capngeo
Dryer sheet wannabe
- Joined
- Jan 17, 2012
- Messages
- 14
Oh, BTW, I meant to mention the property I’m living in right now has a 7.5% mortgage. The reason is because it is a “legal non-conforming” property in that it is 3 family in a single family zoning area. I could not get a bank mortgage because if it were destroyed, I could not re-build in the current configuration. I had to go with a private mortgage which I got 10 years ago (7.5 didn’t sound so bad at that time); It balloons in October 2013.
I have approached a few banks about refinancing this property.... I think they are still laughing!
Michael.... Plan “B” is to keep working, but not for the Fire Dept. As a paramedic, I can cross train to Registered Nurse in a few months, or work as a medic on oil rigs (2 weeks on, 2 weeks off) for ~$100K/yr. I have several friends who retired from the FD and went to the oil industry working as medics. I’m not nuts about being “gone” 2 weeks at a time, but the $100K for 26 weeks’ work isn’t bad. Also my S/O is a RN and is still working; she is not planning on retiring until I get settled in and have a steady retirement income stream in place.
I have approached a few banks about refinancing this property.... I think they are still laughing!
Michael.... Plan “B” is to keep working, but not for the Fire Dept. As a paramedic, I can cross train to Registered Nurse in a few months, or work as a medic on oil rigs (2 weeks on, 2 weeks off) for ~$100K/yr. I have several friends who retired from the FD and went to the oil industry working as medics. I’m not nuts about being “gone” 2 weeks at a time, but the $100K for 26 weeks’ work isn’t bad. Also my S/O is a RN and is still working; she is not planning on retiring until I get settled in and have a steady retirement income stream in place.
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