Major Mistake #3 In the comments section of Part II you may have noticed a couple that celebrated my ultimate success in the completion of my unit. At the time, me too. Things looked pretty good and I was feeling thrill of victory. But I had lost sight of the bigger picture. I had no… [Continue Reading]
How I Lost Money in Real Estate Before It Was Fashionable, Part II: The Limits of the Law
Part I: Impossibly Naive Part II: The Limits of the Law Here’s what YP had been doing. sales office He had acquired the building with bank financing and gutted it. Maybe at this point he really planned a real project. Attractive literature had been prepared showing floor plans and images of the finished units. He… [Continue Reading]
How I Lost Money in Real Estate Before It Was Fashionable, Part I: Impossibly Naive
Up In Smoke Nowadays, everybody has a tale of money lost in real estate. Dreams and cash evaporated. It has become all the rage. Hard perhaps to believe now, but time was not so long ago, real estate was a can’t lose proposition. People said things like, “Buy land. It can only go up. They’re… [Continue Reading]
Rent vs Owning Your Home: Opportunity Cost and Running Some Numbers
Intro by JL’s Team If you’re wondering if renting vs owning your house is a better choice for financial independence, you’re not alone. A lot of people struggle with this choice. With current interest rates on a 30-year fixed mortgage hovering between 6–7%, it’s more critical than ever to do the math. In this post,… [Continue Reading]
Selling the House and Adventures in Staging
Each winter up here in the wilds of New Hampshire we get ice and snow storms. Then the power goes out. Soon the neighborhood is humming with the sounds of generators as folks flip the appropriate switch and electricity flows back along its appointed rounds. Except at my house. After living here 12 years… [Continue Reading]
