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!
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
I have written before about wanting to add rental properties to my portfolio in order to diversify and provide for a new passive income stream. I feel it is inevitable given how close I have come in the past and how much disposable income and accessible credit I have accumulated. However, in what form the … Continue reading 3 Card Monty
Finally, we closed on the inherited house. The check is in the bank (but has not cleared yet). After we pay some money owed to the friends who bought the house and to my sister-n-law who co-owned it, we clear $ 132,000. Now we get to allocate/spend it, this is the FUN PART. If you … Continue reading My Windfall and ME
All told, we sunk $ 58,000 into the cottage once we got it solely into our possession. Not only did we want to make some permanent changes and upgrades, but we knew if we were going to list it as a vacation rental it needed to be remodeled. Personally, I could watch HGTV all day … Continue reading The Cottage Renovation