November was a truly happy month in our household. After a year and a half of hard work, we paid off the last of our credit card debt. We learned some new things about ourselves and our needs and wants along the way. It isn’t rocket science, but here’s how we did it. Background The reason we ended up with this debt was pure and simple lifestyle inflation. We were doing pretty well until we built our house in 2004. … Continue reading
It has been a little while since our last rental property update. In case you’re new to this site, we purchased our first rental property at the end of August this year. My husband and I became slaves for a month to get it renovated and ready for rental. You can read about it here if you missed it. Our goal was to have it ready for rent by October 1. We decided to use a property management company because we are … Continue reading
We are getting very close to being finished with our rental property, at least for the time being. This week we found some hidden treasure. If you are new, you might want to start by reading the previous posts in this series. Rental Property Series: Buying Our First Rental Property Rental Property Series: Renovating Our Rental Property Rental Property Series: Overcoming Setbacks If you don’t feel like reading my amazing real estate posts, as a brief recap: We purchased this … Continue reading
For the past two and a half weeks, we have been working double duty, doing renovations to get our first rental property ready for a tenant. If you missed the first post in this series, check it out here. Brief Recap We purchased this property on August 24, 2012 for $63,000, with 25% down. We didn’t get to take possession until the following Monday because the seller lived out of town and papers couldn’t be filed until then (lost weekend, … Continue reading
After years of getting in position to buy a rental property, we finally did it! We’ve been close a few times but just couldn’t pull the trigger. We always wondered could we make the payment, would it cash flow, would our tenants assemble a meth lab in the bathroom?. You can do as much research as you want, but eventually, you take the plunge or you don’t. Right now seems like the perfect time for a number of reasons. We … Continue reading
