DFD

D Griff wrote: ↑Wed Jul 02, 2025 4:18 pm

wap wrote: ↑Wed Jul 02, 2025 12:25 pmAlso, DEETS!!

Under contract on this beotch: https://www.zillow.com/homedetails/807- ... 2190_zpid/?

we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.

I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.

D Griff wrote: ↑Wed Jul 02, 2025 4:18 pm

wap wrote: ↑Wed Jul 02, 2025 12:25 pmAlso, DEETS!!

Under contract on this beotch: https://www.zillow.com/homedetails/807- ... 2190_zpid/?

we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.

I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.

golftdibrad1 wrote: ↑Wed Jul 02, 2025 4:36 pm

D Griff wrote: ↑Wed Jul 02, 2025 4:29 pm

Think we're going to live dangerously and rent it.

how far away is it? Its doable, but choose tenants wisely....

Gberg2119 wrote: ↑Wed Jul 02, 2025 8:07 pm

D Griff wrote: ↑Wed Jul 02, 2025 4:18 pm

Under contract on this beotch: https://www.zillow.com/homedetails/807- ... 2190_zpid/?

we started looking around at some places and it escalated quickly. wanted more space, I wanted a better location and garage (both from day one but couldn't afford when we got our place). We thought this offered a great compromise between the urban location I wanted and suburban feel she did and checked a lot of boxes... very rare to find a house in the area we like with a garage under like a millie. So we decided YOLO.

I ended up extending the Carvana offer by a week, so I can enjoy a few more drives in the 86.

The only sad part is you finally get a house with a garage and you’re ing the 86. Somehow Beep Beep is going to live that garage life.

D Griff wrote: ↑Thu Jul 03, 2025 6:53 am

golftdibrad1 wrote: ↑Wed Jul 02, 2025 4:36 pm

how far away is it? Its doable, but choose tenants wisely....

It's like a 10 minute bike ride, maybe two miles. Looking at a property manager that takes an 8% cut, he thinks we can rent for $2500+, if we can take in $2300 we're breaking even.

I think it makes sense on paper, only thing that gives me pause is we're using a lot of our cash reserves to buy the new place, so we'll have a $2K more/month payment (doable) but it'll be hard to rebuild the savings and make the handful of improvements to the new place we'd like to do. I think if renting turns out to be not terrible, it's worth it in the longer run to just be a bit more tight with budgeting over the next couple of years.

MrH42 wrote: ↑Thu Jul 03, 2025 10:58 am

D Griff wrote: ↑Thu Jul 03, 2025 6:53 am

It's like a 10 minute bike ride, maybe two miles. Looking at a property manager that takes an 8% cut, he thinks we can rent for $2500+, if we can take in $2300 we're breaking even.

I think it makes sense on paper, only thing that gives me pause is we're using a lot of our cash reserves to buy the new place, so we'll have a $2K more/month payment (doable) but it'll be hard to rebuild the savings and make the handful of improvements to the new place we'd like to do. I think if renting turns out to be not terrible, it's worth it in the longer run to just be a bit more tight with budgeting over the next couple of years.

Makes sense. I would model it out vs taking the cash now and investing it. I'm curious where the break even on the appreciation of the old house vs index funds going BRRRRR. You'll probably come out ahead renting with pretty conservative estimates on occupancy, repairs, etc. It's a pretty small house, right? So even major repairs shouldn't be too bad.

D Griff wrote: ↑Thu Jul 03, 2025 6:55 am

Gberg2119 wrote: ↑Wed Jul 02, 2025 8:07 pm



The only sad part is you finally get a house with a garage and you’re ing the 86. Somehow Beep Beep is going to live that garage life.

So in an interesting update... Carvana let's you extend an offer, so I didn't make a decision and have another week.

My mom offered their Durango since she now has two cars for one person - she wants to keep it for now since she has a camper and things but won't drive it much. She was like 'keep your orange car and this can be a kid hauler'. It's a nice idea but I drive the 86 so little as-is. I still think something like an STI I'd get a lot more use out of and I wouldn't have to drive the Durango.

F150 is still on the table as well, it's actually sick and I wouldn't mind driving it for a few months for the lolz. Looks like this:

D Griff wrote: ↑Thu Jul 03, 2025 6:53 am

golftdibrad1 wrote: ↑Wed Jul 02, 2025 4:36 pm

how far away is it? Its doable, but choose tenants wisely....

It's like a 10 minute bike ride, maybe two miles. Looking at a property manager that takes an 8% cut, he thinks we can rent for $2500+, if we can take in $2300 we're breaking even.

I think it makes sense on paper, only thing that gives me pause is we're using a lot of our cash reserves to buy the new place, so we'll have a $2K more/month payment (doable) but it'll be hard to rebuild the savings and make the handful of improvements to the new place we'd like to do. I think if renting turns out to be not terrible, it's worth it in the longer run to just be a bit more tight with budgeting over the next couple of years.

D Griff wrote: ↑Thu Jul 03, 2025 6:53 am

golftdibrad1 wrote: ↑Wed Jul 02, 2025 4:36 pm

how far away is it? Its doable, but choose tenants wisely....

It's like a 10 minute bike ride, maybe two miles. Looking at a property manager that takes an 8% cut, he thinks we can rent for $2500+, if we can take in $2300 we're breaking even.

I think it makes sense on paper, only thing that gives me pause is we're using a lot of our cash reserves to buy the new place, so we'll have a $2K more/month payment (doable) but it'll be hard to rebuild the savings and make the handful of improvements to the new place we'd like to do. I think if renting turns out to be not terrible, it's worth it in the longer run to just be a bit more tight with budgeting over the next couple of years.

max225 wrote: ↑Thu Jul 03, 2025 12:25 pm

D Griff wrote: ↑Thu Jul 03, 2025 6:53 am

It's like a 10 minute bike ride, maybe two miles. Looking at a property manager that takes an 8% cut, he thinks we can rent for $2500+, if we can take in $2300 we're breaking even.

I think it makes sense on paper, only thing that gives me pause is we're using a lot of our cash reserves to buy the new place, so we'll have a $2K more/month payment (doable) but it'll be hard to rebuild the savings and make the handful of improvements to the new place we'd like to do. I think if renting turns out to be not terrible, it's worth it in the longer run to just be a bit more tight with budgeting over the next couple of years.

Curious how the "2k more per month" thing got calc'ed. A 680k house is prob around 4k a month easy. Unless you're netting the current 2k you're paying from the additional 4k you will be paying.