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Archive for June, 2007

Rental Property?

June 21st, 2007 at 07:46 pm

I have always been interested in real estate... love watching the "flipping" shows, "House Hunters", etc. I love driving around just looking at houses. Right now, I really have the itch to try my hand at buying rental property but am so nervous about it. I found a small older house in the town next to where I live listed for $89K. I don't even know if I would qualify for another mortgage or not so it might be a moot point... but still the bug is there. That house is being currently rented at $500 a month so at least the place would already have a tenant as I wouldn't need to tell them to leave... oh, voi.

It's been a long time!

June 19th, 2007 at 01:52 pm

Ok, so it's been way too long since I last posted. I've been so busy this last month. We did go to Disney and had a very nice time... came slightly under budget which was great! I guess I can knock no. 4 goal off my list now. Our retaining wall is now complete and looks alright. I thought it would be bigger but oh well. It will work now to provide more surface area for the kids to be able to play in.

Financially, where are we? Well, this month my paycheck will have a supplement included (paid every 6 months) so that will be nice to have a little extra. I feel like we are spending so much lately... but can't really pinpoint it down to any reason. DH is still spending like he always does but now his new thing is to buy as many Blu-Ray disks as possible. Even though we already have the movie on a regular DVD, he says it's not the same... geez. In the last month, there was a huge sale at a local furniture store (high quality stuff, mind you). I bought 7 pieces of substantial stuff for $250 ... regular retail would've been over $2,000! I have been to the store before and could never afford anything but once a year, they have a huge sale and I just couldn't resist this time.

I had to stop maxing out our Roth contributions a couple of months ago to help fund the Disney trip... but now that the trip is over and done with, I don't know if I can manage putting that money back into the Roths. I'm trying to pay for my MBA with cash and going straight through with summer school and everything, I just find it pretty tight as of late. It would be nice to up the $50 a month we are putting away again, but I think I'll hang out at $50 per month for a while longer.

I am expecting to get a 4.25% raise as of July 1 and DH should be getting a 5% raise. I wish it were more but will not complain. Every little bit helps, doesn't it? Work is chaotic right now. I have to get so much done before June 30, our fiscal year end, and with demands from school, it seems that I just can't catch up. DD asked me just last night when I would finish with school cause she missed me having time for her at night. Frown I hope it's worth it in the long run... no guarantee that I'll get a raise for getting my MBA or anything so it's really something I'm just doing for myself. It'll be nice though if I could get a raise because of it.