House in MA

Somali · Post by **Somali** » April 30, 2003, 1:17 pm

Lol anyone want to by a detached townhome in Fitchburg, MA? I've had 2 offers fall through so far. Getting kindof old now. Been paying rent in Jersey and Mortgage in MA for the last 4 months. Amusingly, my rent in Jersey is more than my fooking house payment.

Post by **Xouqoa** » April 30, 2003, 1:29 pm

Have you considered renting it out, or do you not want the responsibility? Might be a nice way to offset the cost, and once it's paid for you'd have a nice little side income.

masteen · Post by **masteen** » April 30, 2003, 1:39 pm

S'what you get for moving to the fucking North, bitch!

Voronwë · Post by **Voronwë** » April 30, 2003, 1:42 pm

i will trade you a mushroom veil

Elidain · Post by **Elidain** » April 30, 2003, 2:42 pm

I live in Jersey as well. It's soooo dam exspensive to live in this state.

Fesuni Chopsui · Post by **Fesuni Chopsui** » April 30, 2003, 2:46 pm

That avatar is really fucking disturbing Eli

Mort · Post by **Mort** » April 30, 2003, 3:22 pm

Elidain wrote:I live in Jersey as well. It's soooo dam exspensive to live in this state.

HA! Try Santa Barbara, California.....

fucksake

masteen · Post by **masteen** » April 30, 2003, 3:54 pm

I refused to move to Cali for religious reasons. If the earth shakes regularly, it means Somebody don't want j00 living there.

Fallanthas · Post by **Fallanthas** » April 30, 2003, 4:36 pm

I know where you are coming from, Somali.

We are three weeks from closing on our current house, five weeks from closing on the new one.

I KNOW something is gonna go wrong! AGAIN!

As far as buyers backing out, three words....

CONTRACT

EARNEST MONEY

Deward · Post by **Deward** » April 30, 2003, 5:24 pm

Always request at least a $1000 earnest money or maybe 3 months of mortgage payments.

I would keep the place personally though. Find a rental contractor in the area to take care of the place. THey will rent it, fix it if needed and take a cut of the rent that is made (20-50% usually). Most of the time they will even pay your mortgage for you too. Rental income is a great money maker especially with mortgage prices so low. It is also a great tax break. 10% of the value can be taken off your tax bill in addition to any mortgage interest you are paying. I currently own three rental properties and my own home and I was able to get my tax percentage down to 9% last year.

Deward

Ogbar · Post by **Ogbar** » April 30, 2003, 6:39 pm

masteen wrote:S'what you get for moving to the fucking North, bitch!

Um, you do know that NJ is southwest of MA, not north, right?

masteen · Post by **masteen** » April 30, 2003, 6:49 pm

Ogbar wrote:
masteen wrote:S'what you get for moving to the fucking North, bitch!
Um, you do know that NJ is southwest of MA, not north, right?

But we used to live in Tampa, FL before our corporate overlords assfucked us.