Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I own my home, and have paid down 25% of the total owed. I have moved from a 30 yr loan, to a 15 yr loan at 3.125%
I plan to move to a bigger, more expensive home (current home 125k, new home...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Just put it in a savings account. Go to bankrate.com to find the best offer currently.
Don't put it into the stock market or ETF or mutual fund.
Don't put it into your current house equity...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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You have no idea how mutual funds work. You call them stealing and in the next sentence say you use them. Educate your self.
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I don't know much about ETF's, and what little I know about Bonds are they grow slow, little risk. I have a ROTH and my 401K maxed to my employee max, again with little thought to it, other than I am...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Im in the same situation as you. I'd like to move in the near future ~1 year. Selling then moving in with a realitive while buying the new house seems like the best option. When my parents moved into...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I think the real issue is that he's investing with someone that's taking 1-2% of his money, and he has no idea how it's really being invested.
My advice (both for this specific housing question...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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You need to sell your current home first. You can always put in a rent-back clause in the sales contract for 30-60 days to find a new house. There are no shortage of houses for sale. We rented back...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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this is getting off topic but I'll chime in since you don't know. ETFs are exchange traded funds, they trade like a stock, you can buy the S&P500 or Dow Jones or Nasdaq or Agriculture, or Korea,...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I recently bought and sold (actually had the closings same day, a few hours apart). And we actually accepted an offer and had our offer accepted within a day of each other. So we got lucky with the...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Well I don't know of any ETF manager raking in 1-2% per MONTH in fees
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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12-month CDs? Bonds? You'd barely be beating inflation, even in a 5-year CD.
Personally, I would park it in an ETF. That'd be the rational thing to do, despite your wife. Or go with a bond-only...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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This is good advice. With a three to four year window, savings is your best option.
Also, you may want to reconsider waiting until you've bought your next home to sell your current one - unless...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Keep the cash in something liquid or semi-liquid. You will need cash for down payment and closing costs. Don't put it in stocks or anything relatively volatile.
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I'm not saying to put your money in ETF...but you might want to do more research in ETF/mutual funds before making statments like that.
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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:iagree:
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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there are apartments that specialize in renting to prospective home buyers. So you could stay in one of those after your house sells and before you move in.
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Wow, you know a fund manager that works for free? Let's throw him a party :grouphug: cause my manager doesn't work for free, he takes fees (not commissions, because he gets paid BY ME, even when he...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Wouldn't it be a pain to have to move your stuff twice? I don't think I could fit my whole house in a POD. To tell you the truth, I have parents that live in a house that 3x to big for them (20 miles...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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My wife and I found that it was far cheaper to rent a 26' UHAUL for the week we moved rather than have a POD. Stuffed all of our stuff in there.
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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Thats a good option to think about... And it makes sure the house is for sure sold... Thanks..
I know this is some time out, but this kind of stuff takes planning
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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You should do some research :) It's clear that you have a perverse understanding of financial markets and volatility.
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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yeah, looks like my best play is just to save it in cash or savings, something low risk. Not going to get much out of it for putting it in my home.
I didn't expect to get this outcome from this...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I would recomend putting as little money as possible into your current home. The cash will be more important to have in hand if you decide to try and buy before you sell.
With the way the market...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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:thanks:
I'll check out bankrate too... I just googled rates before
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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I think what i meant to imply was, I will put my house on the market at the same time as looking, probably a month or so before I really start looking. I just don't want to be forced into a home,...
Buying House, when you have a house... what to do with extra $$$
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Thread created 01-07-2013 by MrTickle
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There is no guarantee of selling your house in a timely fashion. Are you able to sit on it for a long time or take an offer far less than its "worth". You can always sell your house, when it sells,...
