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All Forum Posts by: Kade McCammon

Kade McCammon has started 2 posts and replied 4 times.

Post: Getting rid of my car because it is a liability

Kade McCammonPosted
  • Anchorage, AK
  • Posts 5
  • Votes 4
Matt, due to the time of year we're leaving my wife and I do not think it's the best idea to drive from Alaska to New Mexico in the heart of the winter or else I would. That is still an option but that would be my last resort. The taking over payment thing could work but it's going to be hard to find someone to take over payments where the balance is more than what the vehicle is worth. Also it's a Camaro. I know I Know. Trying to sell a Camaro in Alaska is like trying to sell a beach house in Idaho. Odds aren't in my favor. However I do have it listed on Craigslist, Facebook, etc.

Post: Getting rid of my car because it is a liability

Kade McCammonPosted
  • Anchorage, AK
  • Posts 5
  • Votes 4
Thanks Mark. So I won't have an issue with transportation for the time being and I leave here in 4 months. I am able to have a vehicle at my next duty station. The only problem is I would have to pay to ship the vehicle there because they will only allow me to ship one vehicle and were already shipping my wife's. . It would cost roughly 3-4 thousand to ship and if I want to get rid of it anyways why waste another 3-4 thousand and still be 20k + in Debt. And yes I would have enough money by the time I get to my next duty station to purchase a 5k vehicle.

Post: Getting rid of my car because it is a liability

Kade McCammonPosted
  • Anchorage, AK
  • Posts 5
  • Votes 4
Hello Bigger Pockets community! So I'm still brand new to REI and just finished reading Set for Life and am now finishing rich dad poor dad and also just started finding and finding great deals. So I've made the decision to be financially free however there are some decisions I made previously that hinder my goals. The one I'm focusing on now is my current vehicle. I have a loan on it with a $23000 and it is probably only worth 20 on the private market and about 16-18 thousand to a dealer. So my question is it worth it to sell it to a dealer and just get a signature loan for 5 thousand max to get rid of the debt and save myself well over 15 thousand in the long run or just keep the car and continue to pay close to $400 a month and hurt my savings. I need to make a decision soon because I am leaving where I live now due to the military and may not be able to take the vehicle with me. I would plan on buying a commuter vehicle for 5 thousand or so once I move not another big loan. Also I don't have the money saved right now to pay off that difference or I would. But I will have the money saved up by the end of next year to completely pay off that 5 or so thousand if I keep saving the way I have recently started. Also how much will a signature loan effect my credit. Thank you guys. V/R Kade McCammon

Post: Just getting started

Kade McCammonPosted
  • Anchorage, AK
  • Posts 5
  • Votes 4
Hello Everyone, my name is Kade McCammon and I am 21 YO military member from Springfield, OH currently living in Anchorage, AK. However, I will be moving down to Albuquerque, NM early next year. I am also married. My boss introduced me into the bigger pockets podcasts just recently. My overall goal is to reach financial freedom by the time I am 30 through real estate. My time in the military is up in three years and I have decided that it is not the path for me due to my belief that income should be based on performance and many other reasons. I am interested in house hacking for my last three years and learning all about investing in real estate, house flipping, and whole selling as well. I am thinking about getting my real estate license as a fall back for when I get out of the military and use it as a way to get into and learn about the industry. I am interested in any input or recommendations and just ready to soak up info and make connections. Thank you guys.