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      08-07-2013, 09:04 AM   #243
Mr Tonka
is probably out riding.
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Drives: Something Italian
Join Date: Feb 2009
Location: Sweatypeninsula

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Quote:
Originally Posted by Litos View Post
it's not "bad", it's just boring.

cheap home builder - cheap house.

my next house will be much classier - columns, wood floors, door entrances, bigger yard, better lighting fixtures, etc.....

only paid $137K for it...
That's a sweet first house. Will make a great rental when you're done with it. You'll like it a lot more when it's making you money!

That's what we did with our first house. It was cheap, we paid it off in under 10 years, now it's producing close to $14k a year after insurance and property taxes. Since it's paid off it was easy to get a $75,000 credit line secured by the house. Just about ready to use that money to purchase 2 more rentals.

So don't go hating on your house!
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