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ChickenOfTomorrow posted:I request an update on your Not much to update unfortunately. I talked to another lender and they were willing to offer me a personal loan for enough money to get a fiberglass boat but it was at %11 APR so I said hell no. Right now my only option in my mind at least is using my bonus that I get in April and put that towards a boat. That way I'll either be able to afford a larger down payment or just buy a really lovely houseboat outright.
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Dec 7, 2015 14:39
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MrKatharsis posted:Still waiting for an answer. It may hold the key to some of your insurance woes. No. I have no idea what a state safety boater card is or why I need it. If it helps with the insurance issue than I am all for it. This whole boat debacle has really been bringing me down lately. It shouldnt be this hard to get a loan for a boat. If I wanted to buy a stupid impractical car I could be out scooting around already. The boats I'm looking at are cheaper than a lot of cars even. I have heard that there are some companies out there that do house boat type mortgages. Hopefully after the holidays I can get in touch with them. A 15 year loan on a houseboat would be dirt cheap. I'd be saving even more money then SarutosZero posted:OP have you considered what you'll do if you get attacked by Minnesotan pirates?? I have a dog who I will train to knock intruders overboard into the icy river. Also they will have to break my plastic boat wrap barrier.
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Dec 8, 2015 16:27
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PineappleGod posted:Perhaps the OP should take a look at this Canadian TV series about (crazy) people living in houseboats in really cold conditions for inspiration. I'll look into these thanks! Bastard Tetris posted:Goddamn, a '07 Beneteau 45 costs as much as my condo. Guessing frozen houseboat guy won't be able to swing that. Sorry I dont want to be a boat shoe wearing rico suave like yourself. Maybe you should make a bad with money III: My Condo thread. No updates as of now. Probably wont be working on the boat project much until after new years. Since I can't get insurance or a reasonable loan my plan is to wait until I get my bonus this spring and try to go from there. I'm thinking that the used boat market is poor enough that I could work out a payment plan with an individual seller.
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Dec 11, 2015 18:26
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Veskit posted:What about insurance on the boat itself did you work that out yet? I've just gotten ballpark estimates on a few that I was considering buying but wasn't able to get an acceptable loan on. Nothing concrete yet. CellarDweller posted:Wise guy stuff I'm referring to the crap fix up boat market for buying plus looking in winter. Once the boat is fixed up and I turn around to sell it in the summer the market is a lot better. People are afraid to work on boats for some reason.
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Dec 11, 2015 18:45
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NancyPants posted:It's not bro, the title is a humorous reference. When you say actual budget do you mean my current apartment living budget or my projected boat living budget or both?
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Dec 18, 2015 05:18
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NancyPants posted:Both. And your stalling isn't fooling anyone but you. Haha, sorry I hadnt realized that not rushing blindly ahead without doing research and taking the time to get a good boat at a fair price was stalling. I'll make sure to go out and get any boat I can via payday loan this weekend. I'll try and post more detailed numbers later. But here is a rough idea of my home expenses in the apartment: Rent - $955 Insurance (car and rental) - $135 Netflix & Hulu - $17.15 Medical - $0 (I have a HSA and FSA through work payroll deduction) Gym - $50 Utilities - $65ish a month. I pay water and trash at my apartment which is a rip off. Internet - $50 Cell Phone - $45 Groceries - $250 (I budget $250 a month and am generally very close. Some months I'm $50 over and the next I'll be $50 under) Restaurants - $50 Booze - $50 (Again very close each month. Usually within $15 over or under each month) Household goods (this is my cleaner, trash bags, etc category) - $50 Clothing - $50 Miscellaneous - $100 (This category varies wildly, a lot of it is usually work expenses that I get reimbursed for) Dog Expenses - $100 ( This is honestly probably low. Last month for example I spent $329.60, $200 of which was a yearly exam, vaccine booster, and fecal test they do yearly. This month its been $15 so far.) Business costs - $100 (This is for my small personal business. Usually pretty far under this but once twice a year I need to make a big purchase so I budget to account for that.) Emergency fund -$200 Car Repairs -$40 Gifts/Charity - $30 Vacation - $200 (Not every month, just for months leading up to a vacation. Right now for example I am saving this much until February.) Car Payment - $271 Student Loans - $225 Total = $2900-3000ish Income - $1594 every two weeks net salary. $2-400 a month side business.
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Dec 18, 2015 15:34
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NancyPants posted:I didn't mean go buy a boat, I meant you are stalling and giving tons of excuses whenever it comes to numbers. You really don't need to post that you called a bunch of places and got rates and then never post those possible rates, and even now you're giving excuses and stalling when it comes to posting your actual numbers. You don't have to post 5 minutes after every request to say that you (might) do it later. http://www.boattrader.com/listing/1976-Watercraft-Houseboat-102612749 http://www.boattrader.com/listing/1984-Holiday-Mansion-38-Aft-Cabin-Custom-102154184 http://www.boattrader.com/listing/1970-BOATEL-HOUSEBOATS-47-Islander-102154217 http://www.boattrader.com/listing/1965-MILLER-MARINE-liveaboard-houseboat-102578948 NancyPants posted:If you want to make the financial side of it work, you're going to need to know how much the boat will cost and proposed interest rates if you (stupidly) choose to finance a boat. You'll also need insurance rates but even if you don't have that because you can't insure the thing without any boat experience, you should post the prices of any boats you'd conceivably try to buy. By the way, talking to a bunch of retired dudes about their payments does not constitute research because you will not get those rates (and also those loans were probably created 10+ years ago). I know you're not doing this already, so start keeping track of the cost of these boats you're looking at. NancyPants posted:Also: you do not have enough money saved for this. You said you have $8000 for a boat and $3000 in your emergency fund? That is one month of (optimistic) living expenses. Let's say, best case scenario, you are able to buy a boat for $8000 and it somehow sinks/burns down in a way that leaves you and your dog with no injuries and you don't have to spend any money retrieving the burned out carcass. Where do you and your dog live while you find a new apartment? What do you do if you can't find a place right away? How do you scrounge up a deposit and/or first month's rent? You can't just say, "Well nothing will happen to the boat" because people's actual homes burn down all the time, either through their own stupidity or that of their neighbors, and those things aren't even really exposed to the elements or have a bunch of mechanical parts to break down. NancyPants posted:Let's say you put down $8k on a $35k boat with 6.5%APR 20yr (they won't, but let's pretend): Not sure why you are skeptical of the business costs. I'm a IT guy who does stuff on the side. My only real costs this year have been business cards, web hosting, a couple of hard drives and taxes. Yes I do have a business license and yes I have been putting money aside for my taxes for it. I save %33 of each invoice for future taxes. Internet will stay the same as I will still need that. NancyPants posted:The amount that you budget for your car is very low; assuming you get quarterly oil changes at $40 a pop on your newish (God I hope) car, that leaves you $360 a year for other repairs or expenses like tires or mechanical problems. If they haven't come up yet, they will. It probably doesn't even pay your deductible should you get into an accident. I assume you need that vehicle to get back and forth to work and buy real groceries instead of convenience store poo poo, so absent all of your current car costs, you would probably pay more for food and various other goods if you didn't have your own vehicle, not to mention public transit costs. You have to renew your driver's license periodically (maybe yours is good for 20 years) but odds are you have to put tags on your car every year. NancyPants posted:This also assumes that you have no medical bills ever, or that your current contributions cover them as they come up, which is optimistic. It's also something that will disappear if you lost your job. If you are +/- 20% of your budgeted amounts for some things every month, you need to adjust your budget or you need to control your spending. You shouldn't even be considering this until you have enough for a proper down payment (ideally buying the fucker outright, but you'll see that as being impossible) AND having 3 months living expenses saved. Maybe it would help you to have your poo poo in order to think of it as buying an actual house; people who just decide they'll make it work without having their books in order tend to face foreclosure a lot. NancyPants posted:e: also you are saving $0 for retirement uuuuuuuuuuugh
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Dec 18, 2015 21:37
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Moneyball posted:Words Not at all a goon in the well situation. I'm not asking for help. Plus when I can finally pull the trigger on a boat I can start posting real numbers to see how much I am saving each month. Elephanthead posted:Has anyone recommend that the OP just try to squat possess a house? Surely there are tons of empty homes in the winter as older people flee the wind chill for Florida. Eventually one will die in Florida and no one will notice and the house is all his! I dont want to live in poverty. Most of these houseboats are really nice and more akin to being in a comfy cabin than anything else. Veskit posted:We can only dream he gets to the point where he attempts to buy this boat and live on it. Nitrox posted:Yeah, seriously. How about renting a houseboat for a week or two just to see how things go? I bet there are plenty of options come winter time Not really, I've looked into it and can't find much online there just doesnt seem to be a market for this sort of thing in winter for some reason. One positive development happened recently. My uncle has a large houseboat (two stories) and speed boat on a lake in a bordering state. This spring he has insisted that I spend a week out with him learning some basics. Hopefully I will have my boat by then already but he will be able to teach me enough to get by in time for summer when I will want to take some river excursions.
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Dec 31, 2015 21:22
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GoGoGadgetChris posted:"All you naysayers who said I'd never survive the winter at sea are gonna be eating humble pie once I move into a houseboat next spring" Unfortunately yeah it's starting to look like that. I just can't get anything but a high interest personal loan to finance a boat and am going to be forced to wait on my bonus. At least I'd have a summer of learning on the boat before winter in that case. I am still baffled by the banks in this situation. I have decent credit and make decent money but still cant get a loan. I COULD get an equivalent loan for a car. It just doesnt make sense to me. Someone mentioned renting a boat and I think thats a good next move. Going down to the marina and seeing if there are any desperate owners I can rent or rent to own from.
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Dec 31, 2015 21:42
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Hoo boy I got some bad news this morning. It looks like I'm not going to be getting a tax refund at all this year. In fact I'll be lucky if I can get away with owing less than a $1000 dollars. When I started my new job they hosed up my first paycheck, instead of taking out an additional $50 for tax withholding they gave me 50 EXEMPTIONS!!! Thankfully I got it fixed right away but its still a huge chuck of money. Then for some reason they still thought I had a couple of kids and have been giving me 2 exemptions all year long! Its my own fault for never checking again after the first mess up. I do have a copy of my original form I filled out specifying that I wanted to claim 0 and an extra $50 withholding but I doubt it does me any good at this point. Thankfully I've been keeping a little over a third of what I've been making from my side business to save for taxes. And I consulted with an accountant who went over everything I could count as a business expense for the year which should help me quite a bit as well. I'll see what ends up happening but this still puts a major dent in the future boat budget. Now for the good news. This same accountant has said that I may be able to get commercial insurance for a boat through my business a whole lot easier than I could as an individual. If I can figure out a business angle for needing a boat and or buying one I could get a business liability policy that would cover me the same. So I'm going to look into putting up some lame "off site storage backup" or "server farms" plan together to justify the purchase. That still means I need to get a loan to get the boat but it's at least one obstacle down.
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Jan 11, 2016 16:13
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SarutosZero posted:You should definitely lie to your insurance and get commercial insurance for your personal home The way it was explained to me is that it's not lying if I do use it for a business purpose. So if for example I do some "offsite" backups I could justify owning the boat as a business expense for that. I could also claim it as an office and not take the home office deduction. This was a real CPA not some backwater dock accountant either who I met with.
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Jan 11, 2016 17:07
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Devian666 posted:By server farm he means bitcoin mining rigs with faulty power supplies that will set the boat on fire. Even I'm not stupid enough to think that Bitcoin mining is worth doing. Uncle Enzo posted:Ok I think even my .003% knowledge of accounting is useless here, but IIRC even if you did put a server farm on your floating deathtrap, the only claimable business expenses from the server farm would be for the fraction of the boat/utilities etc that the farm takes up. So say your server farm took up 5% of the space on your boat, you would be able to count 5% of the applicable expenses as "business expenses". You can only deduct the electricity the servers used, not all your power, only the additional air filtration+ciculation, etc. I would not claim the boat as an office which is where a lot of you seem to be getting confused. So I wouldn't have to figure out or worry about the home office deduction. Instead I would just claim that I use it for something in my business for the purpose of getting it insured under my business insurance policy. And I'm not sure where you all get the idea that any boat not brand new and meticulously cared for sinks at the drop of a hat. There was story in the paper about a houseboat that just got abandoned in the river and stayed afloat for months without anyone on board that was causing an ice dam buildup. Boats want to float naturally its what they do. The only thing I'll have to worry about really is the occasional mechanical issue and creature comfort concerns like heating.
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Jan 14, 2016 15:44
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NancyPants posted:Well that and, uh, coming up with the money to buy it in the first place. You can't even figure out withholding as a W2 employee so you didn't get your sick refund but this whole thing will work because of the home office deduction? Ok. Way to not read anything I wrote. First off I do have my withholding fixed, my employer messed it up when I started, not me. I just didnt catch it when our accounting department messed it up a second time. It is for sure fixed now. Again I wouldnt be using the boat for the home office deduction!!!! How many times do I have to state this? Instead I would use the boat for a business purpose like entertainment or storage or something to insure it as a business asset. This would satisfy the marinas insurance requirement. You are right about not having enough money to buy it in the first place though which sucks. I have enough that with PMI I could probably go buy a house but the bank wants to be lame and not play ball.
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Jan 14, 2016 16:50
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NancyPants posted:Nope, I can read just fine. You filled out the form correctly and didn't check that your withholding was correct after accounting had already screwed up once, even though 10 seconds with a calculator would have told you it was still wrong. My comment stands. I filled out the form correctly and accounting messes it up. I discover the mistake and they said they fixed it. When my paycheck went down several hundred dollars I had assumed it was fixed, I was wrong to not check again but I fail to see how that is me messing up my W2. Its their fault not mine, not that it matters but the CPA I talked to said I had enough deductions that I shouldn't owe much if anything so its no big loss. I got the money just in my paychecks and not in one lump sum come tax return time. The insurance will cover the boat which would satisfy the marinas requirement. You are right in that it would not cover my individual possessions. Thats what renters insurance is for. I've given up on Wells Fargo to give me a loan and am going to start looking at companies that deal exclusively in boat sales, I think I'll have better luck with them.
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Jan 14, 2016 17:10
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NancyPants posted:But it's not going to be renters insurance because you'll own the boat, it would be homeowner's insurance. So how do you get liability coverage for the boat as a vehicle? I wont own the boat my corporation would own the boat.
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Jan 14, 2016 17:28
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SarutosZero posted:I really want to know what your boat company is going to be called and what the fake business will fake do. Please report back if you come to a decision about these. I already have a side business that's an LLC. That business would own the boat and I'd get to rent it as an employee of said corporation.
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Jan 14, 2016 17:31
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NancyPants posted:Considering you could barely afford it using sketchy numbers and a decent down payment above, you can't afford that. Also I think I am still wildly overestimating my costs. This is the result I get from the discoverboating calculator. I probably wouldnt even get a boat that expensive:  Thats half what my rent is! Even counting marina fees and maintenance I'm still a couple hundred a month ahead.
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Jan 14, 2016 17:40
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Quick update on living the boat life. First off my preliminary tax bill has come in and it isn't that bad. So far I only owe about $350. I'm still waiting on tax forms for some company stock I got and I still have some deductions to add for my side business but overall I think it'll be under $400, which isn't great but isn't as bad as I thought it'd be. Second update, I've been on a month to month lease for a while now. Finally my buildings management company gave me a form that basically said resign a year lease or pay $150 extra a month to stay month to month. That seemed completely unreasonable to me. I need a few months still to get a boat and need all the money I can get. So I took their form, scanned it, and changed it to only be $10 a month more, then signed it and handed it back. I got a VERY angry sounding voicemail from the building manager and have a meeting with them later this afternoon. I could be out a place all of the sudden and really need to find something quick. Hopefully I can get any type of house boat on an interim basis until I can secure a permanent one.
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Jan 25, 2016 21:08
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Dogcow posted:
They didnt have it singed or anything like that. It was just a form letter with my apartment number filled in and date to respond by. So I just took it and changed the amount, not fraudulent at all. If I'm expected to read every long winded legal agreement they send out they should have to read everything too.
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Jan 25, 2016 21:24
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Alright time for a quick update on the whole apartment situation. I bamboozled that sum bitch something good!!! Yeehaawww!!!! Funky Winkerbean more like Skunky Stinkerbean!!! Hahahahahaha I got em. Whew I need to calm down a bit. I'm flying high right now. Basically HE DIDNT READ MY FORM and turned it in to the management company! Hahahaha I'm still getting a chuckle out of this. So they're going to honor the agreement! Even better there is a two month notice period that either party has to give to end the agreement, so the earliest they can give me the boot is the last day of March! The size of the vein on the dudes forehead was so big you could plucked it right off with some chop sticks. Hahahaha I hornswaggled the poo poo out of him. That said he made it very clear that he would make absolutely certain that I never sign a lease there again or with any other building managed by the company. So all in all it was a much needed victory on the path to the boat life. Now i have some time to do my due diligence and get a seaworthy boat to call home. BaseballPCHiker fucked around with this message at 14:53 on Jan 26, 2016 |
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Jan 26, 2016 14:48
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Basically either party has to give a two month notice to terminate the agreement. So come February 1st the building manager will be giving me my notice and I'll have two months from that date. So i'll have to be out by March 31st. Hahahaha although I bet I could trick him again that old tired sack of scalloped potatoes. Hahaha I cant stop laughing at how red and pissed off he was! I bet I cost him a bonus or something, serves the greedy bastard right.
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Jan 26, 2016 15:12
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detectivemonkey posted:If it's one of those where they'd be you prices like "$50 to clean the sink if it's dirty, $75 to vacuum if needed" then the dude will nickel and dime him until the deposit runs out. Oh I'll get my deposit back %100 for sure. I took meticulous pictures before moving in and will do the same moving out. Learned that lesson already and even got to go to small claims court to get my money back. That Lisa Frank colored prune building manager is in for a world of legal pain if he tries to screw me on that. I put down a $200 pet deposit thats non-refundable but will get the rest back. So now I have a set timeline. Come April I need to be in a boat or homeless.
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Jan 26, 2016 17:20
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Veskit posted:If this isn't a troll, which I honestly can't tell, I legitimately think you should see a therapist if you think boat or homeless are your only viable options. I dont honestly think those are my only two choices. Just a goal. I think I've proven that I won't just move into any cheap boat. I'm taking my time to try and find a good one and get a loan for it at a reasonable rate. If I was as crazy as all of you think I am I would've just taken the insane personal loan at a crazy high rate and bought the first boat I saw. I'm not doing that. I'm taking my time to find a good one at a good price. Then the savings start rolling in. Edit: Internet The guy I talked to at the Marina earlier this winter had internet. I can't say how good it was, probably some form of DSL. When I get to the marina I'll talk to my neighbors. Ideally we could go all in on a fiber connection and I could setup some Ubiquiti gear to bridge it over to our boats. Not super worried about internet though. BaseballPCHiker fucked around with this message at 17:33 on Jan 26, 2016 |
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Jan 26, 2016 17:31
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NancyPants posted:Dude right on, saving money and sticking it to pricks! If things dont work out I can still get an apartment somewhere else. It's not like I'm blacklisted from renting ever again just because some idiot building manager didnt read his own paperwork. What is the building going to say if they get a request as a renters reference? "Uh he paid his rent on time every time and didn't destroy the place and was quiet. Never rent to again." And it was the principal of the matter, they shouldnt be able to raise rates that much just because they feel like it. They arent even charging that much for new people moving in by the time you factor in all the new renters incentives they get. As for the internet, you obviously dont have a clue about enterprise wireless. We'd get a business class connection and split it. Then I'd set it up with some sort of AAA method so I could have a log of who is accessing it, probably a simple RADIUS setup would work. Plus with the Ubiquiti gear I could setup secondary SSIDs with login portal pages. So that whole con of yours is bunk. Again I haven't spent any money on this since I'm waiting for the right financing and the right boat. You keep harping on me about using my Roth money as if thats the only retirement account I have. I dont know how many times I have to repeat myself but here goes, I have a defined benefits pension from my time in Alaska. And I have the Roth and I have my current 401k at work. It's not like I'm cashing everything in. Besides with the money I save in rent I can just throw that much extra at the Roth the next year.
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Jan 26, 2016 20:34
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Might have a lead on a boat! Going to talk to the guy this weekend!!! I have enough for %20 down right now but can't get financing for the rest because bankers are a bunch of unimaginative tuna heads. Hoping he is desperate to sell and will be willing to work out a deal, which from my limited conversations it seems like he would. The boat needs some work, but it floats and runs and is pretty roomy. Hopefully I can give him the %20 down and arrange payments with him later. Oh man this could be it finally! If this doesnt work out I might look into one of those lending tree type situations and see what is available. I refuse to deal with the bank and their %10 personal loan bullshit.
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Jan 29, 2016 15:17
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slap me silly posted:One criterion met! Does it float and run "good"? That's how you know when it's ok to buy the ancient shitmobile that's up on blocks in the rural south somewhere, is if it runs "good". Wondering if this applies to boats. Houseboats. Homeboats. Yeah from the listing and the brief chat that I had the "mechanicals" of it are fine. The engine and everything runs well. It's the interior cabin that needs work and the outside needs cleaned. It will probably also need the roof to be re-waterproofed or whatever the hell one does to a houseboat roof. So it's mostly cosmetic/comfort issues which I can deal with.
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Jan 29, 2016 15:28
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Well all you Debbie Downers ought to be pleased as punch. No boat for me this weekend. I went and took a look at it and it was pretty solid, better than I thought actually. Just dirty and filled with crap on the inside. The inside cabin definitely needs work to make it look nice but is livable as is. Unfortunately the guy is desperate for money and wasnt willing to work out a payment plan even with 1/4 down. So now I have to really scramble to find something or end back up in another overpriced apartment. I'm going to make some posts on some boat forums and put up some flyers and see if maybe someone would rent out there boat to me through the year, that would still save me some money and give me some good boat experience. All in all I feel as if my floating titanic of fiscal responsibility and fun just got sunk by the iceberg of reality and poo poo bankers.
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Feb 1, 2016 16:02
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SarutosZero posted:But renting isn't going to build the boat equity you wanted and you can't resell a rented boat. Agreed but I dont know what else to do. I dont want to take out that crazy %10 personal loan either.
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Feb 1, 2016 16:33
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spog posted:Surely the sensible answer is to get a bunch of credit cards? I'm not nearly as bad with money as you all wish/think I am. detectivemonkey posted:You don't seem to know that much about boat maintenance, so what are you looking for to make this determination? Standard kicking the hull, walking around looking. Checking for signs of mold and mildew, poor internal cabin framing, crap like that. I dont actually know anything about boat motors but it started up and puttered around. SarutosZero posted:He asked a few guys that were hanging around the marina I did ask a couple or river people yes. I also checked out a book from the library on boat maintenance a few months back when I was reading up on all of the different hull types and what not.
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Feb 1, 2016 17:47
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n8r posted:Pics of the boat/interior? I want to see what sort of squalor you're considering living in. Didnt take any. Was much nicer than what you are all probably imaginging though. The bathroom and kitchen were actually pretty nice and typical of what you would see in nicer cabins. So not full featured but nice and compact. Haifisch posted:But apartments are so overpriced, and he just can't compromise on having a smaller living space/longer commute/roommates like us plebians do. (Or on going back in time and not getting a dog if he's going to be that picky about apartments Apartments are definitely overpriced. I just read a story the other day that said that since younger people are starting to move out of their parents houses but cant afford to buy becase of a weak economy and crippiling student loan debt that the rental market is more expensive then ever. It's not like the place I have now is some super posh downtown loft. It's a small 1 bedroom that allows a dog. Finding any place that allows pets is hard. All the people who brag about their $700 one floor apartments with pets either knew someone who got them a deal or got extremely lucky. As to why I wont move into a van or something if I'm worried about cheap rent there are a couple of reasons. Number one is that living in a van would suck. The houseboat offers far more room and space and is really more like a floating cabin. Secondly I would worry about the health and safety of my dog and finally I wouldnt want to have to deal with the insane logistics of van living.
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Feb 2, 2016 20:27
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The Lord of Hats posted:Because this all has nothing to do with saving money, and everything to do with "this guy wants to live on a houseboat full time (in Minneapolis)", because he's all caught up in the idea of being able to go where he wants, without considering that probably of the majority of the time you aren't going to feel like actually putting in the effort to do so, and the rest of the time you're stuck in a small, questionably-insulated apartment with a bunch of maintenance issues that sways when you walk around. This very much has something to do with saving money as well. After running all the numbers and looking at rates should I take out a loan even a crazy %10 APR loan I would still come out ahead. Not by as much as I originally thought but at least a couple of hundred a month. That said I still think it'd be fun to do. And I dont know why people keep thinking these boats are so small. It'd probably be bigger than my actual apartment. That said I think my money problems will be solved once my Left Shark super bowl bet pays off.
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Feb 5, 2016 17:20
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Veskit posted:Lol hold on. Its simple, if the left shark guy shows up in the Super Bowl halftime show I'll be sitting pretty. Like sitting on the deck of a houseboat pretty.
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Feb 5, 2016 18:00
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I budget $300 each year for gambling. I typically spend $100 on baseball season prop bets, a $100 during the NFL season and then the last $100 on the Super Bowl. Last year I won big and came out about $500 ahead. This year I'm only up $50 and will probably lose it all during the Super Bowl but whatever its all good fun. I love the crazy NFL prop bets. Got some money on Lady Gaga national anthem going over 2 minutes too. But my big money is on Left Shark, that guy is awesome.
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Feb 5, 2016 19:12
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NancyPants posted:Since when are personal loans deductible? He can't get a houseboat loan. NancyPants you are going to be the first person I invite on board when I make this happen. You've been on my rear end about how stupid this is from day one! Also I'd like to point out to you that I didnt mess up my personal business tax I've saved that knowing I would owe and/or payed it quarterly to the state. The only tax thing messed up was my withholding from my day job. Still I think I'm going to just let this thread fade away. It'll be months until I have news one way or the other. I've got two months left to find a boat or a new apartment. Maybe by then I'll get a different loan rate or come into some money or just get lucky and find a good cheap boat with a willing seller. Who knows, the sea works in mysterious ways.
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Feb 5, 2016 22:45
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Alright so I figured I would give an update on the houseboat situation. I dont live in a houseboat yet and that sucks. I also have been scrambling to find a place to live short term in the interim as well thats fairly cheap. Having a dog makes finding an apartment complicated. Now for the good news. I had enough deductions that even after paying my tax preparer I got a refund! I owed about $100 to the state and got $600 back from the feds. Next year I shouldn't have this issue. I also got my bonus at work. I wasted about $500 of it on dumb poo poo, put a chunk towards my car loan, and then saved the rest. I also got a good deal on some bubbler motors at the flea market recently. Even if I dont get a houseboat soon I should be able to flip them for some money at a later date. Since my savings has crept up it has me thinking about just buying a house. As I see it I could save for another year or two and have enough to buy a cheap houseboat outright and still have about a months of wages in savings as an emergency fund. Or I could save for another 3-4 years and have enough for a down payment on mid level house. Realistically if I got the houseboat and did that for 4-5 years I could have enough to probably put like %50 down on a house and really set myself up well in future.
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Mar 21, 2016 15:14
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Krispy Kareem posted:You're just trolling us at this point, right? Because you were making sense until that last sentence where you started predicting how much you'll save long term living on water. No the idea is if my savings keep going at this rate, I could buy a houseboat outright and then just have maintenance and dock costs. Lets say at the extreme end that ends up being $600 a month. I'm still saving $5-600 a month then that can go into a house fund. So if I buy the boat outright and live on it cheap for 4-5 years I could put something like %50 down on a house, leading to way cheaper payments.
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Mar 21, 2016 15:53
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SarutosZero posted:Can the OP post again and let us know the state of his houseboat dreams? There have been a lot of supportive posts in these recent times of trouble waters after his last few posts Status is this: No houseboat in site, now desperately looking for short term apartment that takes dogs since I burned bridges at my current place. Work is getting lovely too so I'm looking for a new job on top of everything else.
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Mar 24, 2016 16:17
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Veskit posted:OP how is your girlfriend though? At least that relationship isn't in murky waters right? Everything is good on that front. I showed her some houseboats and she is starting to come around to the idea. She'll be done with her masters in December and wants to move out of state so long term we may be looking for a houseboat somewhere on the West coast.
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Mar 24, 2016 16:20
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Inept posted:Last day of your lease is today, BaseballPCHiker. Where are you going to live? Caves are damp, but warmer than living outdoors this time of year in Minnesota. I found a much shittier apartment that the girlfriend and I both hate. It's $200 a month cheaper but seems run down. Guess I'll see how it goes.
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Mar 31, 2016 21:59
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SarutosZero posted:But think of the rent you're saving. Thats money that can go directly into the boat fund. The $200 I'm saving is definitely not worth living in this place. Veskit posted:OP what kind of lease did you sign? 6 Months? Year? 6 month lease, by fall boat prices should be down again and I'll have some more money saved up.
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Apr 1, 2016 13:40
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