Category: Uncategorized
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Monday, October 31
The new tenants have moved into the duplex. They’re going to be a kind of a pain-in-the-ass because I’m going to have to deposit a handful of money orders each month. Oh well, they are paying $2,600/month which is $598 more than before. We’re pretty happy about that. The surveyor emailed me and said that…
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Wednesday, October 26
I still haven’t heard from Jim. Pretty sure he’s mad at me but, oh well. I’ve never withdrawn an application so there shouldn’t be a beef. The damn unit still smells like guinea pigs. On a positive note, though, I installed curtains last night, took pictures, listed it for rent (2600/mo) on Zillow, and pretty…
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Monday, October 24
I’m back from vacation. It’s been a few days since I have written a post and I can’t remember if I mentioned withdrawing our application for HELOC. Because we have two units being vacant at potentially the same time, I thought it would be a good idea to revisit the HELOC after some increased rents.…
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Tuesday, October 18
I have slacked. I started out last week pretty well and even wrote something on a Wednesday. Then I fizzled out. The HELOC process is proving to be a pain. We have Trust paperwork that we have to fill-out and get notarized. I have to explain a repair from 2020. I’m leaving for a vacation…
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Friday, October 14
This HELOC process is getting annoying. The latest request from Jim is to fill out a Trust document, get all the mortgage history, and go back two years to explain a $13k repair. Wish me luck. Today is the supposed day-to-vacate for the guinea pig tenants. Hopefully, there will be a peaceful transition. I sent…
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Thursday, October 13
Nothing much has happened since yesterday. Tomorrow, the guinea pig tenants should be vacating…we’ll see. I have to rethink my strategy with less funds coming. Should I still focus on small multifamily properties or should I start out with single-family homes?
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Wednesday, October 12
I actually followed through on my morning routine and am writing a blog post on a Wednesday instead of crashing and burning mid-week. I emailed the surveyor today asking for an update. Last I heard, they billed me for the balance and the fee for the submission to the county. For some reason the underwriter…
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Tuesday, October 11
Still nothing from the surveyor. They sure like to overpromise and underdeliver. I forgot to mention in a previous post that I calculated the true cashflow combined for both of our properties and it is $102-. That is not too bad when I realize that we are almost living for free. The bad part is…
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Monday, October 10
Once again I didn’t stick to my routine. The routine seems to fall apart on Wednesday morning. I go hike with a friend at 5:00AM. I normally start my home morning routine at that time and it includes some stretching, reading, blog writing, and daily planning. Then I’ll start work at 7:00AM. When I go…
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Wednesday, October 5
We submitted the verification of employment to Jim so he could send it to the lender. He expects a CTC (something “to close” I forgot at the moment) sometime next week. We’ll see. I have been spending quite a bit of time running property analyses using the Biggerpockets calculators. It is quite educational. I am…
Winning the Rat Race 