Get yourself a piece of land in the country. Elevation matters, as in make sure it isnt in a flood plain. Firs thing to erect is a steel building type garage that can house the cab of the truck (40'x60'). Even if there is no living quarters, it is till nice to be able to put the tractor inside to get out of the elements when taking your vacation or 34 at home
As time progresses, build onto side of garage a room with kitchenette and bathroom and bedroom. Make sure the living area faces south. Sunlight is always a plus.
If the land is big enough, 2+ acres (5 is better). Build a modest home. Ranch will be easier as you get older. 800 square feet if still single. 1200 square feet if you found some one. Tho seperate garage/ attached bedroom from home (in case of divorce). Dont build a monster home until after you retire. Invest the extra money in stocks. Avoid bitcoin, some day it will disappear and like a fart in the wind, no one knows where it went
Is It Really Worth It to Have a House and Car if I'm OTR for the Foreseeable Future?
Discussion in 'Questions From New Drivers' started by DARKNIGHTRUCKER, May 17, 2021.
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Stack that cash and wait for the housing market to crash. Swoop in
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Last edited: May 18, 2021
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I'm not suggesting anyone should do a full purchase and close on property without lawyers and title companies.BeHereNow97, dwells40 and slow.rider Thank this. -
Thank you for the clarification. One of my best friends is a RE agent. I used him on my last property. He represented me as a Buyer's Broker. The $3500 commission that I paid him was worth it's weight in gold. He took care of all of the details while I was out on the road. Contract, signatures, Title, Escrow, the whole works. I signed every document electronically on my phone. Got back to town 2 days before the closing, met him at the Title Company, signed the papers and wrote a check. I would never do another transaction without an agent.
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A property management company, a good one, is well worth what they charge. No more phone calls at midnite..."My kid tried to flush his underwear down the toilet and now everything is clogged up".TravR1, dwells40, Qbf594 and 1 other person Thank this. -
I lived in the house beforehand and it wasnt a luxury mansion, but the tenants treated it like they were doing me a favor by living in it and destroying things.
Much better with my brother there who just fixes things when they break i think of it as housesitting with benefits. I keep offering to toss him more money to fix other things or updating stuff and he keeps saying "no, im swamped with work" its a nice arrangement. He stays there at well below market rental, i dont have to worry its being mistreated and outside a tree falling on the house or a tornado, i dont get any costly repair billsdwells40 and slow.rider Thank this.
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