That is very generous

Mar 28, 2017
1:53:08pm

scottpete All-American

One thought, though is figuring out a way to do that and avoid gift taxes - maybe a hidden trust or something? Others smarter than I am might have ideas . . .

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scottpete

Bio page: scottpete
Joined: Mar 10, 2009
Last login: Apr 26, 2024
Total posts: 4,059 (217 FO)

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Messages

Author

Time

My wife and I just bought our first home

fredetteaboutit13

3/28/17 12:42pm

I wish I would've looked more closely at the entry into our master bedroom...it's slightly crooked, and it drives me nut

Texas Hammer

3/28/17 12:44pm

leave it to TH to blame his inability to carry his bride across the threshold of their new bedroom on the door itself

StantonMac

3/28/17 12:55pm

That's my story, and I'm sticking to it.

Texas Hammer

3/28/17 1:05pm

our most recent, rather than first, but i should have left my

smokymountainrain

3/28/17 12:45pm

did you put down 20%?

archie

3/28/17 12:46pm

My only regret was not buying a lot bigger of a home. Moving from an apartment

snowbird

3/28/17 12:46pm

RE: My only regret was not buying a lot bigger of a home. Moving from an

7H3F3RN

3/28/17 1:03pm

We went from a 1000 sq ft apt to a 4 br, 2265 home, with a garage. It's huge.

cougaman

3/28/17 1:07pm

We did almost exactly the same move years ago. Funny how fast

Monomachos

3/28/17 1:56pm

It's already happening. Having our 2nd in a week give or take a week. Probably

cougaman

3/28/17 2:03pm

My regret on our current home is it is 2 stories and too big. Our boys are now

93 cougar

3/28/17 2:09pm

I would get any changes you want to make soon done right now before you move in (carpet, paint, etc.)

RdF3

3/28/17 12:46pm

Yeah I don't want to have to be doing that after. Doing that before we move in.

fredetteaboutit13

3/28/17 12:49pm

If you don't unpack a box within the first 30 days, throw it away.

Iman23

3/28/17 12:50pm

But what if you need it like five years later? You just never know when you might need what's in that box. Don't toss

Texas Hammer

3/28/17 1:11pm

Most first time homebuyers over value the following:

Jeremy

3/28/17 12:50pm

Wish I wouldn't have even bought my first home... lost $300K+ on that one!

NorCal_Coug

3/28/17 12:55pm

Geeze man...buy in 07 and sell in 12 or something?

Backcountry

3/28/17 1:05pm

Close... haha!

NorCal_Coug

3/28/17 2:01pm

One thing I'm doing is building over head shelves so we can actually use the

cougaman

3/28/17 1:02pm

Did you check the attic? I wish we had checked the attic first. Oh, how I wish

socorny

3/28/17 1:07pm

Homeless guy up there?

Texas Hammer

3/28/17 1:10pm

I wish I had bought a house with a basement apartment, rents have gone up so

Nat Gas Man

3/28/17 1:12pm

Looking at empty nester status soon and wondering about turning our basement (at least partially)

soupie

3/28/17 1:19pm

we let our son help with finishing our basement, 1400 sq ft and then they

Nat Gas Man

3/28/17 1:24pm

We've thought about having it for a kid to live in if needed. Older two have homes of their own but younger two

soupie

3/28/17 1:49pm

That is very generous

scottpete

3/28/17 1:53pm

Probably not a huge issue given that you can exclude up to $56k/year

RdF3

3/28/17 2:01pm

Good to know b/c that aspect had never crossed my mind. Of course we'd never get near those limits. We're only

soupie

3/28/17 2:11pm

I wish I wouldn't have put so much work into it, because I moved on after 4 yrs.

Thrill

3/28/17 1:18pm

Do the things that will make it more livable for yourself. Don't do anything crazy to detract from resale but

soupie

3/28/17 1:23pm

Buy a home that is close to a Home Depot or Lowes.

IndependentGeorge

3/28/17 2:16pm

Do whatever landscaping you want to do first, especially tree planting.

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