Welcome to the EGGhead Forum - a great place to visit and packed with tips and EGGspert advice! You can also join the conversation and get more information and amazing kamado recipes by following Big Green Egg to Experience our World of Flavor™ at:
Facebook  |  Twitter  |  Instagram  |  Pinterest  |  Youtube  |  Vimeo
Share your photos by tagging us and using the hashtag #BigGreenEgg.

Want to see how the EGG is made? Click to Watch

OT - Budgeting/Money Talk

Options
2»

Comments

  • Mickey
    Mickey Posts: 19,674
    Options
    Jeremiah said:
    @Mickey‌ that's something that's always interested me. How did you get into it? What demographic (income level) do you shoot for?

    s Here in Salado I have 4 doors (2 duplexes) these are the oldest at about 13 years. Started at $825 and now at $875. Salado has $1200 duplexes so we are not at the top but in all that time I doubt I have had 30 days all total w/o rent (do the math). Now Belton is lower levels so over there the 10 doors bring from $675 to $775 for duplex and $800 on the 1100 foot houses. I stay in the middle. Someone moves and a yard sigh has it tinted in a couple of days so before they move I have a renter ready (no rent loss). Got into it by killing my 401 after a hell of a loss and going my own future.
    Salado TX & 30A  FL: Egg Family: 3 Large and a very well used Mini, added a Mini Max when they came out (I'm good for now). Plus a couple Pit Boss Pellet Smokers.   

    · Share on FacebookShare on Twitter
  • Jeremiah
    Jeremiah Posts: 6,412
    edited October 2014
    Options
    We're currently renting our house in myrtle beach. But as I said we bought it before the burst and now take a $150 loss every month on the rent vs mortgage. It's definitely not an income property, and I'm hoping to unload it next summer. Once rid of it I'd love to buy something local to us and rehab it and rent it. Like I said, Chilean miner.
    Slumming it in Aiken, SC. 
    · Share on FacebookShare on Twitter
  • Mickey
    Mickey Posts: 19,674
    Options
    Jeremiah said:
    We're currently renting our house in myrtle beach. But as I said we bought it before the burst and now take a $150 loss every month on the rent vs mortgage. It's definitely not an income property, and I'm hoping to unload it next summer. Once rid of it I'd love to buy something local to us and rehab it and rent it. Like I said, Chilean miner.

    You really want them close to you.
    Salado TX & 30A  FL: Egg Family: 3 Large and a very well used Mini, added a Mini Max when they came out (I'm good for now). Plus a couple Pit Boss Pellet Smokers.   

    · Share on FacebookShare on Twitter
  • Jeremiah
    Jeremiah Posts: 6,412
    Options
    Thanks mickey
    Slumming it in Aiken, SC. 
    · Share on FacebookShare on Twitter
  • tarheelmatt
    tarheelmatt Posts: 9,867
    Options
    I think the one kicker for me would be I have to finance the property. Taking on that extra could be stressful.

    Though once my little girl is out of daycare, we could do something like that. At $650 bones a month is what we shell for that.
    ------------------------------
    Thomasville, NC
    My YouTube Channel - The Hungry Hussey
    Instagram
    Facebook
    My Photography Site
    · Share on FacebookShare on Twitter
  • tjv
    tjv Posts: 3,830
    Options
    couple things to consider.

    - most states offer some type of college fund for state supported colleges.  good thing to look into as it makes you commit to making it happen
    - if you go shopping for a specific item, leave the credit cards and extra cash in the car or at home.   hard to impulse buy if the availability to pay is not in your pocket.
    - on eating out, map out all the restaurant specials and when available
    - hang with folks/friends that are in your stage of life.  great source of new info and at times, a sounding board to complain/release stress

    t



    www.ceramicgrillstore.com ACGP, Inc.
    · Share on FacebookShare on Twitter

Categories