Lou Schneider
Site Team
- Joined
- Mar 14, 2005
- Posts
- 13,331
I love being debt free, and have been that way almost all my life (I'm presently working to pay down two years of living off of credit cards following a divorce, the first time I've accumulated significant debt. My retirement pension and SS are still about 5 years away.) Being debt free is a very good way to start fulltiming. So you have that in your favor up front.
I think it's very unlikely you'll find your ideal motorhome the first time out. It takes living in one for a while to see what does or doesn't work for you. What if you get that 40 ft. diesel pusher then decide you really want something smaller that will fit into back country campsites?
I suggest starting with a motorhome that you can pay cash for, and live and travel in it for a while.
Decide what things you do or don't like about it, and what you'd do different when you purchase your "dream" one.
Maybe in a year or so, decide if you really want to sell your property - if you do, trade in your motorhome for your "dream" rig and use the sale proceeds to pay the difference.
If you decide not to sell, you can still trade in the rig and take out a loan using your property as collateral to get a better interest rate.
I think it's very unlikely you'll find your ideal motorhome the first time out. It takes living in one for a while to see what does or doesn't work for you. What if you get that 40 ft. diesel pusher then decide you really want something smaller that will fit into back country campsites?
I suggest starting with a motorhome that you can pay cash for, and live and travel in it for a while.
Decide what things you do or don't like about it, and what you'd do different when you purchase your "dream" one.
Maybe in a year or so, decide if you really want to sell your property - if you do, trade in your motorhome for your "dream" rig and use the sale proceeds to pay the difference.
If you decide not to sell, you can still trade in the rig and take out a loan using your property as collateral to get a better interest rate.