Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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I cringe just thinking about it. When I couldn't keep the condo for rental I was pissed.... I'd be mortgage free by now with a nice rental property about 30 mins away. Ugh.
Anyway, doing some...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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You make Dave Ramsey cry. :lol:
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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Zillow and Trulia is where I'd look.
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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Any good resources rather than word of mouth WRT rental viability in any given area?
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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A lot depends on the risk level you can accept. With little ones, I would personally be more cautious. But...if you can line up or think a renter will be quick...
A loan from 401K could help, as...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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Answer to first question is yes.... current home/location/etc is fine, the discussion is 95% centered around schooling with the remaining 5% being things like.... easier commute, easier to shuttle...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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That could be an option I guess however even though we are in a relatively good financial position, we don't have the $$ for a 20% dp in the new place (which would realistically be $100k+) without...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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School costs and property taxes will rise at a rate that is unknown.
OP...what about renting the current house and buying new? By the time the little ones are hitting HS you'd be done with the...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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First question you and your wife have to answer is: Do you like your current home and neighborhood?
If the answer is no, then sell the house and move.
If the answer is yes, then you're over...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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most schools give free teaching to teachers kids
what's this per pupil charge that's not free schooling
some one I know used to be a teacher and had 6 kids in school free no extra charge
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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The other angle I've been thinking is that in 11-12 years I will be *mortgage free* meaning another $2k or so in the monthly budget that will be freed up. If we were to move, we'd be forced to get a...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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That's the thing. What are they gonna do (if your wife weren't a teacher)? Kick the kids out and force them to go to the crappy schools they would have been going to all along? Ohhhh no! I imagine it...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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One of DW's friends growing up got caught up in something like this but in another town - her parents lived in the next town over and they cojoled a friend in DW's town to letting them use their...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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They all have something like that basically. What are they gonna do, show up at your house and check. Although yes if it were to come to light and one of the parents was a teacher in the district I...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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Well I did think..... hey I could just rent a place there .... but ironically the town's rules *specifically* prohibit that (second sentence in the admission PDF):
"Residency must be permanent,...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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Or buy a cheap(ish) place in the other town and rent it out to an old couple/person, friend, family, etc. that doesn't have kids and doesn't mind you using their address for school registration for a...
Proper approach to this real estate calculation?
Thread created 01-03-2020 by Dr. J
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Long story short, our oldest DD will be entering middle school soon - she's currently in a great STEM magnet school (that ends @ 5th grade) but being magnet, entry to the next school is lottery-based...
