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Re: hitch basket
"Lon Stowell" <lon.stowell@comcast.net> wrote in message
news:5Q38b.418674$Ho3.66158@sccrnsc03... > I think it was Budget that offered something like a > $300 or $400 difference on a rental of truck and tow > trailer for simply changing dates of the move and > using their website for the reservation. It was either > them or Penske, and both look cheaper than paying > the higher mileage for a round trip on Ryder..... cool, thanks for the tips. its a bit premature, i dunno how hard its going to be to get financing in an area where we dont even live yet. my wife has excellent credit and i have good credit, but we would obviously be starting new jobs if we move 2500 miles and im unsure how much of an impact that will have on our ability to finanace another home while we still have this one finanaced. regardless, if i cant get it done before the snow falls ill be force to wait until next spring. im not moving during winter snowstorms in the dakotas. -- Nathan W. Collier http://7SlotGrille.com |
Re: hitch basket
"Matt Macchiarolo" <mlmacchia@aol.comspambgon> wrote in message
news:20030911151641.17796.00000765@mb-m01.aol.com... > I might suggest to help with > weight, make it two-piece where the sides come off as a unit, so you have two > lighter pieces instead of one heavy piece. cool idea, thanks. > Let me know when you start designing TJ bumpers... im already designing them, at least on paper. ill post pictures when ive actually built the final design, but will contact you privately when theyre eventually ready to be sold. -- Nathan W. Collier http://7SlotGrille.com |
Re: hitch basket
"Matt Macchiarolo" <mlmacchia@aol.comspambgon> wrote in message
news:20030911151641.17796.00000765@mb-m01.aol.com... > I might suggest to help with > weight, make it two-piece where the sides come off as a unit, so you have two > lighter pieces instead of one heavy piece. cool idea, thanks. > Let me know when you start designing TJ bumpers... im already designing them, at least on paper. ill post pictures when ive actually built the final design, but will contact you privately when theyre eventually ready to be sold. -- Nathan W. Collier http://7SlotGrille.com |
Re: hitch basket
"Nathan W. Collier" <JeepTalk@7SlotGrille.com> wrote in message news:9%38b.28282$rb3.1266523@twister.southeast.rr. com... > "Lon Stowell" <lon.stowell@comcast.net> wrote in message > news:5Q38b.418674$Ho3.66158@sccrnsc03... > > I think it was Budget that offered something like a > > $300 or $400 difference on a rental of truck and tow > > trailer for simply changing dates of the move and > > using their website for the reservation. It was either > > them or Penske, and both look cheaper than paying > > the higher mileage for a round trip on Ryder..... > > cool, thanks for the tips. its a bit premature, i dunno how hard its going > to be to get financing in an area where we dont even live yet. my wife has > excellent credit and i have good credit, but we would obviously be starting > new jobs if we move 2500 miles and im unsure how much of an impact that will > have on our ability to finanace another home while we still have this one > finanaced. regardless, if i cant get it done before the snow falls ill be > force to wait until next spring. im not moving during winter snowstorms in > the dakotas. > > What the lender is going to look at is income and debt. If you have an income level that can support your debt load, then you will be fine with the lenders, regardless of your current job situation. That is not entirely true, I suppose. I assume you are keeping the same type of job, just moving to a new location. If this is true, then the lenders won't care. If you are moving AND taking entirely new jobs, thent he job history will become an important part of the discussion. From wht you have previously told us, you will have new jobs in the same industry that your jobs are now, so your move should be fine. Basically, a lender will want to know that you made money once doing this kind of work, they will assume that you will continue to make money doing the same work in a new place. They do not assume you will make money doing something new in the same place, much less doing something new in a new place. Also, if you keep you current home and put renters in it, the lenders will only accept 75% of the rental income against the current mortgage and related expenses. So, if you collect 1000 per month in rent (12,000 per year), then your mortgage and related expenses that are allowable is only 9000, and actual expense over that amount is included in your debt ratio. While you look at having an expense (mortgage, taxes, etc.) of 9500 and gross income of 12,000, leaving a net income (or positive cash flow) of 2500 per year, the bank says you have 500 of expenses that must be included in your debt ratio. |
Re: hitch basket
"Nathan W. Collier" <JeepTalk@7SlotGrille.com> wrote in message news:9%38b.28282$rb3.1266523@twister.southeast.rr. com... > "Lon Stowell" <lon.stowell@comcast.net> wrote in message > news:5Q38b.418674$Ho3.66158@sccrnsc03... > > I think it was Budget that offered something like a > > $300 or $400 difference on a rental of truck and tow > > trailer for simply changing dates of the move and > > using their website for the reservation. It was either > > them or Penske, and both look cheaper than paying > > the higher mileage for a round trip on Ryder..... > > cool, thanks for the tips. its a bit premature, i dunno how hard its going > to be to get financing in an area where we dont even live yet. my wife has > excellent credit and i have good credit, but we would obviously be starting > new jobs if we move 2500 miles and im unsure how much of an impact that will > have on our ability to finanace another home while we still have this one > finanaced. regardless, if i cant get it done before the snow falls ill be > force to wait until next spring. im not moving during winter snowstorms in > the dakotas. > > What the lender is going to look at is income and debt. If you have an income level that can support your debt load, then you will be fine with the lenders, regardless of your current job situation. That is not entirely true, I suppose. I assume you are keeping the same type of job, just moving to a new location. If this is true, then the lenders won't care. If you are moving AND taking entirely new jobs, thent he job history will become an important part of the discussion. From wht you have previously told us, you will have new jobs in the same industry that your jobs are now, so your move should be fine. Basically, a lender will want to know that you made money once doing this kind of work, they will assume that you will continue to make money doing the same work in a new place. They do not assume you will make money doing something new in the same place, much less doing something new in a new place. Also, if you keep you current home and put renters in it, the lenders will only accept 75% of the rental income against the current mortgage and related expenses. So, if you collect 1000 per month in rent (12,000 per year), then your mortgage and related expenses that are allowable is only 9000, and actual expense over that amount is included in your debt ratio. While you look at having an expense (mortgage, taxes, etc.) of 9500 and gross income of 12,000, leaving a net income (or positive cash flow) of 2500 per year, the bank says you have 500 of expenses that must be included in your debt ratio. |
Re: hitch basket
"Jeff Strickland" <beerman@yahoo.com> wrote in message
news:vm1kbplb57lqc5@corp.supernews.com... > I assume you are keeping the same type of job, just moving > to a new location. If this is true, then the lenders won't care. ill be welding for myself, the wifey will be nursing. same ole, just a different location. what concerned me was the time on the job. if shes starting at a new hospitol and im starting a new shop we wont have any time on the job yet and i dont know what impact that will have. since theyre currently having to bring in nurses from the philippines in order to fill the needed positions, im hoping the area will be favorable to us. > Also, if you keep you current home and put renters in it i wouldnt even entertain renting when i would be 2500 miles away and unable to handle problems first hand. id rather make two mortgages. -- Nathan W. Collier http://7SlotGrille.com |
Re: hitch basket
"Jeff Strickland" <beerman@yahoo.com> wrote in message
news:vm1kbplb57lqc5@corp.supernews.com... > I assume you are keeping the same type of job, just moving > to a new location. If this is true, then the lenders won't care. ill be welding for myself, the wifey will be nursing. same ole, just a different location. what concerned me was the time on the job. if shes starting at a new hospitol and im starting a new shop we wont have any time on the job yet and i dont know what impact that will have. since theyre currently having to bring in nurses from the philippines in order to fill the needed positions, im hoping the area will be favorable to us. > Also, if you keep you current home and put renters in it i wouldnt even entertain renting when i would be 2500 miles away and unable to handle problems first hand. id rather make two mortgages. -- Nathan W. Collier http://7SlotGrille.com |
Re: hitch basket
"Nathan W. Collier" <JeepTalk@7SlotGrille.com> wrote in message news:YF48b.24615$AU.1196293@twister.southeast.rr.c om... > "Jeff Strickland" <beerman@yahoo.com> wrote in message > news:vm1kbplb57lqc5@corp.supernews.com... > > I assume you are keeping the same type of job, just moving > > to a new location. If this is true, then the lenders won't care. > > ill be welding for myself, the wifey will be nursing. same ole, just a > different location. what concerned me was the time on the job. if shes > starting at a new hospitol and im starting a new shop we wont have any time > on the job yet and i dont know what impact that will have. since theyre > currently having to bring in nurses from the philippines in order to fill > the needed positions, im hoping the area will be favorable to us. > Time on Job is not so important as long as it is the same kind of job. They will want 30 days of pay stubs on the Mrs. to show that she is actually employed, but if you are self employed, then you can give 2 yrs of taxes and a letter from your accountant that says he has been doing your taxes and that you are self employed. > > Also, if you keep you current home and put renters in it > > i wouldnt even entertain renting when i would be 2500 miles away and unable > to handle problems first hand. id rather make two mortgages. > > Would you be making two morgage payments for a long time, or just until you found a buyer? Frankly, you could get a property manager and write the cost off as an expense against the property. Remember that imaginary 9500 annual cost of mortgage and taxes that you pay from the imaginary 12000 in rent? The property manager will generally collect the rent for a percentage, and call the plumber in to fix a leaky pipe. You simply adjust the rent to cover the management fees. All you need to do is make sure the rent is not more than the market will bear, or the house will sit empty. Before you scrap the idea of renters, ask yourself what the property values have been doing over the past 20+ years. Odds are that they have been rising, and the odds are that they will continue rising for the next 20+ years. If you can collect rent that covers the mortgage payment and management fees, then you have property appreciation that costs you nothing but property taxes. If the taxes are a thousand dollars a year, and the appreciation is 10,000 per year, then you are making 9000 per year on paper, and you take the money in 10 or 20 years, and walk away from the deal with 200,000 dollars. You paid 20,000 in taxes over the term, so you net 180,000, all using other people's money. This seems like a plan worth further consideration, if you ask me. I would be happy to take this offline and discuss the actual numbers with you. Email me at jstrickland at ez2 dot net. I won't know what the management fees are in your area, nor what the rent schedules look like, but if I knew more about your particular loan, I could help you with stuff that the lenders will want to be comfortable with. |
Re: hitch basket
"Nathan W. Collier" <JeepTalk@7SlotGrille.com> wrote in message news:YF48b.24615$AU.1196293@twister.southeast.rr.c om... > "Jeff Strickland" <beerman@yahoo.com> wrote in message > news:vm1kbplb57lqc5@corp.supernews.com... > > I assume you are keeping the same type of job, just moving > > to a new location. If this is true, then the lenders won't care. > > ill be welding for myself, the wifey will be nursing. same ole, just a > different location. what concerned me was the time on the job. if shes > starting at a new hospitol and im starting a new shop we wont have any time > on the job yet and i dont know what impact that will have. since theyre > currently having to bring in nurses from the philippines in order to fill > the needed positions, im hoping the area will be favorable to us. > Time on Job is not so important as long as it is the same kind of job. They will want 30 days of pay stubs on the Mrs. to show that she is actually employed, but if you are self employed, then you can give 2 yrs of taxes and a letter from your accountant that says he has been doing your taxes and that you are self employed. > > Also, if you keep you current home and put renters in it > > i wouldnt even entertain renting when i would be 2500 miles away and unable > to handle problems first hand. id rather make two mortgages. > > Would you be making two morgage payments for a long time, or just until you found a buyer? Frankly, you could get a property manager and write the cost off as an expense against the property. Remember that imaginary 9500 annual cost of mortgage and taxes that you pay from the imaginary 12000 in rent? The property manager will generally collect the rent for a percentage, and call the plumber in to fix a leaky pipe. You simply adjust the rent to cover the management fees. All you need to do is make sure the rent is not more than the market will bear, or the house will sit empty. Before you scrap the idea of renters, ask yourself what the property values have been doing over the past 20+ years. Odds are that they have been rising, and the odds are that they will continue rising for the next 20+ years. If you can collect rent that covers the mortgage payment and management fees, then you have property appreciation that costs you nothing but property taxes. If the taxes are a thousand dollars a year, and the appreciation is 10,000 per year, then you are making 9000 per year on paper, and you take the money in 10 or 20 years, and walk away from the deal with 200,000 dollars. You paid 20,000 in taxes over the term, so you net 180,000, all using other people's money. This seems like a plan worth further consideration, if you ask me. I would be happy to take this offline and discuss the actual numbers with you. Email me at jstrickland at ez2 dot net. I won't know what the management fees are in your area, nor what the rent schedules look like, but if I knew more about your particular loan, I could help you with stuff that the lenders will want to be comfortable with. |
Re: hitch basket
TJim wrote:
> I'd keep the steel keel, though. I don't think an aluminum keel would hold > up under the stresses of driving. Depends on the aluminum. The only problem with steel keel (hey that rhyms) and aluminum other is galvanic corrosion. Of course you could use stainless hardware and rubber bushings to keep them separate. |
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