It’s Crazy, these things called Websites.
August 22, 2006 Posted by Tyler CruzIt’s crazy, these things called websites.
In June 2005 I was still living at home. In my room in the basement of my parents house, I would plug away on my websites.
Just over a year later, I am now officially looking to buy a place, not rent.
I had a meeting with a well-known realtor today, and I learned a lot. I made a video blog entry shortly after he left. It covers mainly my buying a place and what is entailed, pricing, etc. I also touch on PublisherSpot and PublisherForums.com
Posted: August 22nd, 2006 under Videos
11 Responses to “It’s Crazy, these things called Websites.”
Thats great mate, i hope you get the mortage.
And i look forward to seeing the houses you looks at 😛
That $600 is essentially being wasted though, you will never see that money again. As for a mortage, you get some of the money back and if there’s a property boom you could be getting back more than you invested.
I agree with Andy. Getting your father to back you and also putting down a large deposit should allow you to get a mortgage.
Banks will be skeptical due to your age, occupation and questionable earnings, i.e. you are early 20’s earnings probably double a bank manager’s wage!
Good luck, I am sure you will do it.
Hope you get the mortgage.
Taxes
Not sure what the tax situation is like where you live, but down here we get to write off the interest. If that works out for you, then it will be a nice bonus in those first years when you’re paying a ton of interest.
Consistent Price
Also, remember that your mortgage will stay the same for the next 20 or 30 years. How much will you be making by that time? The $1,100 or so will seem like chump change. It does for most people, and they end up paying off the last couple years of their mortgage in a lump sum.
It’s Yours
While it is a hassle when something breaks, you can do whatever you want with it.
Enjoying the blog – keep up the good work. Be blessed.
what happens when poker gets shut down and your income drops by 90%?
I’ve discussed this in the past.
Poker being shut down? What are you talking about? If you mean, what if the poker craze dies down, well, for one, it won’t just suddenly drop. It’ll be gradual. I can then decide whether to sell the site or not,
the reason i ask is because i have a successful poker site as well.
in november, the US senate will “likely” pass a law banning financial transactions, etc. of course, this will scare off the fish. in turn, the sharks will have nothing to feed off. a cycle that will pretty much destroy the online poker market. for gods sake, i hope not. but its not unrealistic to assume that your poker advertisers will no longer be paying you much. and if this occurs, your site wont have much value.
[…] I noticed in his latest blog post that Tyler Cruz is looking at leaving the renting world and buying a house. This a big move for anyone and I can understand how nervous he is feeling. So I figure I will put together this little post on the old buying vs. renting argument and give some Dot Com mortgage tips as well. […]
[…] It was by chance that I actually came upon John’s blog. I was goggling for SEO and I stumbled upon Tyler Cruz site. I was amazed at how a young kid like him is able to earn major dollars, so I started to scroll around with his links and wala! I hopped on to John Chow’s blog. […]
Well found. I’m reading up on the whole ‘rent to buy’ process over here in Ireland.
Amazing.