Best Vacation in US?
Annegriet
7 years ago
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Use $200k+ in Equity to Buy Vacation Home? Any other options?
Comments (12)Hi Ilover, Our lifelong dream is to own a vacation home. We have approx $200k in equity in our primary residence. We don't' have much $ to buy the second home. We sacrifice property size and storage in our primary home in order to keep the equity (and not use it to upgrade to a larger home)..... so that we can have purchasing power. How does this work? How important to you is your dream of owning a vacation home? Have you considered all the angles around what that would mean to you & your family? All the pros and cons? (There are certainly plenty of both, as with anything, of course!) Is this equity an advantage in buying the 2nd home? Of course! Equity is equity is equity... it is part of yoru net worth, and part of what you are considering converting into an additional asset (the vacation home.) I don't want to jeopardize our primary residence. How do we not do that? You have no way to not do that. Your primary residence is already in a fair amount of risk because you're short of reserves and have transferred your safety funds into accumulations of real estate equity. It sounds to me like you & family MAY benefit from some 'values explorations'... what's REALLY most important to you, and how do you make sure you're getting it (and not sabotaging it) along the way. Luck! Dave Donhoff Leverage Planner...See MoreHome from Vacation, now I am ready to have a vacation:)
Comments (8)(The following is a message from DH the computer nerd about those that are having trouble with the video on the website) For those that are having trouble loading or watching the video, first let the whole video download before pushing the play button. The second is that you might need the newest version of quicktime. Thank you for all the comments. We left again this morning at 8:20 to go and watch my nephew play baseball an hour away. We then met my mom and 2 of my sisters and 2 nephews at the park and had chicken at the park and let the kids play.The also brought my baby Hayden back to me. My sis had his hair cut ( it was in his eyes and I gave her the okay) he looks like a big boy now. Of course today and tonight he wouldn't let me out if his sight, I sure missed my little baby ( not so little at 25 pounds at 11 months) Rhiannon declared yesterday that she couldn't be 5 until she had a birthday cake. So my mom made an angel food cake and brought it down so Rhiannon could turn 5:) Growing up my grandma always made us an angel food cake for our birthdays. We have continued the tradition with my mom and my kids and nephews. Stacie who went all day today again and still needs to do laundry...See MoreBest vacation page
Comments (3)Penny, your Sea World sounds cute. Can't remember what I did with mine. But I did a page from Disney, my daughter was 5 and I had 3 pics of her dancing with the pirate dude Mr. Smee from Peter Pan. Well, I hunted all over the place for stuff for that page, finally ended up with cloud paper with the wave paper cut for the bottom, die cuts of pirate ship, treasure chest which I punched little gold metallic dabloons (sp) and had those spilling out of the chest, and a pirate with a parrot on his shoulder. It came out pretty cute. And 13 years later she took another picture with Mr Smee again, geez she must like this guy. Also, did a page with the real large Micky and Minnie die cuts, they are one on each page holding a wide border strip at the bottom and I placed the pics on the border. Could only use 3 pics on each page because the die cuts are so big but it came out really cute.The colors are white, black and red. Pam...See MoreSuggestions for lamps to use in FL vacation house?
Comments (1)Hi Lovestoread! How fun to decorate a second home-- and it sounds like you get some good relaxation time too. I have to say, I can't really see two arc lamps in proximity to each other. I guess it could work if they were on the small scale.. did you find any rooms with two on houzz? good luck.....See MoreAnnegriet
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