Car Is Paid Off!!
04-04-2005, 02:43 PM
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Hey guys, good news!! I recieved the title to the car in the mail today!! Wheww, what a relief. I knew I had paid it off a couple of weeks ago and I was already contemplating my next move..should I buy a hot new car and keep the Tib? No, I'm in the process buying the townhouse next to mine for rental property!! I'm more then happy with the RD2 and will be keeping it untill it dies.
04-04-2005, 04:32 PM
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yay! You sure you want to buy the place next to yours to rent it out? Granted the tenets will never be able to sneak anything past you, but it would drive me nuts to hear people in the next place over and wondering if they were hurting MY property
04-04-2005, 05:01 PM
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Thanks guys, it's a relief to have one less bill for now.
The place next to ours is very pretty on the inside, it would literally kill me if I knew people were screwing it up. What I want to do is create a list of possible expenses on the deposite so that way the tenants will know what they're paying if they damage anything, of course there are always those "unforeseen" accdients that happen. I will not rent to college kids and will carefully screen occupants and do a background and credit search. I've heard that the navy base here may expand on personel so this is a good time to acquire rental property. Right now, my realitor is drawing up a contract for the seller and we'll see what happens.
QUOTE (Mad-Machine @ Apr 4 2005, 10:32 PM)
yay! You sure you want to buy the place next to yours to rent it out? Granted the tenets will never be able to sneak anything past you, but it would drive me nuts to hear people in the next place over and wondering if they were hurting MY property
The place next to ours is very pretty on the inside, it would literally kill me if I knew people were screwing it up. What I want to do is create a list of possible expenses on the deposite so that way the tenants will know what they're paying if they damage anything, of course there are always those "unforeseen" accdients that happen. I will not rent to college kids and will carefully screen occupants and do a background and credit search. I've heard that the navy base here may expand on personel so this is a good time to acquire rental property. Right now, my realitor is drawing up a contract for the seller and we'll see what happens.
04-05-2005, 06:11 AM
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Vehicle: 2004 Acura TL
/\ rolleyes.gif
ANYWAY, congrats Cyber, I can't wait to pay off my car/school loan, It'll be a good day.
As for the property, that is awesome. I will never rent again but there are the few that renting works good for. In the future I hope to rent out property myself. It's an easy way to keep cash flowing. As long as nothing serious happens to the persons, or property.
Congratulations man.
ANYWAY, congrats Cyber, I can't wait to pay off my car/school loan, It'll be a good day.
As for the property, that is awesome. I will never rent again but there are the few that renting works good for. In the future I hope to rent out property myself. It's an easy way to keep cash flowing. As long as nothing serious happens to the persons, or property.
Congratulations man.
04-06-2005, 09:49 PM
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QUOTE (UltraTibby @ Apr 5 2005, 01:20 PM)
Lucky! Good for you tho. I still owe quite a bit more than I could sell the car for 02.gif
Jeez, when did you get it and how much do you owe? I bought mine for around $9,400 including all of the fees. Right now I owe around $3,000... and I bought the car May 14th, 2004 with $4,500 down.
04-08-2005, 02:33 PM
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Congrats!
My .02 here is this: Take collision off your tib ASAP. With the mods I have on my car, I'd hate to get into an accident and have it totaled (and taken from me). Remember that a vehicle is declared a total when the cost of repair exeeds the value of the car. When you pay for collision protection, the insurance company really owns the car although you have the title. in my case, my tib is worth $800 (odometer reads 125k, 97 tib, manual, NO options). so, even in a fender bender, it'd still be a total after it gets assessed by the insurance company (they take it away as soon as its declared, usually you won't get a chance to say goodbye). However if you Don't have collision, you can tow it home and repair it as you wish, or at least have the chance to grab your parts and what not.
Sorry, I don't mean to hijack, this just happened to a friend of mine, I thought I'd share.
My .02 here is this: Take collision off your tib ASAP. With the mods I have on my car, I'd hate to get into an accident and have it totaled (and taken from me). Remember that a vehicle is declared a total when the cost of repair exeeds the value of the car. When you pay for collision protection, the insurance company really owns the car although you have the title. in my case, my tib is worth $800 (odometer reads 125k, 97 tib, manual, NO options). so, even in a fender bender, it'd still be a total after it gets assessed by the insurance company (they take it away as soon as its declared, usually you won't get a chance to say goodbye). However if you Don't have collision, you can tow it home and repair it as you wish, or at least have the chance to grab your parts and what not.
Sorry, I don't mean to hijack, this just happened to a friend of mine, I thought I'd share.