The Chill Spot (We Hit 2 Million Views!)
- Thread starter Goldie
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Alright. Here's my plan to have a house built with no debt in 3 yrs
1) Buy some land in the hood for about 10k cash
2) Build a tiny house on it about 700 sq ft for about 25k via a loan. about 400 a month for 4-5 years
3) Stack money and budget
4) Build that bitch
1) Buy some land in the hood for about 10k cash
2) Build a tiny house on it about 700 sq ft for about 25k via a loan. about 400 a month for 4-5 years
3) Stack money and budget
4) Build that bitch
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Might want to rent it out.. Isn't renting as a section 8 property guaranteed rent money from the govt each month?
Tiny house is the first step until I can save and build my real house out right. Refer to my comments about moving out the hood for the "nice area" part.
He had one built, his old ass aint doing no labor like that lol.
He does want me to be the general contractor on my build though. I dont know about that though.
from what you just said...you gonna get a lot for $10k, build a small house for $25k and try to get another later?
thats $35k plus interest.
wait and save up $20k
or just take your time and search the hood for a house that needs work...its plenty of cribs in the hood that need work thats like $20k, clean and clear.......make it into a duplex with a bit of time. and rent out part of it while living in the other part of it.
that way you get rent money, you got your own money that your stacking....find another house that needs work.....move in and rent out the second part of the first house while fixing up the second house....
now you have 2 units generating income...you living somewhere else....
rinse and repeat.
dont overlook the hood as being a starting point to financial freedom
the wife is out of town and my sister just asked for all 3 girls for a week
couldnt have planned it this way if I tried
couldnt have planned it this way if I tried
nah theres some people you gotta be like that with...just not my sister
she's ducked off in Garland and she's a teacher so she's off all summer....takes them every year whenever her schedule opens.....they go out there and chump my nephews for a week or two lol
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