Construction Day 1

Now that we have closed without a hitch, the real work begins.  We all meet at the new house to assess everything and put a little more detail around our budget.  When we walked in the door, I realized I had forgotten just how bad that smell was in the air.  We all agreed theContinue reading “Construction Day 1”

Closing Day

The house we purchased was a bank-owned house so it can be a little more complicated than purchasing from an individual.  As described in my earlier post, when we finally found the house we were interested in purchasing, the bank rejected our offer.  They came back two weeks later with a counter-offer we could liveContinue reading “Closing Day”

Financing for Investment Property

I want to start out by saying, we personally do not finance our investments.  We believe if you can’t do it with cash, you need to save more.  The way we are able to do this is we worked very hard to become debt-free.  Because of this, all of our income is now working forContinue reading “Financing for Investment Property”

So You Want to be a Real Estate Mogul

We all watch those shows on HGTV showing how easy it is to buy, renovate and sell a home.  Now you think YOU want to be a house “flipper,” a landlord, or whatever.  This is all about the reality vs. TV. We are going to start by talking about finding property. It is nothing like whatContinue reading “So You Want to be a Real Estate Mogul”

Budgeting – Getting Organized

Recently, speaking with some of my co-workers about budgeting and getting debt-free, the statement was made to me “we aren’t even ready to start a budget.” My question is if you are in financial straights, how can you not budget??? Believe me it is hard — very hard to get started, but to get onContinue reading “Budgeting – Getting Organized”