I’ve got good news and bad news.
Which do you want first? The good news, right? Obviously. I don’t think I’ve ever asked that question and had someone answer: “Give me the bad news first. The Good will make up for it, I’m sure.” Wrong. We always want the good first. Delay the bad as long as possible.
We’ve been searching for our next potential investment prop for a while. Bids on foreclosures that always left us in a competing situation, and we seemed to lose out to someone else’s bid every time. Until now. Finally found a little turd of a house that was within our budget and not falling apart at the seams! We lost out on the first round of bidding, but the winning bidder couldn’t close for whatever reason, and I happened to be on the MLS the moment the house became available again. Meant to be!
So, what does $6900 get you in terms of a house?
Pretty cute, huh?
It needs work-a new roof, which we installed this week, a/c, plumbing work, flooring, and some rotten wood, plus paint, but it will earn its keep when I rent it for $500-$600/mo.
So, the good news is that I officially own FOUR HOUSES! My tiny real estate empire is finally growing into something fairly profitable and my dream of becoming a full-time investor sees a very dim light at the end of a tunnel.
The bad news? Taiwan has to wait (insert sad violin music here).
I was in denial about this, at first thinking that I would manage to magically find enough money to throw at both the house and the trip, mainly because I stink at making decisions. I wanted my cake and to eat it too, licking the fork afterwards. But I want to be smart about things (if only this once). At least until the above is rented.
Soooo…. Taiwan gets pushed to 2015, and I now get to find a more affordable vacation for this year. I’d love your ideas! Any suggestions on a week’s vacay within the U.S.? It can be anywhere. I was thinking Mt Rushmore in the Fall. I’m open to suggestions, though! Compared to Taiwan’s plane ticket cost, all other trips seem like a steal!