Sell House to Buy 5ver and Truck
We were at the RV lot and was sharing our plans to go full time. The thing is, we want to sell the house so we can use it for a large down payment on a 5ver and a TV. The salesperson said that you c...
Forum Discussion
I am the OP - Thanks everyone for the replies. I will be working on the road making a good full-time income.
We have thought about using a relatives address and most likely will so certain mail can be delivered there (their address is not in Florida). Other mail that we actually need to receive will be sent to a mail forwarding service. Thank goodness most bills are now sent online... makes life so much easier.
We want to sell the house to put toward the rig so that payments will be essentially eliminated. I do not view a house as an asset, but as a liability. There's a lot of maintenance to go into a house, especially one that was built in 1979, in Florida where part of it has a flat roof. Hell, $6,000 a year of house payments goes towards taxes and insurance. Yes, of course I know that a rig is a depreciating asset. But with the money saved per month on mortgage, insurance, taxes and maintenance vs the monthly cost of the RV, I can invest the balance. Also, since I will be making the same full-time income as I do today I find it advantageous to have a reduced cost of living while being able to travel. This decision is being based on a lifestyle choice, not an attempt to build wealth. I am young and have seen too many people my age or older always have a dream and never do it because their health fails them or******happens. I know three men who have had heart attacks in their 30's and are now limited with their mobility.
I think what we're going to do is secure a loan on the rig, sell the house and then use the funds to pay most or all of it off. I want to get the best rate that I can and from what I have been told, living at a residence less than year can cause the rate to be higher. So I need to use the address of the house we are currently in.
Thanks,
FloridaKash
We have thought about using a relatives address and most likely will so certain mail can be delivered there (their address is not in Florida). Other mail that we actually need to receive will be sent to a mail forwarding service. Thank goodness most bills are now sent online... makes life so much easier.
We want to sell the house to put toward the rig so that payments will be essentially eliminated. I do not view a house as an asset, but as a liability. There's a lot of maintenance to go into a house, especially one that was built in 1979, in Florida where part of it has a flat roof. Hell, $6,000 a year of house payments goes towards taxes and insurance. Yes, of course I know that a rig is a depreciating asset. But with the money saved per month on mortgage, insurance, taxes and maintenance vs the monthly cost of the RV, I can invest the balance. Also, since I will be making the same full-time income as I do today I find it advantageous to have a reduced cost of living while being able to travel. This decision is being based on a lifestyle choice, not an attempt to build wealth. I am young and have seen too many people my age or older always have a dream and never do it because their health fails them or******happens. I know three men who have had heart attacks in their 30's and are now limited with their mobility.
I think what we're going to do is secure a loan on the rig, sell the house and then use the funds to pay most or all of it off. I want to get the best rate that I can and from what I have been told, living at a residence less than year can cause the rate to be higher. So I need to use the address of the house we are currently in.
Thanks,
FloridaKash
