I'm doing 13 things
I have my downpayment. I know where I want to buy. Only problem is there is nothing on the market. I’m looking in certain nicer areas of the San Fernando Valley in Southern California. Real estate here is a little different than other places. Definitely a seller’s market here, despite the economy. And the little that is affordable gets scooped up by investors who are able to pay all cash who either rent or flip. Doesn’t leave much for me, but I remain optimistic. I’ll keep saving, keep looking, and not get my hopes up. I’ve learned not to get emotional with real estate. Emotions are poison to any investment. Hopefully I’ll have closed escrow on my first income property by the end of summer. I hope the property I buy will be able to generate an income of $300-$500 after principal, interest, taxes, insurance and HOA.
the_white_rabbit's Life List
-
1. take more photographs
8 cheers1,753 people -
2. live simply
2 entries . 4 cheers3,263 people -
3. buy income property
1 entry . 2 cheers20 people -
4. Go on a road trip
1 entry . 8 cheers3,837 people -
5. read every book I own
1 entry . 5 cheers2,119 people -
6. become ambidextrous
1 entry . 1 cheer962 people -
7. Learn Spanish
5 cheers18,172 people -
8. learn sign language
2 cheers8,503 people -
9. visit all 50 states
1 entry . 3 cheers8,973 people -
10. go on a cruise
1 cheer4,758 people -
11. Trace my family tree
4 cheers3,050 people -
12. Retire at 30
6 cheers10 people -
13. live forever
2 entries . 1 cheer788 people
How I did it: So... in dealing with waiting for insurance to kick in for certain jobs and dealing with life and procrastination it took me an amazing 2 years to finally get my teeth cleaned and my goodness this was really one of those goals I should have been more on top of.I have a total of 4 cavities. I have one in front and three in between molars. One of the cavities is so big that when the dental assistant showed my dentist the x-rays … Read how I did it…
How I did it: I started looking for used cars that I would be able to buy with cash, and were also fuel efficient. I did a google search of a "list of the most fuel-efficient cars" and saw a car that I had never seen before: the 2011 Honda CR-Z. I was intrigued and started searching for dealers so I would be able to test drive one. They start at around $21,000, so I knew I would have to finance, which I wasn't too excited about since … Read how I did it…
How I did it: I have saved up $100,000 and am using it toward the downpayment of a house. It took four long years full of hard work and determination, but I did it. I was forced to completely re-learn everything I had known about finances and budgeting. I went about two years without a single dollar spent on vanity (shopping for clothes, make up, shoes, etc.) and would only buy clothes like socks and undergarments when necessary. … Read how I did it…
See all "How I Did It" stories...
I have an appointment on September 6th to bleach my hair blonde. I’m vegan, so I made sure the salon has a vegan bleach option (no animal testing or by-products). I’ve always wanted to do this but was always too scared. I just accomplished my life-long dream of buying my own house, I just washed my car (after 2 or 3 years of squeegee washing at the gas station to save money) and now I want to finally go blonde. This is a new chapter in my life and I’m going to take full advantage of it! Hello new life, hello new me!
