Archive for September, 2006

TMX - Tickle me Elmo

Tuesday, September 19th, 2006

Yesterday morning, Good Morning America featured the new "Tickle Me Elmo" or TMX (video) and USA Today had an article on it.  My friend Rex who had pre-ordered a bunch of these sent me an IM to check them out on Ebay.  A quick check showed that these were going ...

Tenant would like to buy my SLC townhome

Tuesday, September 19th, 2006

My tenant in SLC townhome #1 has expressed interest in purchasing the townhome from me.  The tenant has poor credit, but apparently it's not that bad because they can qualify for just a tad under $195k.  I'm thinking of owner financing a very small 2nd mortgage in order for them ...

UPDATE: Firing my property management company

Monday, September 18th, 2006

After making my post here earlier today I fired off an email to my PM which basically had the tone of "I just haven't sat down to find out how much notice I'm suppose to give to fire you, can you please tell me what the contract says." And guess what, less than one ...

Firing my property management company

Monday, September 18th, 2006

I've been trying to get a hold of my property management company for over two weeks.  I have left countless messages to the owner and her secretary. In mid-August I talked to a real estate agent about selling my townhomes in Salt Lake City.  The market in SLC was hot and ...

Name brand irony

Thursday, September 14th, 2006

Why is it that people who aren't wealthy try to look wealthy but people who are do the opposite? I've noticed that many of my female friends like to buy expensive name brand or designer clothes or accessories.  Most of them have at least one Prada purse.  My friends who are not wealthy ...

No money down!!!

Wednesday, September 13th, 2006

I still get a few questions a month about the so-called "No Money Down" informercials on TV.  I figured I'd clear something up about no money down investing.  Almost any investment can be a no money down investment.  To be clear, no money down usually means "None of your own money ...

Cashflow: Dividend paying closed end funds

Tuesday, September 12th, 2006

It's been a while since I looked at my stock portfolio.  That's mainly because most of my money is in cash now and I just don't have time to follow stocks.  In my account I have mainly high dividend paying stocks.  I guess this is part of my cashflow investing. FMN ...