New owner operator and buying a house

joseph1853 · Oct 4, 2020

LameMule said: ↑

My advice is that you are best off if you can convince your wife to rent a modest home while you get your truck producing income. It's quite expensive to get a truck on the road and consistently make money with it. After 6 months or a year of running the truck and renting you reassess your financial situation. If you've managed to recoup your investment or save some money you'll have that much easier of a time explaining your vision to a banker.
If you can do the maintenance work on your truck yourself you'll save a good deal of money.
Listening to your wife's want's in terms of buying a home asap is a bad idea (statistically) when you plan to pay for it with a brand new business. If you absolutely must buy a new home, get a steady company job.
Just be careful with your nest egg because just a couple bumps in the road could drain your savings in a hurry.
We might come across as ornery or down right mean but we genuinely don't want anyone going broke if there's any chance to steer them in a safer path.

If your wife complains about renting, tell her to get a job...
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Good stuff. Thank you. I believe your write. Looks like I will be doing that. Save up a bit more that is with a company gig. Thanks again.

Vampire · Oct 5, 2020

Dave_in_AZ said: ↑

That still makes no sense.
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