ERE: Early Retirement Extreme.

[ELVIS]

I don't even have a garden!

i beg your pardon... i NEVER promised you a rose garden

god bless.

[Forever_frost]

Or, join the military, put in your 20 years and retire. Or do what I did, play fetch with bullets and retire at 24

[Sleeper]

Buy farm land. Rent it out to make your payment. In 30 years you will profit. I've never seen farmground get cheaper.

[Forever_frost]

Buy farm land. Rent it out to make your payment. In 30 years you will profit. I've never seen farmground get cheaper.

Hell, buy 10-20 acres and subdivide it. You dont' even have to provide the houses. Just rent the land.

[95ragtop]

When I am thirty I would like to have a few properties. I was really tempted on buying a foreclosed house across the street from me last year but seeing as this house to be my primary residence until my 3 years is up, I was not going to dish out 30% down on such a huge uncertainty like that.

I was told the same 30% down on investment property, has anyone heard something different?

[347Mike]

I was told the same 30% down on investment property, has anyone heard something different?

That's what it is. lol

I don't recall as its been a while but I think once my three years is up I can rent my current house and just buy another with not as much down.

[roliath]

Or, join the military, put in your 20 years and retire. Or do what I did, play fetch with bullets and retire at 24

you joined when you were 4 years old?

[krazy kris]

you joined when you were 4 years old?

no he got wounded

[lowthreeohz]

you joined when you were 4 years old?

no but on 4/4/04, his 4th day in rotation he got shot.

i can see why he hates the #4 now.

[GE]

usually about a 100 roses or so on backpage.

You need P411!

[stephen4785]

Slow99 told me to invest all my money in penny stocks and I'll be set for life in 5-6 years.

[slow99]

I can't believe qik46 isn't in here pumping some speculative-assed energy stock yet.

[sc281]

My plan is to retire as early as possible. I have been very loose with managing my money this year. I have been spending a lot and splurging. I have always been a super cheap ass but that time is going to change and start getting Nazi like in my saving.

I have a pretty lean list of expenses, but not the bare minimum. I like to keep to my lifestyle a bit. I too have a house that qualified for the 8k tax credit however, in another year I won't be selling though. I will be renting it out and probably buying another.With a lean list of expenses should also come additional ways to pad my wallet each month, in my opinion. I have a few hobbies that put money in my pocket, have my own little investments and I plan on doing the same with rental properties.

When I am thirty I would like to have a few properties. I was really tempted on buying a foreclosed house across the street from me last year but seeing as this house to be my primary residence until my 3 years is up, I was not going to dish out 30% down on such a huge uncertainty like that.

Everyone has different goals in life. I want to achieve those goals early on and not doing anything but enjoy life while im still young, not old and a rocking chair warmer.

1st bold:
I thought about this as well. I am currently in a 10yr at 2.99% on $92k. Payments are 1278/mo. I could refi into a 30 year and payments would drop to about $760. I could rent it out for $1000/mo and be cash positive about $240/mo + deductins/depreciation. The house is valued at around $120k, and I'd like my rentals to be in the $70-80k range. (Irving area)

I may just keep it, considering it can make money, and buy another, like you.


2nd bold:
That's exactly how I feel. Pulling 50-55 hrs/wk makes me decent money, ut doesn't leave room to really ENJOY life.

[347Mike]

1st bold:
I thought about this as well. I am currently in a 10yr at 2.99% on $92k. Payments are 1278/mo. I could refi into a 30 year and payments would drop to about $760. I could rent it out for $1000/mo and be cash positive about $240/mo + deductins/depreciation. The house is valued at around $120k, and I'd like my rentals to be in the $70-80k range. (Irving area)

I may just keep it, considering it can make money, and buy another, like you.


2nd bold:
That's exactly how I feel. Pulling 50-55 hrs/wk makes me decent money, ut doesn't leave room to really ENJOY life.

I wish I was hourly again. It doesn't change how many hours I work in the least, but it does change how much money I make... lol

[slow99]

1st bold:
I thought about this as well. I am currently in a 10yr at 2.99% on $92k. Payments are 1278/mo. I could refi into a 30 year and payments would drop to about $760. I could rent it out for $1000/mo and be cash positive about $240/mo + deductins/depreciation. The house is valued at around $120k, and I'd like my rentals to be in the $70-80k range. (Irving area)

I may just keep it, considering it can make money, and buy another, like you.


2nd bold:
That's exactly how I feel. Pulling 50-55 hrs/wk makes me decent money, ut doesn't leave room to really ENJOY life.

So my question would be: how much could you enjoy life on a $5k annual budget?

Oh and chooooo$$$$$$ chooooo$$$$$$$$