RE sale in Huntsville AL

[Bugs]

I’m hoping the money you’re using for the downpayment wasn’t withdrawn from an existing property holding here in California.

[surveyor]

Life is a hassle…

Like I said, this post is not to convince people or to encourage people who have “lives” that they should be doing what I’m doing.

Real estate investing is a big hassle. No argument there. One of my tenants had her paycheck money stolen and so is late with the rent. I try to be as kind as I can, but come on, I need my money! I mean, hasn’t this person ever heard of direct deposit?

And I have no real interest in going to Huntsville (or any other place) either. I’m just doing my due diligence. The numbers look good and so we need to see the property and make sure no red flags go off.

I am however just sacrificing some time and effort in order to be financially well off. It’s just like your 401k – you get started early, do a little research, and put your time into maintaining it. In a few years, it will pay off. Now there are some people to whom a 401k/Roth/IRA is a big hassle. It’s fine, it’s up to them.

But I will say this: waiting for the bottom of the real estate cycle here in California will not help advance your real estate knowledge. It is better to just use the time you are spending waiting and use it to your advantage somewhere else. There are people here who have figured this out and are now asking questions. I am at least here to help them.

But bottom line: if you have better things to do or would rather spend your time on something else, go ahead and do so. Trying to get rich is a hassle. It takes a certain amount of sacrifice. If you’re not willing to put the effort into it, don’t.

[surveyor]

Life is a hassle…

Like I said, this post is not to convince people or to encourage people who have “lives” that they should be doing what I’m doing.

Real estate investing is a big hassle. No argument there. One of my tenants had her paycheck money stolen and so is late with the rent. I try to be as kind as I can, but come on, I need my money! I mean, hasn’t this person ever heard of direct deposit?

And I have no real interest in going to Huntsville (or any other place) either. I’m just doing my due diligence. The numbers look good and so we need to see the property and make sure no red flags go off.

I am however just sacrificing some time and effort in order to be financially well off. It’s just like your 401k – you get started early, do a little research, and put your time into maintaining it. In a few years, it will pay off. Now there are some people to whom a 401k/Roth/IRA is a big hassle. It’s fine, it’s up to them.

But I will say this: waiting for the bottom of the real estate cycle here in California will not help advance your real estate knowledge. It is better to just use the time you are spending waiting and use it to your advantage somewhere else. There are people here who have figured this out and are now asking questions. I am at least here to help them.

But bottom line: if you have better things to do or would rather spend your time on something else, go ahead and do so. Trying to get rich is a hassle. It takes a certain amount of sacrifice. If you’re not willing to put the effort into it, don’t.

[surveyor]

Life is a hassle…

Like I said, this post is not to convince people or to encourage people who have “lives” that they should be doing what I’m doing.

Real estate investing is a big hassle. No argument there. One of my tenants had her paycheck money stolen and so is late with the rent. I try to be as kind as I can, but come on, I need my money! I mean, hasn’t this person ever heard of direct deposit?

And I have no real interest in going to Huntsville (or any other place) either. I’m just doing my due diligence. The numbers look good and so we need to see the property and make sure no red flags go off.

I am however just sacrificing some time and effort in order to be financially well off. It’s just like your 401k – you get started early, do a little research, and put your time into maintaining it. In a few years, it will pay off. Now there are some people to whom a 401k/Roth/IRA is a big hassle. It’s fine, it’s up to them.

But I will say this: waiting for the bottom of the real estate cycle here in California will not help advance your real estate knowledge. It is better to just use the time you are spending waiting and use it to your advantage somewhere else. There are people here who have figured this out and are now asking questions. I am at least here to help them.

But bottom line: if you have better things to do or would rather spend your time on something else, go ahead and do so. Trying to get rich is a hassle. It takes a certain amount of sacrifice. If you’re not willing to put the effort into it, don’t.

[surveyor]

Life is a hassle…

Like I said, this post is not to convince people or to encourage people who have “lives” that they should be doing what I’m doing.

Real estate investing is a big hassle. No argument there. One of my tenants had her paycheck money stolen and so is late with the rent. I try to be as kind as I can, but come on, I need my money! I mean, hasn’t this person ever heard of direct deposit?

And I have no real interest in going to Huntsville (or any other place) either. I’m just doing my due diligence. The numbers look good and so we need to see the property and make sure no red flags go off.

I am however just sacrificing some time and effort in order to be financially well off. It’s just like your 401k – you get started early, do a little research, and put your time into maintaining it. In a few years, it will pay off. Now there are some people to whom a 401k/Roth/IRA is a big hassle. It’s fine, it’s up to them.

But I will say this: waiting for the bottom of the real estate cycle here in California will not help advance your real estate knowledge. It is better to just use the time you are spending waiting and use it to your advantage somewhere else. There are people here who have figured this out and are now asking questions. I am at least here to help them.

But bottom line: if you have better things to do or would rather spend your time on something else, go ahead and do so. Trying to get rich is a hassle. It takes a certain amount of sacrifice. If you’re not willing to put the effort into it, don’t.

[surveyor]

Life is a hassle…

Like I said, this post is not to convince people or to encourage people who have “lives” that they should be doing what I’m doing.

Real estate investing is a big hassle. No argument there. One of my tenants had her paycheck money stolen and so is late with the rent. I try to be as kind as I can, but come on, I need my money! I mean, hasn’t this person ever heard of direct deposit?

And I have no real interest in going to Huntsville (or any other place) either. I’m just doing my due diligence. The numbers look good and so we need to see the property and make sure no red flags go off.

I am however just sacrificing some time and effort in order to be financially well off. It’s just like your 401k – you get started early, do a little research, and put your time into maintaining it. In a few years, it will pay off. Now there are some people to whom a 401k/Roth/IRA is a big hassle. It’s fine, it’s up to them.

But I will say this: waiting for the bottom of the real estate cycle here in California will not help advance your real estate knowledge. It is better to just use the time you are spending waiting and use it to your advantage somewhere else. There are people here who have figured this out and are now asking questions. I am at least here to help them.

But bottom line: if you have better things to do or would rather spend your time on something else, go ahead and do so. Trying to get rich is a hassle. It takes a certain amount of sacrifice. If you’re not willing to put the effort into it, don’t.

[patientlywaiting]

Surveyor, your point is well taken.

Personally, I would invest in real-estate where my in-laws live or my kid goes to school, my job takes me frequently, my best buddy lives, or where I like to vacation frequently. Other than that, picking a place out of nowhere for investing would be too much of a job for me.

Again best of luck to you in becoming wealthy. 🙂

[patientlywaiting]

Surveyor, your point is well taken.

Personally, I would invest in real-estate where my in-laws live or my kid goes to school, my job takes me frequently, my best buddy lives, or where I like to vacation frequently. Other than that, picking a place out of nowhere for investing would be too much of a job for me.

Again best of luck to you in becoming wealthy. 🙂

[patientlywaiting]

Surveyor, your point is well taken.

Personally, I would invest in real-estate where my in-laws live or my kid goes to school, my job takes me frequently, my best buddy lives, or where I like to vacation frequently. Other than that, picking a place out of nowhere for investing would be too much of a job for me.

Again best of luck to you in becoming wealthy. 🙂

[patientlywaiting]

Surveyor, your point is well taken.

Personally, I would invest in real-estate where my in-laws live or my kid goes to school, my job takes me frequently, my best buddy lives, or where I like to vacation frequently. Other than that, picking a place out of nowhere for investing would be too much of a job for me.

Again best of luck to you in becoming wealthy. 🙂

[patientlywaiting]

Surveyor, your point is well taken.

Personally, I would invest in real-estate where my in-laws live or my kid goes to school, my job takes me frequently, my best buddy lives, or where I like to vacation frequently. Other than that, picking a place out of nowhere for investing would be too much of a job for me.

Again best of luck to you in becoming wealthy. 🙂

[surveyor]

Bugs:

Yes, the downpayment was taken from a property here in California. However, I will be using the cash flow from the new property to pay back the downpayment so it is not a big deal.

(A lot of people spend the cash flow or use it to augment their salaries. My household runs a surplus on its own so we just use the cash flow to pay down the borrowed downpayments).

See above post with the “cash on cash” discussion. Important thing: if you are borrowing money to buy a real estate investment property, you have to look at the “cash on cash” value and decide if it is high enough. Since this property’s cash on cash number is 18%, much higher than my requirement of 9%, the property is a good enough deal to borrow money to purchase.

If the cash on cash number is at 9% or less, it is not a good candidate for borrowed money.

[surveyor]

Bugs:

Yes, the downpayment was taken from a property here in California. However, I will be using the cash flow from the new property to pay back the downpayment so it is not a big deal.

(A lot of people spend the cash flow or use it to augment their salaries. My household runs a surplus on its own so we just use the cash flow to pay down the borrowed downpayments).

See above post with the “cash on cash” discussion. Important thing: if you are borrowing money to buy a real estate investment property, you have to look at the “cash on cash” value and decide if it is high enough. Since this property’s cash on cash number is 18%, much higher than my requirement of 9%, the property is a good enough deal to borrow money to purchase.

If the cash on cash number is at 9% or less, it is not a good candidate for borrowed money.

[surveyor]

Bugs:

Yes, the downpayment was taken from a property here in California. However, I will be using the cash flow from the new property to pay back the downpayment so it is not a big deal.

(A lot of people spend the cash flow or use it to augment their salaries. My household runs a surplus on its own so we just use the cash flow to pay down the borrowed downpayments).

See above post with the “cash on cash” discussion. Important thing: if you are borrowing money to buy a real estate investment property, you have to look at the “cash on cash” value and decide if it is high enough. Since this property’s cash on cash number is 18%, much higher than my requirement of 9%, the property is a good enough deal to borrow money to purchase.

If the cash on cash number is at 9% or less, it is not a good candidate for borrowed money.

[surveyor]

Bugs:

Yes, the downpayment was taken from a property here in California. However, I will be using the cash flow from the new property to pay back the downpayment so it is not a big deal.

(A lot of people spend the cash flow or use it to augment their salaries. My household runs a surplus on its own so we just use the cash flow to pay down the borrowed downpayments).

See above post with the “cash on cash” discussion. Important thing: if you are borrowing money to buy a real estate investment property, you have to look at the “cash on cash” value and decide if it is high enough. Since this property’s cash on cash number is 18%, much higher than my requirement of 9%, the property is a good enough deal to borrow money to purchase.

If the cash on cash number is at 9% or less, it is not a good candidate for borrowed money.

[Author]

Posts