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Renting, Apt vs. Home vs. Trailer

#21
I will most likely take a year or two off of playing with bands to focus on starting a family but I like listening to music through real speakers. I would also like to continue recording and writing music which will require some volume to get good sound from my guitar amp.

I hate the idea of borrowing money! I have never used credit cards before because I dont spend money I dont have. In order to build credit I plan on getting two credit cards for me and my wife and putting everything we buy on them and paying them off early every month. I dont know if that will be enough to build credit or not. After I get my mortgage I plan on going back to debit cards and a saving account though.
 
#22
lwknives said:
I will most likely take a year or two off of playing with bands to focus on starting a family but I like listening to music through real speakers. I would also like to continue recording and writing music which will require some volume to get good sound from my guitar amp.

I hate the idea of borrowing money! I have never used credit cards before because I dont spend money I dont have. In order to build credit I plan on getting two credit cards for me and my wife and putting everything we buy on them and paying them off early every month. I dont know if that will be enough to build credit or not. After I get my mortgage I plan on going back to debit cards and a saving account though.
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That. If you can be responsible, DO get those cards and use them to pay it off each time. Build up a record of purchasing and paying.
 
#23
Never buy a trailer. We did. We lived on our property while we saved to build a house. It's like a car. Once you drive it off the lot you lose so much. It was hard to sell, hard to find buyers qualified to buy it. It was a hassle getting it moved. We lost our butts. We should have rented.
 
#24
Rent apartment, headphone amp for solo practice, share cost of rehearsal space 1x a week with rest of band.

Put difference between doing that and renting more house than you need into savings account for a down payment.

Congrats on the marriage!
 
#25
UncleFluffy said:
Rent apartment, headphone amp for solo practice, share cost of rehearsal space 1x a week with rest of band.

Put difference between doing that and renting more house than you need into savings account for a down payment.

Congrats on the marriage!
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Yep. We have a dedicated practice room (zoned retail/industrial), above a BBQ joint. Two rooms, about 400 square feet runs the band 200$ a month. Its worth it for the storage space alone. I don't keep any of my cabs, amps or PA gear at home. Only my basses.
 
#27
Depending on where you live you can apply for a USDA home loan. Essentially ZERO money down on the initial purchase and subsidized PMI for the life of the loan (just pay it for 5 years and then refinance to a FHA/etc). This would allow you to buy pretty much straight away.

HOWEVER, unless you plan to stay for a while DON'T BUY. You WILL be tether to said house for a few years or more until you can break even when you walk away. So plan life/career goals before settling on accommodations. Buying is only the wise financial move if you can stay in it long enough to break even, less than 2-3 years and renting might actually be cheaper.
 
#29
My first place out of home was buying a mobile home in a nice park where there were no crime problems. Maybe those places are hard to find, but it gave me a way to build up some equity in a place which later sold for about $8000. This was in a college town where mobile homes turn over pretty quickly when they go up for sale.

If you can find a place which meets those criteria, consider it. BUT - be aware that turning up a bass will still bug the hell out of the neighbors. The walls in mobile homes don't muffle bass sounds well at all.
 
#30
Yeah, his house sauce is OK, but not exactly bursting. The brisket is pretty good, but it's all hit or miss.


Judging by the OP's*descriptions, it sounds like duplex of some sort is the way to go. You will appreciate the house-like features, but not at mortgage prices. One neighbor unit is always best.
 
#31
bigfatbass said:
Yeah, his house sauce is OK, but not exactly bursting. The brisket is pretty good, but it's all hit or miss.


Judging by the OP's*descriptions, it sounds like duplex of some sort is the way to go. You will appreciate the house-like features, but not at mortgage prices. One neighbor unit is always best.
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I've done the brisket a couple times, and its dry and has next to no smoke to it, which is a disappointment, because its not that hard to do. Ribs are OK. Sides are decent but nothing too special, the slaw is cloying.

But yeah, a flat/duplex is the best of both worlds for 'house' style living without owning a house.
 

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