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Message: <blockquote data-quote="HoLeChit" data-source="post: 3609227" data-attributes="member: 35036">Alright, sorry about the asking the question and dissapearing, have had a ton of stuff going on. I was gonna go through and quote messages and answer each one as fit, but that's just too much. I'll summarize everything into a few posts, If I miss anything, let me know.One: In terms of renting vs selling:I don't think I could ask for a better place to rent out. My house is perfect for it. [USER=15054]@swampratt[/USER], think an extra $500 over what you mentioned I could rent my place out for. At least in the current market. Next year it could be $100 less than your estimate. BUT there's a few catches. If I decide I don't wanna be a land lord due to instability, busy with my business, starting a family, stress, etc then I would be selling my house in a year or three. When that happens, my home will be considered an investment property. When selling it as an investment property, I pay capitol gains tax. Right now, capitol gains tax is roughly 20%. But according to Forbes we're in for some good ol tax hikes on the horizon, like this fall. What they say:  if I were to sell it now, I pay no taxes. In the future, I may pay 15%, I may pay more. With the tax hikes I have heard that the 15%tax  may turn into 27% capitol gains tax. That means my break even (as opposed to selling my house now) is after 14 months of renting. This is assuming that I have zero time vacant, nothing in the house is broken or needs replaced, no late payments, no costs out of pocket, my home value doesn't drop from this all time high (which it will) and I'm only paying 15% capitol gains tax. Thats also assuming that my home value doesn't drop due to the market collapsing or supply skyrocketing, which will both likely happen soon, as the investors buying homes will soon be dumping homes into the market, the cares act forbearance disappearing into the wind, and the fragile economy and rampant inflation causing tons of people to foreclose on their homes in the next year. The fed is also almost guaranteed to raise its rates this fall after the elections, from what I have heard. from what I was told, investors and hedge funds are buying homes at over market, writing them up as a loss, depreciating the homes, and plan on dumping them back onto the market at a loss in the near future to offset the capitol gains increases. This is bad all the way around for normal people. Assuming the market future I honestly estimate it would take me several years of renting just to break even on the point where I am at now. I know, I know, assuming is bad, but I'm trying to play it safe and I don't even know that I want to be a landlord at the moment. Also, selling my home now and pocketing the cash means that when supply explodes and prices plummet in the next year or three I can be ready to jump on the perfect piece of land that I want, when it becomes available. I'll have the buying power of my proceeds from the home sale, combined with my now nonexistent mortgage payments being saved up.Two: In terms of getting married, all that jazz. I am not religious, and neither is she. But both of our families are, and her family is comprised of faithful churchgoers and lifelong pastors. Yeah, we technically don't have to get married, but its how she was raised and what they want to see as well, and we want to get married. Guess we're kinda old fashioned.nGetting married before we have kids is essential in our eyes, and to top it off, the benefits she gets/our kids will get from the VA due to us being married will be too much of a benefit to pass up on. As it stands, my family will have mostly free healthcare and paid college for any dependents that I have through marriage. Also, in the event of my death, she would get a fat check for a good amount of time, if I am not mistaken. I believe in sharing finances to an extent. What we had before getting married is ours. Her house will forever be hers. My house is mine, as are the proceeds from the sale. While there won't be much need, a prenup is definitely something that we will get, as we have both dealt with divorce in our lives with our families, as well as me personally. I guess our future plan for finances is kinda like what we have now, where we pay bills/living expenses proportionally according to our finances, and what is ours individually (investment property/cars/credit cards) are paid by ourselves. When we start a family she wants to stay home most of the time with the kids the first few years anyways, so I guess sharing finances will be a must anyways. But she can still provide enough income to pay for her house when that time comes, and the profit from renting it out will supply her with spending money anyways.Three: With my dads old place, We got in touch with the attorney. He seems to be sitting on it until my mom gets frustrated and lets him and his "buddy" sell the place for her. But after being harassed about it he stated that she could use a realtor to sell the property while in probate. So we're working on doing that. As mentioned earlier, we'll have to include a clause to say that the home needs to be removed or find someone who will remove it for free. I like both of those ideas, just gotta wait til my mom gets around to calling my realtor to make it happen.</blockquote>

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