Category Archives Real Estate investing

So it's only been a week since I found the real estate investment of my dreams.  It was in the location I wanted - The historical district.  It has the brick walls, wood floors, all updated and new appliances and kitchen with a granite countertop.  The numbers worked...  It was a dream come true and I was ready to sign on the dotted line. Inspection?  I don't need an inspection.  I walked around and I'm a savvy home owner and I know my stuff... And walk around I did.  Everything looked great! Luckily, I was smarter and had an inspection with a home builder I knew and trusted.  All of a sudden, all of the issues started coming to light. …

So our first try at this fell through as I mentioned in a prior post This time, instead of a single family dwelling, I've decided to go with my gut and stop chasing every penny of profit and go with something I feel will be a good long term, no hassle purchase.  It's a townhouse but in the historic district of a growing city nearby.  Brick, all redone, and looks amazing.  There is a nominal monthly fee, but that covers water, sewer, outdoor maintenance and plowing (We northerners need to take that into account). I made an offer for only a little under.  They actually had three showings the next monday but offered to cancel if I wanted to pay…

Where to start... Came home at lunch and saw the chickens just walking around the coop. Something got it again and well, the chickens got out of their run. Went down and only saw two of the 6. Then slowly they came out from hiding until they were all accounted for! No idea. The run fence was torn open, but my feisty chickens all lived. Promptly ran down to the hardware store and purchased more chicken fence and put it up. Also put up some rabbit fence. It was also needed. The house we put an offer in on for a rental fell through. They got a better offer. That's fine. Wasn't going to work at a higher number for…

I've got a bone to pick. This has been bugging me for quite some time now.  Exactly why are we still using realtors?  I have found almost no use for them.  Now I bet there are some great people out there...  but I have yet to find one. In today's age of online searching, photos, heck videos, exact locations, etc.  All a realtor is now is the person with the key to get inside. When we purchased our lake house a few years back, I had such high hopes for a realtor.  I couldn't wait to get one.   Sure I looked all over zillow and realtor.com, but a realtor would know all the inside information and gossip on what was…

Got the call today that we are approved to make that next, albeit nerve wracking, step towards purchasing an investment property.  We have our eye on one.  Said we would visit it last weekend.  We didn't.  Maybe I'll see if it's still there this Saturday to go see.  If it is, maybe it was meant to be.   Regardless, I'm not out to buy something just to buy something... But I on the other hand I do what to buy something.  Hmmm...   This diversification of my current portfolio is going to lose me money in the short term.  I've sold stock to fund this purchase that has been up 30% over the past 12 months.  ADP to be exact.…

Today was the first step.  I filled out the pre-qualification for the loan.  Need to have that done first and foremost.  Next I have to go online and thaw my credit reports so they can do a hard pull.  Oh well, get ready for my credit to be knocked down a little due to that. I have a place/location in mind and a few houses in mind.  The numbers all work, not a ton of money, but the overall returns are good - and good diversification over the next 5 to 10 years. I'm thinking that buying the house will be the easy part.  Getting a renter and doing the books will be the harder part only due to the…

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