Archive for June, 2006

Pushed back closing on SFH#1

Friday, June 30th, 2006

Today we extended the closing on SFH#1 to July 10th. That will be the Monday after I get back from Colorado. Speaking of Colorado, I'm typing this from Denver right now. I don't know if I'll be able to update or have any information to update for the next week.

Almost closing day on SFH#1

Thursday, June 29th, 2006

I purchased SFH#1 on June 30, 2005. Unfortunately tomorrow is June 30, 2006 and if I sell tomorrow I have not held my property for more than 1 year. The rule is one year and one day in order to become a long term capital gain. Therefore, my closing needs ...

Upgrades and upgrades… new construction

Wednesday, June 28th, 2006

Today I met with the sales lady for a new construction home in north Phoenix that I posted about here. What I was mainly interested in learning at today's meeting was: How many homes in the subdivision How long is the build out for the entire subdivision Which lots are available What are the ...

Time to revisit my Option-ARM

Wednesday, June 28th, 2006

SFH#2 is officially rented. At the same time my tenant is leaving Condo#1 tomorrow, he is leaving a month early but is still paying for the month of July. I already have Condo#1 rented starting August 1st, it pays to start advertising your rentals early! Townhome#2 has an option ARM loan. ...

Entering the rat race again?

Monday, June 26th, 2006

It's amazing how much stuff you accumulate even over the course of one year. I am a minimalist, I don't have anything in my house that I don't use. I still filled up a 16' truck and needed about 4 trips in my SUV. I'm not completely done yet, but ...

Tomorrow is moving day

Sunday, June 25th, 2006

My new tenant moves into my home on Tuesday so tomorrow is the big move day. I've rented a truck from Budget and hope to move in one drive. I'm only moving 12 miles away, but it's going to be 110 degrees so I don't want to spend the day ...

Another new construction potential

Friday, June 23rd, 2006

There has been a subdivision that has been popping up homes in the past month. I drive by it every day. Yesterday I looked up the homes and subdivision on the web and suprisingly the home prices are very reasonable. In fact, they are very good. The base price is around ...