Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

400
Posts
432
Votes
Scott Hollister
  • Rental Property Investor
  • Connecticut
432
Votes |
400
Posts

Would you buy Thomas Jefferson’s 18th century home?

Scott Hollister
  • Rental Property Investor
  • Connecticut
Posted

One of my passions is Real Estate. One of my favorite books: Rich Dad Poor Dad by Robert Kiyosaki. He recommends changing your mindset about money, instead of saying "we can't afford that", ask yourself "how can we afford that?"

Next week, the Monticello House in Somers Connecticut is going to a no reserve auction. Right now you can buy it for 4.9m. Here is a 30-year fixed mortgage S. Prestley Blake: (Owner who built this house, known for co-founding Friendly’s)

Down Payment: 980k

Monthly Payment: $20,710

Most lenders suggest that you spend no more than 28% of your monthly income on a mortgage. So you would have to net about $920,000 a year to "safely" afford this home.

I went to the open house yesterday and the property was stunning. Even though I am currently not in the position to afford this house, I had other reasons for attending:

1) This property is in my backyard

2) I wanted to meet Eagles

As a teacher I often tell students who are struggling about The Eagle and the Chickens story.

There’s an old, well-known story of a chicken farmer who found an eagle’s egg.

He put it with his chickens and soon the egg hatched.
The young eagle grew up with all the other chickens and whatever they did, the eagle did too. He thought he was a chicken, just like them.

Since the chickens could only fly for a short distance, the eagle also learnt to fly a short distance.

He thought that was what he was supposed to do. So that was all that he thought he could do. As a consequence, that was all he was able to do.

Yet there was something within the breast of the great bird that knew there was more to life than the barnyard. So as the eagle grew and developed, its discontent became more and more evident.

One day the eagle was scratching in the barnyard. With all the other chickens a big storm came upon the farm. The eagle felt a stirring that it had never known! Its powerful wings spread and lifted the eagle easily up to the top of the barn.

A feeling of confidence and power came over the young eagle and it knew instantly that it was not meant to just survive like all the other animals.

It was destined to fly and soar above the storms and seek its own world where most fear to go. 

I want to encourage you today that you are an eagle. 

You may have been brought up in a situation that limited your understanding of your potential, but it's time now for the past to lose its hold on you. 

Don't die thinking you're a chicken.

Soar high, just as you were meant to.

Be all that you are meant to be!

Surround yourself with smart and successful people. 

To bid on the property: Put a 100k in escrow and POF for 3 million by Sunday night.

I will attend the auction and fill you in on the details next week!

Heres the zillow link: 

http://www.zillow.com/homedetails/732-Hall-Hill-Rd...

Most Popular Reply

User Stats

355
Posts
190
Votes
Sarah Lorenz
  • Specialist
  • Ann Arbor, MI
190
Votes |
355
Posts
Sarah Lorenz
  • Specialist
  • Ann Arbor, MI
Replied

 But what if you're a chicken being raised by eagles?

Loading replies...