KK Has FINALLY done it...*fingers crossed* [Archive]

Kwaka-Kid

28th June 2005, 21:58

Well i can finally share my great news with you all!

Ive been talking about it since 13... set the goal at 15... and only more seriously been working at building some savings to meet the goal at 18.

The Goal - to purchase my first home by 20... and im on the final leg, signed my life away to the bank!

Shes a small 3 bedroom home with single carport, built in '92 on an approx 650m2 sloped seciton, typical universal type group home, located out west-in Glen Eden. The purchase is still subject to my finance and obviously approval of LIM but its all looking very positive.

The biggest buzz from it all so far? Well when filling out the contract, the vendor put the settlement date down as 12th August 2005... that just so happens to be the same day a certain little westie turns 20! and what better birthday present to have given myself?

There will definatley be a house warming/late 20th, aimed for a whole weekend event somewhere late August, it will be fairly open and relaxed (at least thats the initial idea, honest dad!) and just a time to eat, drink, and talk the trash with mates from all around, especially those whom have helped and offered advice etc with my whole house-buying-saga, and there are a few from here :)

Well, thanks for reading about my recent positive streak! Now i guess its time for the times to get tight, and to face the hardest test in life so far... Servicing the recent purchase and still competeing in Formula 3... Ive come along way since my entry to F3 some near 2 years ago, and despite still having a fair haul to go yet, i sure aint planning on throwing it all away.:ar15:

Sensei

28th June 2005, 22:00

Good going Dude No looking back now :Punk:

Joni

28th June 2005, 22:02

Im so happy for you Logan - Congrats!!!
You deserve all the good you get.
:2thumbsup

The Pastor

28th June 2005, 22:04

Do you own the house or the bank? Or are you 18?

MadDuck

28th June 2005, 22:04

Hot damn good for you KK.

Its not an easy task getting a first home at your age. I got my first mortgage at 22 (on my own) and have been that way ever since. Oops I mean mortgaged! Always better to own than pay some landlord.

ohhh and dont bother reading the contract they all full of the same of BS

Waylander

28th June 2005, 22:08

Do you own the house or the bank? Or are you 18?
Well apparently on the 12th of august this year he turns 20 so yea he must be 18...:whistle:

Lol Congrats mate, enjoy the new place.

Zed

28th June 2005, 22:08

The Goal - to purchase my first home by 20... and im on the final leg, signed my life away to the bank!Good on you Logan, must have taken a lot of hard work and saving to reach that goal!! You will be able to appreciate this property so much more than if you were just handed it on a silver platter! :2thumbsup

Now i guess its time for the times to get tight, and to face the hardest test in life so far... Servicing the recent purchase and still competeing in Formula 3... Ive come along way since my entry to F3 some near 2 years ago, and despite still having a fair haul to go yet, i sure aint planning on throwing it all away.:ar15:Well you're only 20 (nearly) and there will be harder tests in life awaiting you...just take them one at a time!

When are you getting married btw?? :whistle:

Kwaka-Kid

28th June 2005, 22:09

thanks guys!

and yeah, well if you break it down, i think i must own about the toilet/bathroom, the bank owns the rest!

As for the marriage thing Zed - Yet to find a willing volunteer!:wait: :whistle:

MadDuck

28th June 2005, 22:12

thanks guys!

and yeah, well if you break it down, i think i must own about the toilet/bathroom, the bank owns the rest!

Heck you own that much you doing pretty damn well

The Pastor

28th June 2005, 22:16

I own my own house. Its nothing fancy but it does have a Door! Carbord is a pretty cheap way of doing it too.

Virago

28th June 2005, 22:16

Hey, well done mate.

To set a goal like that when so young, and to follow through on it, shows great strength of character. I'm impressed!

Next goal - mortgage free I suppose? :niceone:

riffer

28th June 2005, 22:16

Well done Logan.

With a bit of effort (and resisting the temptation to add to the mortgage for toys, etc) you may just pay the sucker off before you are 40.

That was one of my dreams. Now at 38, four kids and a second marriage, and that house long gone, I've amended the dream.

I just want the mortgage under $100K.

I reckon I'm gonna do it though.

Good luck to you. :D

FROSTY

28th June 2005, 22:21

Bloody fantastic matey. But dude get it right--You own the carport -geddit the carport.

Motu

28th June 2005, 22:34

Wow,good one mate! At your age I never gave a thought to such a thing,there wasn't much to do the thinking with.I was 34 before I got a mortage,and it was bloody tough times too with a couple of kids then.I've just got myself freehold,and it's a blessed relief,although my house would be worth only half yours.Mind you I had a section freehold at 23,had a caravan on it and tried to do the hippy thing on nothing,but had to sell it and divert the money into a family and survival.....and bikes.

Ixion

28th June 2005, 22:36

Congratulations, and well done.

zadok

28th June 2005, 22:41

Onya, good going. Property is generally one of the best investments you can make.

Indiana_Jones

28th June 2005, 22:41

Good on ya.

lol everyone else gets their goals, just ignore me, I'm a depressed tit :oi-grr:

-Indy

Virago

28th June 2005, 22:44

......just ignore me, I'm a depressed tit :oi-grr:

-Indy
You're a mammogram????????

Milky

28th June 2005, 23:15

Good on ya logo... I hope you have enough room for all the bikes and bits downstairs. Are you living there on your own, or going to rent it out to some others to help smash out that mortgage? It must be a bit daunting buying something so large, but remember that the first thousand dollars is the hardest to save, and you are well past that.

Well done again... If you need a hand moving stuff in, or doing a general tidy up give me a call.

justsomeguy

28th June 2005, 23:18

Wow Logan!! I can't help but admire your achievement. The fact that you have stayed on course and managed to achieve your targets while maintaining a demanding sporting life speaks greatly about the strength of your character.

WINJA

28th June 2005, 23:36

GOOD ON YA , PUT MONEY INTO LAND AND YOU CANT GO WRONG.
GODS MAKING NO MORE LAND BUT PEOPLE ARE MAKING MORE PEOPLE .
I HOPE YOUR GOING TO RENT IT OUT AND LIVE CHEAP ELSEWHERE

Slipstream

29th June 2005, 02:45

Count me in brutha!!!! :drinknsin

Well done on the house front :hug:

You gonna move in or rent it out? ..... or both?

What an awesome 20th birthday gift for yourself :D

WHAT A LEGEND!!

wari

29th June 2005, 03:40

CHoice mate .. :spudwave:

WEll done .. :clap: :clap: :clap:

LEmme now iff ya wanna hand with da reno-vations .. :yeah:

MInd you ... ya gotta have at leest two of evry tooll ... cause I norm-ally loose at leest one inda neigh-boors long grarse .. :weird:

Riff Raff

29th June 2005, 07:33

Congrats Logan - you did a lot of soul searching to make this decision and I'm pleased it's all working out for you!

toads

29th June 2005, 07:56

great stuff KK, you are awesome!, buying a house at any age is a big deal ,and at your age is downright legendary!, good to hear about the f3 too, look after yourself! cheers P & L

Lou Girardin

29th June 2005, 08:55

Good stuff, especially at your tender years. BTW it doesn't matter what the bank owns, the capital gain is all yours.
You could be living in your future MV.

enigma51

29th June 2005, 09:00

Well done dude You now need to build a garage for the spare parts and no the spare bedroom is not the place neither your room!

Firefight

29th June 2005, 10:01

hey mate, yes this is great news, having been (in the know) about this little project, I gotta say I am so proud of you mate, despite advice given to you by so called well meaning people you have stuck to your goal... you will never go wrong with property... Just thinking back to all those time we would chat in the early ams when you were coming back from one of your 3 part time jobs, and how keen you were to obtain a house.. now its more than just a dream, :clap: and I guess the other great thing you have still managed to keep your hand in the whole racing thing..... :ride: ..

Good luck with your future property investments.

Dave

vifferman

29th June 2005, 10:09

That's bloody good going, Logan! (Apart from the fact the house doesn't have a 6-bike gargre :Pokey: )

Just kidding! Well done, matey!

Didn't have my first home till about 24-ish, had it nearly paid off, added a third more area onto it, had that nearly paid off, changed careers and cities three times, and now the mortgage is around $250K.:doh: :Oops:

Just shows you what having goals and planning things can do for you.
Please come visit, and tell my kids that!

ManDownUnder

29th June 2005, 10:13

GOOD MOVE DUDE!

Awesome - you're a legend... next step to opay the bastard off... I can help with a few tips and tricks... (no I'm not on commission or getting paid to do this or...)

PM me if you want to help out... imagine the feeling of having it paid off (I know it well... just before we bought house #2...)

Congrats again... I think it's brilliant!
MDU

Eurygnomes

29th June 2005, 11:20

I am SOOO impressed KK!!! I can't believe you own a HOUSE at 20?!!?! *lots of head-shaking, eyebrow-waggling amazement*

That's some determination man, when I was 20, I was still at school (uni - but it amounts to the same thing). I'm stunned. Wow, I'm totally in awe! Congratulations dude, REALLY! :clap:

I wish I had such inner fortitude!!

Biff

29th June 2005, 11:47

Well done that man. Now - remember this - it's your home, yours. Don't be moving in any lady that's going to start buying pot plants and swapping out your Pirelli calender for something with fluffy animals on it. Before you know it she'll unsubscibe your Sky Playboy subscription and be holding dinner parties for her boring ugly mates and their nerdy boyfriends. I suggest moving male mates in, hold beer parties and invite entertaining hot chicks around. :drinkup:

ManDownUnder

29th June 2005, 11:52

I suggest moving male mates in, hold beer parties and invite entertaining hot chicks around. :drinkup:

Shame you're in Chch dude... KK needs guys from Auckland.

HEY LOOK AT THAT - THAT'S ME (what were the chances... huh?)
LOL

Motoracer

29th June 2005, 11:54

Good on ya Logan! I couldn't be happier for ya! See you on your house warming if not before that.

Sudeep.

surfchick

29th June 2005, 12:30

arrrightkwakaski!
best news ever. there's nothing more fun than writing a BIS AS cheque.
you on yo way to being mr. property mogal :Punk:

2_SL0

29th June 2005, 12:36

erik

29th June 2005, 13:07

Congrats! Good on ya Logan. :niceone:

Slim

29th June 2005, 14:46

Congratulations Logan. You rock. How many years will you have to eat bread or 2 minutes noodles until it's paid off??? :Punk:

Biff - when I moved in with The Man, I replaced his boring service station calendar with an Isle of Man bike racing calendar & made him rearrange his garage so my bike would fit in too. We're not all as bad as you make out! :bleh:

Hoon

29th June 2005, 16:43

Good stuff dude and good on ya for sticking to your goals!! I just bought my first house (I'm 34) and I now wish I had the foresight to have done it a lot sooner like you.

Buying a house is an investment. A mortgage might sound like some huge bill but it is really just "compulsory saving", something you should have no problem with!
All the money you are putting in you will get back once you sell it - not only that you should make a tidy profit even after taking into account inflation and interest....and you have somewhere to live!

I shudder to think how much rent I've paid overs the years when all of that money could've gone to my bank account instead and if I knew what I know now I would've bought a house when I left home ....exactly what you have done! But convincing any teen of such action (let alone myself at 20!!) is near impossible so I must also commend you on your maturity which never ceases to amaze me!!

Hopefully it doesn't affect your racing - mine is put on the back burner along with all my other money eating hobbies for now :( The mortgage insurance company wanted an additional $70 per month to cover me racing :(

Two Smoker

29th June 2005, 18:42

As i said before logo, WICKED STUFF MATE!!!! Cant wait for the party...

Kwaka-Kid

29th June 2005, 20:55

thanks everybody for the kind words and even offers of more help in there! MDU will be PMing you, and hell dave, im still buzzing on this so im gunna invite myself around to your place sometime real soon (there is another motive too, will chat to you about that, bahaha!)

Still learning like so much and everything is coming up so fast, despite the long time ive had to sort the housey thing out, and doing some fair research etc, plus listening to AS MUCH advice as possible from anyone whom offered, there is still so much more to the sorting out of the mortgage of the place and just the tid-bits of a private sale too i guess.

Also its funny how there are so many extra costs you dont (or i didnt) perfectly cater for i.e conveyencing(sp?), setting up of my trust, and any professional advice fees (though ive skimped completely on these so far). But ill make it.

Also, my orignal plan was to yes, pay the thing off ASAP! (still taking advice re: fixed/floating etc mortgages).. so every last cent was going to hit that mortgage.

However more recent discussion (last 6 months) has seriously made me consider a rental... or rentals.. i still need alot of advice and to do some more planning, as i do want to continue to race, and would like to give it a proper shot. (there really is waaay too much to spend your money on in life!) Thanks once again guys.

Logan

curious george

29th June 2005, 20:58

As for the marriage thing Zed - Yet to find a willing volunteer!:wait: :whistle:
I guess your thing with Miss Palmer broke up then? Heehee... :rofl:

Nah, Bloody good for you Logs, things are looking sweet.
Housewarming, shit, even Bruno might make that one!

NodMan

4th July 2005, 19:54

FINALLY SON ...you get the house and I get to build the ten bike garage/workshop under it...... just so i can get one of my garages back ....NA BOY.... bloody proud of you..... youve done it all ya self so i might just let ya leave the turbo bike and a couple of dirt bikes here for the old fella to play with....BOUT THAT PISS UP.....bout time I'll arrange my shifts so I can cum round your place,drink your piss, knock your bikes over, chunder in your lounge and should be right for the Glen Eden TT round your lawn bout midnight on one of your bikes....SHIT IVE WAITED TWENTY YEARS FOR THIS PARTY...EH BOY

Biff

4th July 2005, 21:20

Biff - when I moved in with The Man, I replaced his boring service station calendar with an Isle of Man bike racing calendar & made him rearrange his garage so my bike would fit in too. We're not all as bad as you make out! :bleh:

If you should ever find yourself single again........

Are you trying to live your life vicariously thru him. lolol.

Ahhh mammories, I mean memories.......

Slim

5th July 2005, 12:59

If you should ever find yourself single again........
I can't see it happening, Biff, but I'll keep your offer in mind. ;)

:rofl: & Nodman. Class!

Biff

5th July 2005, 14:00

I can't see it happening, Biff, but I'll keep your offer in mind. ;)

Anytime - I'll do pretty much anything for a free TT calender :whistle:

Slim

5th July 2005, 14:40

Anytime - I'll do pretty much anything for a free TT calender :whistle:
You'd better send Juan a PM then, since he's my supplier. :yes: And he might be able to sort you out free delivery, since he'll be visiting our lovely shores in October.

crashe

5th July 2005, 14:50

Congratulations... and well done...

So the carport will become a garage pretty quickly... gotta have somewhere to lock up ya bikes and tools etc...

Housewarming party huh... good onya mate... :drinkup: :drinkup: :drinkup:

I didnt get to own my home til I was a couple of years older than you are now... and I converted my carport to a garage...

You set your goals from a young age and you have achieved them all...
You have done your ol' man proud.

Kwaka-Kid

6th July 2005, 22:40

cheers guys! :) and just to keep all updated, finance has just been approved and i think that means it goes unconditional as im happy with LIM etc :) YAAAAAAAAAYYY!!

Madmax

6th July 2005, 23:30

I have a pre approved one
I am looking at about four houses on saturday
maybe have a house buy monday
:devil2:

oldfart

7th July 2005, 09:10

Well, having known Logan since he was born, I can tell you he is one sorted person. Congratulations for acheiving this milestone so early in your life. It's really generous of you also to provide accomodation for your 2 dearly treasured brothers, Luke & Kurt.

quietguy

7th July 2005, 21:34

Well done mate on achieving your goals. Keep it up :2thumbsup:

Flyingpony

7th July 2005, 22:48

Congratulations, and well done and you're so young.
You must have a good job!

Do protect your asset with regards to defacto relationships. Hate to hear you lose half your house after she's moved in and then moved out.

Don't forget the property inspection. Worth its weight in gold.
Don't trust all what the vendor says, they can lie to get the sale.

Get LIMs and PIMs etc.

Did you get penalty payments regarding them moving out after settlement date?
Nothing more fun than on settlement date handing in the keys to your flat, then turning at your new house with the furniture truck only to find the house still occupied! - friend had it happen to them.