Wheeeeee!

Posted on October 25, 2006 - Filed Under Housing |

The race is on!

Both houses are now on the rental market.  If I can rent both houses before they’re sold, I’ll keep them.

I already have a lead on the second house. 

I feel really dumb.  The perfect tenant is leaving because I didn’t ask enough questions from the start.

The Real Estate Agent reaffirmed that he’s alright with this.  He said he never has any problem with clients who want to hold long-term.  Of course, he makes more money.

It’s nice to know we can sometimes see the bigger picture.

If you liked that post, then try these...

Where is Ralph's? on June 20th, 2006
It has been almost 3 months since I went grocery shopping.

Inside Pandora's Box on May 10th, 2007
This issue is going out late.

Comments

3 Responses to “Wheeeeee!”

  1. moom on October 25th, 2006 12:22 pm

    It’s just the smae when learning to trade and invest in stocks. At first it is a learning curve and you probably lose some money or at least don’t make a lot. Traders call it “tuition”. The dangerous people are those who strike lucky the first time around :)

  2. The Engineer on October 25th, 2006 1:30 pm

    So you’ve confirmed that your monthly cashflow will be INCREASED if you:

    + Rent out both houses

    - Pay rent somewhere to live

    = More money in Cliff’s pocket

    Or, looking at this another way, basically, what I’m asking is. . .

    Mortgage + Your Rent < Rental Income (???)

  3. Clifford on October 25th, 2006 2:59 pm

    Moom, I knew I was going to be making mistakes and losing money. The good news is I won’t be making these mistakes again. I’ve already adjusted my overall spreadsheet calculator to take into account 12% in fees and closing costs when the property is sold.

    X, my negative cashflow will decrease. I won’t have positive cashflow for a few more years. I’m negotiating living in someone’s basement right now for a few months to help releave the high cost of renting.

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