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Might be renting this house if everything goes through

bubinga

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Joined
Jul 26, 2014
Messages
12,744
Location
Bridgeport Ohio. (Across River From Wheeling WV)
Check out the garage! And could wrench in driveway too.
All my Wood Working tools are on mobile bases, So may even be able to get a/my car in there.
That's all I'm worried about...LOL....Is the garage.
 

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Daedalus

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Sep 28, 2009
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That's all I'm worried about...LOL....Is the garage.
Probably common on this board. Both my starter house and my current house were bought because of their garages. Congrats! Do any mods/upgrades before moving in. Cleaning, installing lights, etc. Painting too, if the owner doesn't mind.
 

Rivguy

New member
Joined
Apr 4, 2018
Messages
3
Location
S.F. Bay Area
It helps if your Wife or significant other s/o is on board with your need for garage space and is supportive of your interests. I'm pretty lucky my Wife of 35 years is pretty cool that way. Good luck in your search.,
 

blair683

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Joined
Feb 21, 2017
Messages
460
Location
Ohio
Gas and oil workers drove rent prices sky high here in Ohio as well. Slumlords are renting junk houses fully furnished for big money. Most rent is paid by the gas and oil companies. I bought my house without a garage. I survived 5 years with a 12’x20’ prefab shed. I then built my garage. Buying is the way to go with out a doubt. But I understand that everybody are in different situations.
 
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Augus7us

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Joined
Jan 14, 2017
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1,190
Location
Central Ohio
Gas and oil workers drove rent prices sky high here in Ohio as well. Slumlords are renting junk houses fully furnished for big money. Most rent is paid by the gas and oil companies. I bought my house without a garage. I survived 5 years with a 12’x20’ prefab shed. I then built my garage. Buying is the way to go with out a doubt. But I understand that everybody are in different situations.

I rented for years and regret it. If you can buy, buy! But I get it I had issues preventing me from buying.

Where in Ohio are you referring?

-Clint
 

blair683

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Joined
Feb 21, 2017
Messages
460
Location
Ohio
Bubinga them counties are not far from me. I work with a bunch of people from Belmont and Jefferson counties. I live in Tuscarawas county. Just be patient something will come up and maybe something better than the one that you couldn’t get.
 

Parrothead

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Apr 27, 2014
Messages
5,346
Location
Earth
I rented for years and regret it too. Money Thrown away paying the landlords mortgage IMO.
But I'm not in a position $$ wise to buy, and I am 62 years old.

Just an FYI, age has nothing to do with your ability to get a loan. You can be 104 and if you're qualified for a 30 year mortgage they have to offer it to you according to federal law. Age discrimination laws in lending are real. Ask ANY lender if your age factors in approval.
 

coljar

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Joined
Sep 26, 2010
Messages
6,244
Location
Belpre, Ohio
Gas and oil workers drove rent prices sky high here in Ohio as well. Slumlords are renting junk houses fully furnished for big money. Most rent is paid by the gas and oil companies. I bought my house without a garage. I survived 5 years with a 12’x20’ prefab shed. I then built my garage. Buying is the way to go with out a doubt. But I understand that everybody are in different situations.

For the last few years, I've been renting to the resident doctors that come in to the area local hospitals. One, that him and his wife became close friends of my wife & I told me that we needed to raise our rents, because we had far nicer places than other residents were renting for as much as $500.00 more. I raised them $75. We get along fine without taking advantage of a situation.

Besides that, those oil & gas companies are already leasing from us to park a few of they're derricks.
 
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Parrothead

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Joined
Apr 27, 2014
Messages
5,346
Location
Earth
For the last few years, I've been renting to the resident doctors that come in to the area local hospitals. One, that him and his wife became close friends of my wife & I told me that we needed to raise our rents, because we had far nicer places than other residents were renting for as much as $500.00 more. I raised them $75. We get along fine without taking advantage of a situation.

Besides that, those oil & gas companies are already leasing from us to park a few of they're derricks.

I'm doing the same thing in a similar scenario. I know I am cheaper than the rentals in the area, and I have the nicest place BUT...I then get my pick of the litter for renters. I only take those with a credit rating of 600+ and so far nobody's been below 650, and our current is over 700. A good deal of landlords don't realize it's cost effective to be a little bit cheaper and keep the place full with quality renters than it is to make an additional $100 a month. Mine has been vacant for 1.5 months total in 8 years. National average is 2 months empty out of 12, or at least it was when I started being a landlord. I also only do two year leases. And the current tenant is up for renewal this May, and rent will increase 8% and I'll still be below average for the area and they've already agreed to stay. Yes, unfortunately I still am paying the mortgage, but rent is 68% over that cost. Easily covers repairs and taxes. :D

Oh, and my whole point...rent is only going to go up for the next few years. There aren't enough homes for first time buyers and builders aren't catering to that market due to cost and building codes.
 
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bubinga

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Joined
Jul 26, 2014
Messages
12,744
Location
Bridgeport Ohio. (Across River From Wheeling WV)
I'm doing the same thing in a similar scenario. I know I am cheaper than the rentals in the area, and I have the nicest place BUT...I then get my pick of the litter for renters. I only take those with a credit rating of 600+ and so far nobody's been below 650, and our current is over 700. A good deal of landlords don't realize it's cost effective to be a little bit cheaper and keep the place full with quality renters than it is to make an additional $100 a month. Mine has been vacant for 1.5 months total in 8 years. National average is 2 months empty out of 12, or at least it was when I started being a landlord. I also only do two year leases. And the current tenant is up for renewal this May, and rent will increase 8% and I'll still be below average for the area and they've already agreed to stay. Yes, unfortunately I still am paying the mortgage, but rent is 68% over that cost. Easily covers repairs and taxes. :D

Oh, and my whole point...rent is only going to go up for the next few years. There aren't enough homes for first time buyers and builders aren't catering to that market due to cost and building codes.
How long do you think all the oil and gas workers and pipeline guys, from out of town, working in northern WV area
And across the river in Ohio will be going on?

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