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  #121  
Old 10-13-2005, 12:57 PM
astroglide astroglide is offline
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Join Date: Sep 2002
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Posts: 2,858
Default Re: buying real estate

[ QUOTE ]
You will spend 300/month on upkeep and condo fees

[/ QUOTE ]

i'm not checking the other figures, but i think that is a really high estimate. i live in a 200,000 condominium and my condo fees are 140/month. that includes insurance which covers anything on the walls or floors and all of the structure (paint, flooring, shower walls, etc), the only insurance needed is for personal items like televisions and computers.
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  #122  
Old 10-13-2005, 01:30 PM
Indiana Indiana is offline
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Join Date: Aug 2004
Location: Indianapolis, IN
Posts: 69
Default Re: buying real estate

140/month is very cheap for condo fees. Downtown indy the minimum for anything reasonable is $285. Depends on where you live and the age of your place.

Indy
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  #123  
Old 10-13-2005, 01:31 PM
Sifmole Sifmole is offline
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Join Date: Feb 2004
Posts: 0
Default Re: buying real estate

[ QUOTE ]

only filed tax returns last year, and not for a lot of money

[/ QUOTE ]

[ QUOTE ]
why does everyone think i avoided paying taxes???

[/ QUOTE ]

Beacause you are supposedly swimming in money but file "not for a lot of money" -- the disconnect leads to assumptions.
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  #124  
Old 10-13-2005, 05:19 PM
daryn daryn is offline
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Join Date: Apr 2003
Location: Boston, MA
Posts: 2,759
Default Re: buying real estate

[ QUOTE ]
[ QUOTE ]

only filed tax returns last year, and not for a lot of money

[/ QUOTE ]

[ QUOTE ]
why does everyone think i avoided paying taxes???

[/ QUOTE ]

Beacause you are supposedly swimming in money but file "not for a lot of money" -- the disconnect leads to assumptions.

[/ QUOTE ]

last year i didn't file for a lot of money because i didn't make a lot of money. i filed for what i made.

i have made significantly more money this year already.

do you understand?
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  #125  
Old 10-13-2005, 06:23 PM
Subfallen Subfallen is offline
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Join Date: Sep 2004
Posts: 25
Default Re: buying real estate

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

only filed tax returns last year, and not for a lot of money

[/ QUOTE ]

[ QUOTE ]
why does everyone think i avoided paying taxes???

[/ QUOTE ]

Beacause you are supposedly swimming in money but file "not for a lot of money" -- the disconnect leads to assumptions.

[/ QUOTE ]

last year i didn't file for a lot of money because i didn't make a lot of money. i filed for what i made.

i have made significantly more money this year already.

do you understand?

[/ QUOTE ]

Haha awesome.
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  #126  
Old 10-13-2005, 08:26 PM
haakee haakee is offline
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Join Date: Dec 2002
Location: San Jose, CA
Posts: 416
Default Re: buying real estate

Don't forget property taxes.
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  #127  
Old 10-13-2005, 08:43 PM
ptmusic ptmusic is offline
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Join Date: Mar 2005
Posts: 513
Default Re: buying real estate

Buy Home Buying For Dummies

Really! My wife and I learned a lot from it. We gave up on our first choice house when we were out bid, and that was a learning experience too.

We had learned so much that when we went after another house, we were negotiating masters. Or at least we did an adequate job. Plus we got a great loan deal.

Learn, don't just jump in. It is the biggest, riskiest investment you probably will have made up to this point, by far.

-ptmusic
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