Well fellow Piggs this weekend my Fiancee and I got off the fence and made an offer on a house in the La Jolla school district. We, along with about 18 other offers were considered and our was accepted. The house was priced incredibly fair and our offer, along with pretty much every other one was above market.
Why would I do something so crazy? Well based on the income from the renters on the property we could easily choose not to move in and service out debt. Not including any property tax write-off or otherwise. Not to say that we aren’t moving in…we certainly are. And we are going to be paying less than an equivalent house would cost when our tax write-off is factored in.
There are deals out there. You have to be willing to jump on them quick and you have to be willing to take it down quick (our offer is all cash).
Quick correction…I type too fast! Our cost of living (PITI) will be cheaper than RENTING an equivalent house (factoring in the tax writeoff). This is factoring in doing an FHA Loan with 3.5% down. On a similar note we have taking the doomsday approach and can easily afford the house on one income if need be.
Quick correction…I type too fast! Our cost of living (PITI) will be cheaper than RENTING an equivalent house (factoring in the tax writeoff). This is factoring in doing an FHA Loan with 3.5% down. On a similar note we have taking the doomsday approach and can easily afford the house on one income if need be.
Quick correction…I type too fast! Our cost of living (PITI) will be cheaper than RENTING an equivalent house (factoring in the tax writeoff). This is factoring in doing an FHA Loan with 3.5% down. On a similar note we have taking the doomsday approach and can easily afford the house on one income if need be.
Quick correction…I type too fast! Our cost of living (PITI) will be cheaper than RENTING an equivalent house (factoring in the tax writeoff). This is factoring in doing an FHA Loan with 3.5% down. On a similar note we have taking the doomsday approach and can easily afford the house on one income if need be.
Quick correction…I type too fast! Our cost of living (PITI) will be cheaper than RENTING an equivalent house (factoring in the tax writeoff). This is factoring in doing an FHA Loan with 3.5% down. On a similar note we have taking the doomsday approach and can easily afford the house on one income if need be.
