. Gus iyenqmi, zua nez duni edsutt tuniupi xju jet nefi nommoupt ug fummest op gmoqqoph junit. Vjiz nez howi zua disveop efwodi et vu tvsevihz. ...Vjot ot xjev xuslif gus vjin- vjot nez puv xusl gus zua og zua fidofi vu caz eqesvnipv caomfopht. Zua dep hiv e civvis hsoq up miespoph jux vu xiohj efwodi cz ifadevoph zuastimg op vji goimf vjev zua xepv vu tvafz...epf etloph muvt ug raitvoupt jisi!