Archive for May, 2006
Wednesday, May 31st, 2006
I decided to do the opposite on craigslist and post an ad looking to buy a house. I put that I want to buy well under market and that I don't need a buyer's broker. So far I've gotten a bunch of responses from realtors and only one real response. ...
Posted in Real Estate | 3 Comments »
Wednesday, May 31st, 2006
The buyer and I reached a comprise today and tomorrow when we fax back the accepted counteroffer SFH#1 will be under contract again. As a lessoned learned from last month, I know that it's not a done deal until I have my money in hand. To make sure the buyer ...
Posted in Real Estate | No Comments »
Monday, May 29th, 2006
I placed two ads on craigslist Thursday afternoon. My first ad was to rent out SFH#1 for $1650/mo. If rented at that price it would be negative $150/mo cashflow. My second ad was to rent out SFH#2 for $1500/mo. If rented at that price it would be negative $800/mo cashflow. ...
Posted in Real Estate | 4 Comments »
Thursday, May 25th, 2006
It's been a week since my SFH#1 has been back on the market and not a single showing. So I decided to put both SFH#1 and SFH#2 on the rental market. I'll live in the one that doesn't rent out. If I rent out SFH#1, I will be -$120/mo cashflow. ...
Posted in Real Estate | 3 Comments »
Monday, May 22nd, 2006
I got an email from a realtor who occasionally sends out these investment properties that she has. They are usually new construction or condo conversion negative cashflow properties. I felt that I should post this one because of two things. 1) the builder has guaranteed rents and HOA payments for ...
Posted in Real Estate | 1 Comment »
Sunday, May 21st, 2006
For my next investment I've decided to partner up and go commercial. I've sent feelers out to a few friends and they are all interested. In fact there are too many people interested and I'd like to keep this initial venture small. The plan is to pool some money together, ...
Posted in Real Estate | 1 Comment »
Tuesday, May 16th, 2006
Here's an update on my future fast food restaurant that I talked about here. Our property has hit a little snag. The city says that they will not support the rezoning of the property to commercial. Instead of going through a potential one year zoning battle and then a six ...
Posted in General | 1 Comment »
