Signed
Friday, November 01
As of today, (10/31/13) I now own my first rental property. The roof is scheduled to be put on tomorrow. I paid $102 K for it, and it has appraised for $105 K. Unfortunately I do need to have some work done on it. I will have the furnaces looked at, and if they will survive the winter...
It's a go
Saturday, October 26
Just got the call from the agent, they are going to reshingle the roof of the duplex on Tuesday, and we close on Thursday. (Halloween) They may have been able to get it covered by insurance, because of possible hail damage. But after the inspection, this was the one thing I wanted. Obviou...
Stocks vs Real Estate
Tuesday, October 22
Today I hit an interesting milestone. A couple of years ago I started investing in single stocks. I have been fairly successful, but success can't be measured in two years in stocks. One of my stocks had dropped before I ever put any money in to it. Then it dropped more, so I bought mor...
Renegotiate
Saturday, October 19
I contacted my broker, and with the inspection, we are going to renegotiate. I made it clear that I didn't have a problem with any of the other repairs that needed to be done, I just didn't like the idea of having to replace the roof, especially being so close to the appraisal. This isn't...
Inspection Complete
Friday, October 18
As I type this blog, there is extra space between the paragraphs, but that vanishes after I post. Had I known that, I would have double spaced to improve readability. **Edit** I now know there are spaces between the posts, but it compresses things in the overview, and double spacing h...
First Deal
Thursday, October 17
I just posted a "novel" about my history. Maybe I didn't need to give that history, but it felt good getting it out. My first deal is a Duplex. I am still within the time to pull out if there is anything wrong with it. The inspection is tomorrow. (October 18, 2013.) After talking to t...