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I own 6 acres of Land. What should I do to not be a debt slave?

 
Anonymous Coward
User ID: 70453243
United States
03/05/2017 05:37 PM
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I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.


We are considering the following...


Storage Container homes that we can build up gradually


and


modular homes.



We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)



What should I do?
Porkchop 69

User ID: 71345460
United States
03/05/2017 08:17 PM

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Re: I own 6 acres of Land. What should I do to not be a debt slave?
How about find a house plan that you like and find a local builder to be working on it.

Hint: Fancy roofs with lots of corners and angles cost a bunch and you never know it's up there when you're inside. Keep the house, simple, but not necessarily small. Build Double wall construction (two separate 2x4 walls 1 foot between them filled with celulose insulation)
May I suggest a FourSquare (old fashioned) floorplan? That optimizes outer wall to interior space.
Texas style mini-mansions make me sick with all their useless labor.
Put an elevator in it to appeal to your father-in-law's snooty attitude.
I don't have the time or the crayons to explain this to you.



Slake Blake
Hopi
User ID: 67848085
United States
03/05/2017 08:18 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.


We are considering the following...


Storage Container homes that we can build up gradually


and


modular homes.



We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)
No bank loans and prep


What should I do?
 Quoting: Anonymous Coward 70453243
Anonymous Coward
User ID: 73538092
United States
03/05/2017 08:18 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.


We are considering the following...


Storage Container homes that we can build up gradually


and


modular homes.



We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)



What should I do?
 Quoting: Anonymous Coward 70453243


if hes not footing the bill why the fuck are u listening to him?
Anonymous Coward
User ID: 72267068
United States
03/05/2017 08:41 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Multiple family home multiplying your return. The more the merrier....
Anonymous Coward
User ID: 13023739
United States
03/05/2017 08:43 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
I value freedom more than anything.

I have a wife

 Quoting: Anonymous Coward 70453243



epiclol
Anonymous Coward
User ID: 73951238
United States
03/05/2017 08:46 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Sell it and move to Iran. Or North Korea. Syria...

Non Rothschild/global banking cartel countries.

You might do ok in Iceland if the above suggested countries seem a little daunting.
Anonymous Coward
User ID: 74265324
United States
03/05/2017 08:51 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
I value freedom more than anything.

I have a wife

 Quoting: Anonymous Coward 70453243



epiclol
 Quoting: Anonymous Coward 13023739


bumplmao
Anonymous Coward
User ID: 74265324
United States
03/05/2017 08:52 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Grow weed.
Anonymous Coward
User ID: 51816458
United States
03/05/2017 08:52 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
earthship home
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.


We are considering the following...


Storage Container homes that we can build up gradually


and


modular homes.



We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)



What should I do?
 Quoting: Anonymous Coward 70453243


Earthship home. [link to www.youtube.com (secure)]
Anonymous Coward
User ID: 73538092
United States
03/05/2017 08:52 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
I value freedom more than anything.

I have a wife

 Quoting: Anonymous Coward 70453243



epiclol
 Quoting: Anonymous Coward 13023739


bumplmao
 Quoting: Anonymous Coward 74265324


rofl5
Anonymous Coward
User ID: 73874903
United States
03/05/2017 08:54 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Stop borrowing.
darth
User ID: 70183558
United States
03/05/2017 08:56 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
I lost everything I owned three times in my life and arrived at age 55 bankrupt and almost nothing.

But...I never give up.

Bought a failing company that owed loads to the IRS and paid...ZERO for the company.

Finally, had two good years and made some money. Bought 5 acres with a house that was totally trashed. The land was a bargain and I got the house for $10,000! No mortgage; paid cash for the house and land!

My wife fixed everything in the house, plumbing, wiring, dry wall, paint, etc.

Now, we will live here the rest of our lives. It is small, but totally adequate.

We now have a garden, fruit trees, and chickens. We will never go hungry.

Note: I had a cousin who put a mobile home/tornado magnet on his land. Then, he built a house himself working every spare hour buying materials with his weekly paychecks. Nice house, totally paid for. Now, he rents out the mobile.
Anonymous Coward
User ID: 70851936
United States
03/05/2017 08:56 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
you will never be "free" until you have land with no property tax
Anonymous Coward
User ID: 72763969
United States
03/05/2017 08:56 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
I just bought 5 acres and am planning on building Earthships. You can build a pimped out earth ship for less than $40,000.
You can also look into earth bag houses which are even cheaper.
Useless Cookie Eater

User ID: 74051512
United States
03/05/2017 08:57 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.
I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.

We are considering the following...
Storage Container homes that we can build up gradually
and
modular homes.

We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)


What should I do?
 Quoting: Anonymous Coward 70453243


Just another idea........

Anonymous Coward
User ID: 74335992
United Arab Emirates
03/05/2017 08:59 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Grow crops, sell heirloom seeds.

Heirloom seeds have a massive profit potential!

Look at the prices in "seeds of change" or "bountiful gardens". (and how much seed you get for the money).

buy small amounts of seeds from them...the first year you will be growing the crops and saving the seed for youself.

Next year plant all 6 acres with your seeds and make sh!tloads of money selling them.

Save enough seed to plant again next year.
Anonymous Coward
User ID: 888494
United States
03/05/2017 09:02 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
put a modular house on the property to live in and work on the 'big house' as money allows (no loans).
Anonymous Coward
User ID: 6379163
United States
03/05/2017 09:03 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Hemp for Victory!

militia
Anonymous Coward
User ID: 73750066
United States
03/05/2017 09:03 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
6 Acres without a neighborhood covenant is enough that you can plan on building multiple dwellings of which you can rent out all but your dwelling.

Keep 3 acres, and build one house per acre.

Now you have 3 rental properties which pay for the loan to build your house and all 3 other houses.
Anonymous Coward
User ID: 6379163
United States
03/05/2017 09:05 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
put a modular house on the property to live in and work on the 'big house' as money allows (no loans).
 Quoting: Anonymous Coward 888494


Yes. Strike a deal with a seller if per-fab homes. And set up a BnB that you market to yuppie Glampers.
Useless Cookie Eater

User ID: 74051512
United States
03/05/2017 09:06 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
6 Acres without a neighborhood covenant is enough that you can plan on building multiple dwellings of which you can rent out all but your dwelling.

Keep 3 acres, and build one house per acre.

Now you have 3 rental properties which pay for the loan to build your house and all 3 other houses.
 Quoting: Anonymous Coward 73750066


There may be zoning laws that prevent that.
Citizen1111

User ID: 73813482
Canada
03/05/2017 09:08 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Grow weed.
 Quoting: Anonymous Coward 74265324

yup1
Grow Your Own
Anonymous Coward
User ID: 71261836
Canada
03/05/2017 09:29 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.

We are considering the following...

Storage Container homes that we can build up gradually

and

modular homes.

We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)

What should I do?
 Quoting: Anonymous Coward 70453243


You own land? And you dont want to be a debt slave? Too bad, not gonna happen.

Its called property taxes.

If you have two young kids then build the home for your kids, not yourself and your wife. Your kids will resent you and call you a loser when they see their fellow friends parents homes/estates/property/asset value/etc outpace and outdo your own.

Having debt is inevitable (because its been made to be that way) but how you deal with your debt is what sets you apart from others. You can be stupid and have it work against you, or you can be smart and have it work for you.

Trust me, make your kids live in a modular storage shit home and by the time they are older they will call you a loser because they will ask why werent you smart enough or good enough to have abundance in your life. Then they will never listen to you again.
Anonymous Coward
User ID: 71261836
Canada
03/05/2017 09:32 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Multiple family home multiplying your return. The more the merrier....
 Quoting: Anonymous Coward 72267068


Until they go mental and murder you in your sleep or rob you blind.

Never let strangers into your home to live with you. Its a terrible idea.
Anonymous Coward
User ID: 16542667
United States
03/05/2017 09:35 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.


We are considering the following...


Storage Container homes that we can build up gradually


and


modular homes.



We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)



What should I do?
 Quoting: Anonymous Coward 70453243


tiny homes
Anonymous Coward
User ID: 74307830
United States
03/05/2017 09:38 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Grow weed.
 Quoting: Anonymous Coward 74265324

ohyeah
Anonymous Coward
User ID: 50488319
United States
03/05/2017 09:39 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Turn it over to the skinny jeans wearing millennials and their BLM and Antifa masters.
You are obviously white and do not deserve this property.

(sarcasm)
Bluebird1
User ID: 66433951
United States
03/05/2017 09:43 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
Check out hobbit houses. You can decide what you want and add to it if wanted. Not sure as to rules or regulations in your area but I find hobbit homes to be very artistic and I would think it would be fun to live in one with your own style and taste.

Also, check into free and clean energy devices that are coming out. They can run your whole house. No need to pay big bucks to get electric to your home and no need to have poles and wires on your land. No energy bills to pay and clean energy for your environment and family.
Tree of Life

User ID: 3617696
United States
03/05/2017 09:44 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
My father in law wants me to build a 400,000 home.

I value freedom more than anything.

I have a wife and 2 young kids. We are paying $1800 for their private schooling and that is a higher priority than owning a big ass mortgage.


We are considering the following...


Storage Container homes that we can build up gradually


and


modular homes.



We want our housing expenses to be no more than $1000 a month(including property tax in NJ which will probably be $500 a month alone)



What should I do?
 Quoting: Anonymous Coward 70453243

Excuse me for saying so, but the $1,800 monthly tuition you are paying for 2 young kids, I assume Elementary School level, is outrageous!
Why don't you homeschool them, give them a much better education, and have them help you build a nice two-story family home and workshop, maybe a barn too, with the money you would have given to teachers.
The building skills they would learn could be considered an education in itself.
"All you may know of heaven or hell is within your own self." - Edgar Cayce
Anonymous Coward
User ID: 47639330
United States
03/05/2017 10:02 PM
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Re: I own 6 acres of Land. What should I do to not be a debt slave?
If you value freedom what the hell are you doing in jersey????





GLP