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#171
Old 11-28-2012, 06:33 PM
-jose-
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Quote:
Originally Posted by BostonGuy View Post
In my 20's I thought buying a rental property and collecting rents was the greatest business model since the lemonade stand. My goals and expectations now are much different than they were back then.

I haven't been stiffed on rents but there's always some maintenance issue going on - clogged toilets, leaky pipes, water heaters bursting (yeah that's a f*cking headache and 1/2) and other sh1t. I go to the house (it's about a 15 min drive from where I live) every Sunday to put out the trash barrels. The one time that I let my tenants take out the barrels I got a citation (a warning luckily) in the mail because the f*cking d1ckheads stacked the trash so it was f*cking mess.

It's the stupid sh1t like that, that I can't stand anymore.

I also thought the time that I spend managing/fixing the house, I could be investing in myself in terms of career development. I could be going to school to get a M.B.A. or other financial/business accreditation. I think it would be much less stress..
I hear you bro...
let's just say my rental property is in better shape than my home, its a bigger priority because tenants don't have patience when something brakes...its like having another job but it pays off itself and the profit I make I save it for repairs so nothing will come out my pocket.
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#172
Old 12-20-2012, 01:19 PM
THE REED™
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Both house inspections are done both appraisals are done.

My appraisal on the new house JUST came back an hour ago, it appraised for 25k more than Im paying, so very happy about that.

I get my FINAL approval from the bank tomorrow, talked to my agent today she said everything looks good.

Tomorrow is the day I can actually celebrate.

I get the keys on the 8th!
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#173
Old 12-20-2012, 01:29 PM
THE REED™
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Quote:
Originally Posted by Russian Crushin View Post
REED is actually gonna chrome his entire house out
This still makes me LOL
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#174
Old 12-20-2012, 01:38 PM
-jose-
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Default

Quote:
Originally Posted by THE REED™ View Post
Both house inspections are done both appraisals are done.

My appraisal on the new house JUST came back an hour ago, it appraised for 25k more than Im paying, so very happy about that.

I get my FINAL approval from the bank tomorrow, talked to my agent today she said everything looks good.

Tomorrow is the day I can actually celebrate.

I get the keys on the 8th!
I know its not over till the bank gives you that final approval so...


congratulations post dated for 12/21/12
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#175
Old 12-20-2012, 03:19 PM
Roy Jones Jnr
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Default

Quote:
Originally Posted by THE REED™ View Post
Both house inspections are done both appraisals are done.

My appraisal on the new house JUST came back an hour ago, it appraised for 25k more than Im paying, so very happy about that.

I get my FINAL approval from the bank tomorrow, talked to my agent today she said everything looks good.

Tomorrow is the day I can actually celebrate.

I get the keys on the 8th!
Me, you and RJJ himself gonna parrrrtttaaaaaaaaaaay then yeah?
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#176
Old 12-20-2012, 04:38 PM
Mickey Pearce
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congrats reed thats a real nice house good new year for you then.
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#177
Old 01-18-2013, 04:04 PM
THE REED™
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Join Date: Apr 2007
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Posts: 57,555
Rep Power: 200000 THE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond reputeTHE REED™ has a reputation beyond repute
Points: 1,023,946,645,722.82
Bank: 494,760,217,652,810,880.00
Total Points: 494,761,241,599,456,512.00
2 For the Man - jazluvr my homey reed, keep up the good work! - Pretty Boy32 For being so BOSS! - komodo Straight up G! - komodo Thanks man :hail: - komodo 
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Congrats on 50K solid KO's.. - !! AI-Holmes!! 50k Posts - BulgariasFinest 50,000 - TBear Super Mod! Congrats on 50k Reed :D - Bossy 50K - -Mustang- 
50k, congrats bro - MELLY-MEL... can't be touched. - Body Movin' Happy holidays bro! - led* Happy Birthday champ! - LoadedWraps Congrats on engagement! - Spacey1991 
Troop and Military Support - Amber Alert - Bladder Cancer - Endometriosis - Equality - Liver Cancer - Liver Disease - Missing Children - POW/MIA - Spina Bifida - Suicide - BattlingNelson Myasthenia Gravis - Ovarian Cancer - Sexual Assault - Substance Abuse - mangler World Trade Center Victims and Heroes - Fireworks Safety - dans01234 AIDS/HIV - DARE - DUI Awareness - Epidermolysis Bullosa - Heart Disease - Lymphoma - MADD - Substance Abuse - !! AI-Holmes!! Arthritis - Child Abuse - Colon Cancer - Colorectal Cancer - Dystonia - Education - Free Speech - Interstitial Cystitis - ME/CFIDS - Reye's Syndrome - Save the Music - Teens Against Smoking - Victim's Rights - Water Quality - S a m u r a i 
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Mourning - Anti-Gang - Melanoma - Freedom Fighter Mourning - Anti-Gang - Melanoma - Dorian.. Children with Disabilities - Parkinson's Disease - VACTERL - Young Onset Parkinson's Association - iBreakbeat Adoptee - Bone Cancer - Child Exploitation and Abuse - Hope and Support - Peace - Retinoblastoma - Right to Life - Student Sexual Assault - Dorian Mourning - Anti-Gang - Melanoma - Atreyu Khalil 
Default

So this last month the bank has been ****ING around, and not getting my approval done, it was supposed to be DEC 21.

I Closed on MY house today without an approval on the new house. Luckily I worked it out where the buyers let me stay an extra 2 weeks until I get it resolved.

Just got the call 5 mins ago... APPROVED! Get the keys next week.

Im officially excited!
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#178
Old 01-18-2013, 04:48 PM
New England
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Originally Posted by THE REED™ View Post
So this last month the bank has been ****ING around, and not getting my approval done, it was supposed to be DEC 21.

I Closed on MY house today without an approval on the new house. Luckily I worked it out where the buyers let me stay an extra 2 weeks until I get it resolved.

Just got the call 5 mins ago... APPROVED! Get the keys next week.

Im officially excited!

sounds like you are ready to rock. when do you close?
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#179
Old 01-18-2013, 04:49 PM
THE REED™
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sounds like you are ready to rock. when do you close?
Waiting for the date but it will be next week sometime.
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#180
Old 01-18-2013, 05:05 PM
-jose-
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Quote:
Originally Posted by THE REED™ View Post
So this last month the bank has been ****ING around, and not getting my approval done, it was supposed to be DEC 21.

I Closed on MY house today without an approval on the new house. Luckily I worked it out where the buyers let me stay an extra 2 weeks until I get it resolved.

Just got the call 5 mins ago...APPROVED! Get the keys next week.

Im officially excited!
Congratulations!
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-jose- is online now
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