Should I buy a new home or start a bussiness?
kids bedroom ideas cheap
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My wife and I have 5 kids. We just had triplets last year so our family increased from 4 to 7 after are 3 babies were born. We live in a three bedroom 1700 sqft house. We also have a family room that could possiably be converted into a bedroom. My income is $94,000 a year and the wife is a stay at home mom. We have no debt other than her van payment of $350 per month. We have saved $70,000 through many years of saving. This money is in a separate account than our checking account. We also have about $5000 at any given time in checking. Our house is paid for and we have about $150,000 in equity in that but by the time we pay a realtor if we sell it it would be a little less.
My wife would like to build or buy a larger home. She wants to take the money we have saved plus the equity from our home and use that to upgrade into a larger home. She feels that 3 bedrooms are not enough. Right now the three babies are sleeping in cribs in the master bedroom and it is kind of tight. The two older kids have there own bedroom. I was planning on investing that money to open up a business. I also thought about buying a few cheap rental properties to rent out. I have tried to tell her that once the business does well we can then afford to get a larger home but she says she wants a larger home while the kids are small so we can enjoy ourselves in it now. Does she have a point? She basically wants to get settled in a new house while the kids are little and then start saving again in order to invest in something. She is 29 and I am 38. I really wanted to start investing in rental properties so that we can have retirement income someday. I do see her point about the larger home. We are really tight in the house we are in now and once the babies get older and start collecting toys and such it will get worse.
My question is given my circumstances what is the best way to invest : buying a larger and nicer home or buying rental properties? Any other business ideas?
Answer
did u do actual due diligence on "starting' a business?
seriously, right now the two kids can Double up on bedrooms
when the 3pack needs a room.
doing so will not deform them mentally.
has been done for generations, leading to major
successful people.
Mom is doing emotional media hype action.
kids need love not toys. give them boxes, pans, crayons
let them use their Imagination.
do lots more reading b4 "buying' rental properties.
learn your states laws. u could end up messed over.
Do not convert 'family room' into 4th 'bedroom' can
mess up resale or get u in code violation.
do get wife used to actually living on no more than 35,000
a year. when she does that , u can save up more money
for become a property landlord.
LEARN your state renter/landlord laws.
get 3 realtors to give u actual sale valuation of your home.
take that number and see what u can up grade to.
decide how much of a mortgage u want on 15 yr fixed
mortgage.
what can u get for 200K, 225K, 250K? in your area.
good knowledge is good luck.
do not give in to mom Now.
did u do actual due diligence on "starting' a business?
seriously, right now the two kids can Double up on bedrooms
when the 3pack needs a room.
doing so will not deform them mentally.
has been done for generations, leading to major
successful people.
Mom is doing emotional media hype action.
kids need love not toys. give them boxes, pans, crayons
let them use their Imagination.
do lots more reading b4 "buying' rental properties.
learn your states laws. u could end up messed over.
Do not convert 'family room' into 4th 'bedroom' can
mess up resale or get u in code violation.
do get wife used to actually living on no more than 35,000
a year. when she does that , u can save up more money
for become a property landlord.
LEARN your state renter/landlord laws.
get 3 realtors to give u actual sale valuation of your home.
take that number and see what u can up grade to.
decide how much of a mortgage u want on 15 yr fixed
mortgage.
what can u get for 200K, 225K, 250K? in your area.
good knowledge is good luck.
do not give in to mom Now.
What ideas are good decor ideas for a teen girls bedroom?
JeSSiCa
I am getting bored with my old bold green room, I am looking for a newer, cheap, and modern look.
Answer
A lot depends on what the girls like. Are they into sports or still in the girly look? It is always a good idea to have a place for makeup and desks for working so can you find a place to work them in? Might even have bunk beds to be able to get more floor space for desk. If you can do 2 desks so each girl has their own area, they can double as computer and homework place and also makeup spot. but each girl needs her own. Maybe even check out dorms and build it more like a college dorm. There they have 2 twin beds and then usually 2 desks, one for each and a closet each. That is about all that goes in a room. A book shelf or even a hutch over the desk is good to put keepsakes and books and supplies. You may be able to pick up desks and huth at a consignment store or a thrift store. I got mine there at the senior center thrift store. You might be able to let them share a printer if the desks are side by side or you have a wireless printer (wireless not in electric but in connection to computer. If girls are going to collee, as they near it you might consider a laptop for each. Some families like to keep the computer in a family area rather than bedrooms though because of the stuff on the internet and they can monitor them.
As to colors, you can keep walls neutral and decoraete using posters or prints. No more princess stuff for teens, but do include fluffy pillows for the beds. If there is space, separate rooms is nice for teir friends to visit.
You can even do a diagonal line across two opposing walls and paint one side one color and one use the diagonal lines to divide the colors and the colors extend for their side only. Then soften it with curtains that pick up both colors and also using posters or framed prints on the walls to break it up. Can do the same with neutral walls. There are also stencils you can put around the top of a room. I did some roses and purple star flwoers with green leaves and it was like an arbor almost and the kids called the room the rose room or the princess room as they felt like princesses in there. But walls were white. I had spreads with big red peonies that almost looked like roses and it had purple star flowers and green leaves so the roses which were very full, looked almost like the spreads and I used red and purple and green in the room. The carpet was even white and I used wool oriental rugs by the bed and a stained glass lamp shade with roses and a Grecian girl brass base. Had to call it the rose room when any of the fewer boys ame to stay. Or let the girls stay there and the boys could stay on sofa or in the big blue big chairwith ottoman. Unfortunaately we have downsized now and don't have all the space we did then as we went to a small cottage and a mobile home. But you might find a stencil the girls like and put it on the walls, either in random patterns or as a border at the top or even dropped down a bit as mine was. I did the stencils around and then did just the roses and no star flowers about every 3rd one above it as it needed soemthing else. I hope I have photos someplace. I haven't caught up with photos since they went into storage.
Good luck in finding something lovely and feminine and yet very practical for the girls.
A lot depends on what the girls like. Are they into sports or still in the girly look? It is always a good idea to have a place for makeup and desks for working so can you find a place to work them in? Might even have bunk beds to be able to get more floor space for desk. If you can do 2 desks so each girl has their own area, they can double as computer and homework place and also makeup spot. but each girl needs her own. Maybe even check out dorms and build it more like a college dorm. There they have 2 twin beds and then usually 2 desks, one for each and a closet each. That is about all that goes in a room. A book shelf or even a hutch over the desk is good to put keepsakes and books and supplies. You may be able to pick up desks and huth at a consignment store or a thrift store. I got mine there at the senior center thrift store. You might be able to let them share a printer if the desks are side by side or you have a wireless printer (wireless not in electric but in connection to computer. If girls are going to collee, as they near it you might consider a laptop for each. Some families like to keep the computer in a family area rather than bedrooms though because of the stuff on the internet and they can monitor them.
As to colors, you can keep walls neutral and decoraete using posters or prints. No more princess stuff for teens, but do include fluffy pillows for the beds. If there is space, separate rooms is nice for teir friends to visit.
You can even do a diagonal line across two opposing walls and paint one side one color and one use the diagonal lines to divide the colors and the colors extend for their side only. Then soften it with curtains that pick up both colors and also using posters or framed prints on the walls to break it up. Can do the same with neutral walls. There are also stencils you can put around the top of a room. I did some roses and purple star flwoers with green leaves and it was like an arbor almost and the kids called the room the rose room or the princess room as they felt like princesses in there. But walls were white. I had spreads with big red peonies that almost looked like roses and it had purple star flowers and green leaves so the roses which were very full, looked almost like the spreads and I used red and purple and green in the room. The carpet was even white and I used wool oriental rugs by the bed and a stained glass lamp shade with roses and a Grecian girl brass base. Had to call it the rose room when any of the fewer boys ame to stay. Or let the girls stay there and the boys could stay on sofa or in the big blue big chairwith ottoman. Unfortunaately we have downsized now and don't have all the space we did then as we went to a small cottage and a mobile home. But you might find a stencil the girls like and put it on the walls, either in random patterns or as a border at the top or even dropped down a bit as mine was. I did the stencils around and then did just the roses and no star flowers about every 3rd one above it as it needed soemthing else. I hope I have photos someplace. I haven't caught up with photos since they went into storage.
Good luck in finding something lovely and feminine and yet very practical for the girls.
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Title Post: Should I buy a new home or start a bussiness?
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Rating: 97% based on 9598 ratings. 4,8 user reviews.
Author: Unknown
Thanks For Coming To My Blog
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