1. This website uses cookies to improve service and provide a tailored user experience. By using this site, you agree to this use. See our Cookie Policy.
    Dismiss Notice

My New House - Very Excited

Discussion in 'BlackHat Lounge' started by blackhataffiliate, Aug 11, 2011.

  1. Jason_parker700

    Jason_parker700 Regular Member

    Joined:
    Sep 27, 2009
    Messages:
    364
    Likes Received:
    110
    Occupation:
    Blackhatting
    Location:
    Mira Road
    The money didn't come from cpa im sure. Congrats anyway.
     
  2. meathead1234

    meathead1234 Elite Member

    Joined:
    Sep 24, 2008
    Messages:
    3,849
    Likes Received:
    14,464
    How do you know that?

    You shouldn't make assumptions based on the fact that (I assume :) ) you don't make much in CPA yourself.
     
    • Thanks Thanks x 3
  3. wowhaxor

    wowhaxor Elite Member

    Joined:
    Apr 28, 2007
    Messages:
    2,020
    Likes Received:
    3,369
    Location:
    ?¿?
    Congrats on getting a home loan as an affiliate marketer in the current lending market! People tend not to understand and be very skeptical as to the long term of Internet money.
     
  4. BassTrackerBoats

    BassTrackerBoats Marketplace Mod, Jr Exec, Jr Vip Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    29,792
    Likes Received:
    57,766
    Location:
    As Close to Heaven as One Can Get!
    Home Page:
    4.01 is not bad money and if it' a 30 year fixed that is pretty solid.

    That's new construction, folks, once the home is built there will be landscaping around it; lawn, bushes etc. In many areas they just do a few feet of lawn around the home depending on the codes in the community and the contract with the builder.

    Lesson to be learned as indicated by wowhaxor, that this economic climate is not conducive to lenders handing out home loans and that the OP had to have all his T's crossed and his I's dotted.

    Guaranteed he had to give them 2 years of tax returns showing income that proves his debt ratio is not out of line when he closes on the mortgage as well as provide a decent down payment... keep good records folks and report the proper income and save the money you earn so when you want to buy your home , you'll have the ability to prove your income and the money required for the down payment and closing costs.

    @OP - nice looking place and nice job in your business... now pay that note off as soon as possible and after you pay that note off keep making those mortgage payments, only pay them to yourself in the form of savings.
     
    • Thanks Thanks x 4
  5. Dark Knight

    Dark Knight Power Member

    Joined:
    Nov 15, 2009
    Messages:
    739
    Likes Received:
    1,200
    Congress mate, I am in the process to buy a house. But in NYC house are damn expensive I want to move some other states or country side but grrrrrr
    anyway good luck and let us know whn you move there.
     
  6. blackhatjeiboy

    blackhatjeiboy Registered Member

    Joined:
    Jun 14, 2011
    Messages:
    77
    Likes Received:
    29
    Location:
    Somewhere in Asia
    Nice mate, more pictures please, I'm pretty jealous :)
     
  7. 229tom

    229tom Regular Member

    Joined:
    Jun 27, 2008
    Messages:
    220
    Likes Received:
    65
    lol bought on credit.
    How many years?
     
  8. blackhataffiliate

    blackhataffiliate Senior Member

    Joined:
    Oct 19, 2008
    Messages:
    847
    Likes Received:
    1,366
    Location:
    USA
    Thanks everyone for the kind words, we are excited and cant wait to move in. This is our second home, but the first was small and this one is going to seem like a castle. We just moved last year to NC and rented a 4 bedroom so I can have an office and I cringed every month I paid someone else so I made the move since my lease is up in Oct.

    The 4% is on a 30 year fixed with a very solid credit score and on a new construction home. We saw the floor plan and decided to buy before it got snatched and we get to finish it out the way we want. Just got back today from picking cabinets, paint colors, etc.

    The approval process is not as bad as I thought (kind of nervous at times), but I did have to answer some questions about my business and income. Since I am self employed and buying new construction the approval process was manual.

    This is what I had to prove for the loan. 2 years past tax docs, the last 6 months of deposit and of course credit scores. My wife works part time as a CNA and is in nursing school, so I don't know how much that if any factored in to the approval process.

    We have very little debt (until now) other than my monthly business expenses that get paid in full every month. I am a tight ass when it comes to what I spend on the business, so I make every dime count.

    If you live in a rural area check out USDA loans. 100% financing and easy approval process with credit and income. See the link below. We are doing fha, but this deal is awesome and if you qualify you need to lock in asap.

    Code:
    http://www.rurdev.usda.gov/Home.html
     
    Last edited: Aug 11, 2011
  9. BassTrackerBoats

    BassTrackerBoats Marketplace Mod, Jr Exec, Jr Vip Staff Member Moderator Jr. VIP

    Joined:
    Mar 10, 2010
    Messages:
    29,792
    Likes Received:
    57,766
    Location:
    As Close to Heaven as One Can Get!
    Home Page:
    USDA works for a lot of areas that are not rural as well... many people don't know that and the rates, as you can see from blackhataffiliate are not bad.

    PM me your username in my system, OP, we have a house warming gift for you sitting on our servers.
     
    • Thanks Thanks x 4
  10. fortunately

    fortunately Newbie

    Joined:
    Oct 17, 2010
    Messages:
    38
    Likes Received:
    8
    Congrats!
    Where are u living? What state?
     
  11. thedon23

    thedon23 Elite Member

    Joined:
    Dec 21, 2009
    Messages:
    1,759
    Likes Received:
    1,268
    Congrats man :) That must be one hell of a feeling!

    There are always those people who like to buzz kill everything. Why can't you just say something kind to the OP instead of making a smartas* remark?
     
  12. Autumn

    Autumn Elite Member

    Joined:
    Nov 18, 2010
    Messages:
    2,197
    Likes Received:
    3,054
    Occupation:
    Professional search engine spammer
    Location:
    Spamville
    Congrats blackhataffiliate, that's going to be an amazing home for you and your family. You've achieved something that 99% of so-called IMers wouldn't be able to do.
     
  13. becauseimhot

    becauseimhot Junior Member

    Joined:
    Aug 18, 2008
    Messages:
    117
    Likes Received:
    25
    Occupation:
    Coder pHp
    Location:
    Mars
    Home Page:
    This is really cool, congrats! I always find it to be sort of insane how people can manage to make so much money through affiliate programs and other sorts of online money making methods. It must be quite the life you have to live, what with earning a lot of money pretty passively I would guess. Your house looks fantastic, though. Even though its not finished (or is it now?). It just goes to show what people can look forward too in future earnings.

    If you don't mind me asking, how long did it take you to get the point where you could be a full time affiliate?
     
  14. blackhataffiliate

    blackhataffiliate Senior Member

    Joined:
    Oct 19, 2008
    Messages:
    847
    Likes Received:
    1,366
    Location:
    USA
    I personally believe anyone can do this and I hope people see this post and get motivated and stay in the game. Work hard, work smart and be smart with your money. If I can do this, anyone else at BHW can do this.

    I am not rich, but I am comfortable. What matters to me is being able to spend time with my family and have no one to tell me what to do. It could end tomorrow (please nooooo) and I consider myself to be blessed beyond all means. I take it for granted some times, but I have been blessed.

    As far as how long did it take me? I had to do it right away. I got laid off a few years ago while my wife was pregnant with my daughter and I went from making about 50K year and full benefits to $375 week unemployment to support my pregnant wife and son. So I did what I had to do and stayed at it until I got it right and when the unemployment ran out, I was banking enough to pay bills. I had to start over from zero once and that taught me to do better with my money. So now, I run it like a business and pay myself accordingly as well as contribute to a roth ira and an emergency fund. How did I get started? I spammed the crap out of yahoo answers and other sites promoting mfa sites and cpa offers. Now I do some w/h for long term and b/h for quick cash as well as have partnered with a family member to start a premium shared hosting company.
     
    • Thanks Thanks x 2
  15. blanko

    blanko BANNED BANNED

    Joined:
    Mar 16, 2008
    Messages:
    592
    Likes Received:
    126
    Hey bros, just finished building my vaca home.

    [​IMG]
     
    • Thanks Thanks x 6
  16. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    783
    Likes Received:
    1,419
    Is it true that if one wants to be successful in IM,they have to work just as much as a regular job,maybe even more?
     
  17. omniturbo

    omniturbo Junior Member

    Joined:
    Jun 12, 2011
    Messages:
    136
    Likes Received:
    230
    Occupation:
    freelancer
    Location:
    I for Internet AND I for India
    congrats man, may you have all success in future.But one minor error, the house you bought is your 3rd home i suppose as BHW is second.
    Good to see my fellow BHW members getting success and money.
    All the best for future.
    Thanks
    omni
     
    Last edited: Aug 11, 2011
  18. unknownn

    unknownn BANNED BANNED

    Joined:
    Dec 7, 2008
    Messages:
    827
    Likes Received:
    604
    Hi Blacky Congrats its really important to have an own place where you feel good and where you have much place.Its making working way easier :)
    Myself i just paid 2 months ago last payment for some real estates.

    But i would like to give you a small tip/warning. Its possible that Real estate prices will fall and if you didnt used much own money and the price of your Property will go down under the amount of your loan that the bank will request a one time payment of the diffrence.
    Please observe it so you wont get ever in trouble ;)

    Anyways i really wish you a great time there. Maybe you invite me once to your jaccuzy
     
  19. goins

    goins Jr. VIP Jr. VIP

    Joined:
    Dec 8, 2007
    Messages:
    268
    Likes Received:
    69
    Grats man, Keep up the work stay with it!
     
  20. teeniegenie

    teeniegenie Supreme Member

    Joined:
    Aug 28, 2010
    Messages:
    1,295
    Likes Received:
    664
    Location:
    The Cool Part of Vegas
    The United States...