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17 Feb ’12
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Thats pretty much my main concern. I may have a very exciting project in the works that I will post about soon. 7200 sq ft worth of a project.
15 Feb ’12
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you starting a gym?
5 Mar ’12
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A 3 hour daily commute I think would be a deal breaker. If you added up your gas costs I think you would see your savings per month would be much less. Also, just in practical terms, losing 3 hours a day to driving would stink when starting up a homestead. You would lose 1.5 hours in the morning and at night when you could otherwise be doing chores. Plus wouldn't your kid be riding with you each way since daycare is close to your work?
I don't know the area -- could you find something similar that is closer to your work?
23 Feb ’12
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I had a 2 hour daily commute off and on for about 2 years. I don't know if you've ever done it before but it ruins your life. Buy raw land closer to where you need to be and build a cabin on it that has a shitter. I bought my little lawyer homestead precisely 5 blocks from my office. There were bigger properties, farther out, but there's just no way to get that time back. You'll have no time to do anything with that kind of a commute. It'll be dark when you leave and dark when you get home. You'll be a slave to the drive. Not worth it.
18 Aug ’13
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get it then find employment closer [ easier said than done these days ], if you do decide to get it , do your homework first , there may be some hidden reason there is not any running water , etc . on the property.
17 Feb ’12
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So I was browsing listings in rural areas within a 1hr commute to work and found a gargantuan place. 7400 sq ft. It was owned by a guy that got popped for dealing cocaine and counterfeiting money. Its a HUGE house with a 5 car garage and sits on 5-10 acres, depending on which lot plan you look at it. Comes with a pond as well. Its in decent but outdated shape. I think it has 6 or 7 bedrooms. My initial thoughts are to try for USDA financing since it qualifies for it. The bones are good but half the roof needs to be replaced. EVERYTHING is outdated but serviceable. I could rent out the guest house over the garage and what I got from that would cover the mortgage, so I could live for free. I'm torn between trying to make it a hunting lodge since its next to conservation land, or trying the B&B route. Not sure what to do. It has a giant room with a big fireplace at the end and huge exposed beams, which has me thinking we could rent it out as a hall for wedding reception type of stuff. Wasnt really looking for this kind of project but the real estate investor in me is excited over the prospect.
17 Feb ’12
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Oh, and far as the commute, I work a solid 630-3pm shift every day. So I'd have plenty of time left in the evenings for projects, family time, whatever.
23 Feb ’12
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Getting something that's closer and provides some income potential sounds like a way better idea to me. There will always be land out in the sticks, buy that as a bugout/hunting lease once you have your real homestead established. Even if you have time after the commute, you still lose the time you've commuted and you might be overestimating how much a drive like that will take out of you.
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