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Rental Property

Herr Inspektor

03/19/202011/12/2020 / othalafehu / 2 Comments

No Real surprises during the home inspection of the recently-mine apartment building. Sometimes the money you shovel out for a good home inspection is worth its weight in gold. At a minimum, I don't mind walking around with the guy making sure I know what he is talking about. The total for the inspection came … Continue reading Herr Inspektor

A Brand New Bouncing Baby Building!

03/10/202011/12/2020 / othalafehu / 1 Comment

After pussy-footing (I do not think that is derogatory at all, an actual reference to cat's light footfalls, right?) around for years now (since 2012), I have finally bought a rental unit building. I dropped $30,000 at closing and now, she's all mine, warts and all. Built in 1800 something, the building was originally a … Continue reading A Brand New Bouncing Baby Building!

Appraisal Scare/Hiccup

02/10/202011/12/2020 / othalafehu / 4 Comments

I am winding my way through the purchase of my first rental property. Already cleared the big hurdles of an accepted offer, a zoning variance, and a decent home inspection. When lo and behold, some appraiser has decided in my appraisal, that the building is not worth the contract price. My question is; Who are … Continue reading Appraisal Scare/Hiccup

Zoning Red Tape

01/08/202011/12/2020 / othalafehu / 6 Comments

Part of my Rental Property adventure has been exploring the wonderful world of Zoning Laws. And how they can really throw a wrench into your plans for world domination. So as I explained earlier, my new rental property has attracted lots of former suitors. As many as 6 previous deals have already fallen through. As … Continue reading Zoning Red Tape

Running the Numbers on a Rental Property

12/11/201911/12/2020 / othalafehu / 6 Comments

Looks like our long 'no rental properties' drought might finally be over. I am superstitious enough to not act like this is in the bag yet, but. Our offer was accepted and we are under contract. I figured I would lay this process out in a number of posts. I do not want to show … Continue reading Running the Numbers on a Rental Property

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WHY OTHALAFEHU?

The RUNES are the ancient writing system of the Germanic peoples handed down to man from the pagan god Odin.

Othala is the rune for ancestral home, the hearth, and sacred enclosure. Fehu represents our power and possessions gained by own hand, the measure of our earned wealth.

And so my Personal Finance / Net Worth / Dividend Portfolio / Secret Journal was born.

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