KK Has FINALLY done it...*fingers crossed*

**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.

**Sensei** · 28th June 2005, 22:00

Good going Dude No looking back now

**Joni** · 28th June 2005, 22:02

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

**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

Originally Posted by renegade master

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...

Lol Congrats mate, enjoy the new place.

**Zed** · 28th June 2005, 22:08

Originally Posted by Kwaka-Kid

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!

Originally Posted by Kwaka-Kid

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.

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??

**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!

**MadDuck** · 28th June 2005, 22:12

Originally Posted by Kwaka-Kid

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?

**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.

**FROSTY:Me** · 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.