Tag: cashflow
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Concrete Poured
The concrete has been poured! I did not get a chance to visit the site to get pictures of the rebar job. It is fun and educational to watch something being built from the ground up. I used to work for my Dad around twenty-four years ago. I did not have the interest in the…
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Underground Complete
My Dad finished plumbing the underground and it passed inspection. It looks great! I think he’s enjoying himself. He’s very proud of how he can cleverly plumb. I just got the invoice from the MEP engineer for the change to the laundry room. Because it’s now going to be a rentable room, the engineering had…
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Thursday, April 27
As a landlord, there’s nothing quite as exciting as welcoming a new tenant into your property. This weekend, I’ll be doing just that as we prepare to welcome a new resident to one of our units. However, before our new tenant can move in, there are a few things that need to be taken care…
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Sunday, March 5
I dropped the rent for our soon to be vacant unit to $2700 per month. That increased the traffic to the listing by quite a bit. I met with someone today to look at the unit. She and three other people would be moving in, and the applicant was pretty excited about it. She asked…
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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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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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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 