Quote:
Originally Posted by AcTivE
OWNS? So you are rich then...or someone gave you a bunch of money (or its from your family). Lets see some pics in the Cribs thread IM.
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No not rich by any means, but certainly well off. Yes lots of people gave me money. Banks mostly, but a good portion came from people I did loans for. I worked 60+ hours a week around the clock, doing nothing but making money. After acquiring a very respectable amount on my own, I did inherit a bit more from my dad in June. I've since increased this amount by roughly $80k.
This house is currently on the market so there isn't any furniture in it, but you can at least get a decent idea of the kitchen and living room. There are two more bedrooms, another bathroom, and a finished basement downstairs.
4851 Frisco Ave Loveland, CO 80538 - #578644 , $249,900 - RealEstate.com
The house I actually live in is quite a bit more modest but is in California so that is to be expected. I've taken a MAULING in the real estate market (I've lost somewhere in the area of $110k in value) on this one so I'm pretty much holding onto it fo damage control at this point. I'm in the process of doing some work on it, but I'll be happy to post pictures once the work has been completed.
UB, I was really talking more shit than anything. Once I liquidate my real estate in a better market, I'll most definitely rent for a while until it drops back down again. As to the starting a business thing, you forgot the fact that even though the value may only increase by 5% per year, I'm also not obligated to pay rent or a mortgage payment, which basically equates to a conservative $18,000 a year (give or take) that I save by not wasting money paying rent. Also, I have to do absolutely nothing to keep this money. In addition, as I'm in school I don't have to work at all and can live super minimally and concentrate on getting perfect grades. This is why I wont be one of the statistics of law students unable to get a legal job when they graduate. Starting a business would be way too much work and distract from my studies too much... On top of all that, I don't know shit about it. I plan on some day maybe investing as a silent partner with people who do know what they're doing, but I'm not arrogant or stupid enough to try it on my own. Well, maybe that arrogant, but not that stupid.