05/16/2024
"I did a positive real estate investing thing."
Remember all those posts I'd start with that a couple years ago?
[Usually -- "Hey, check out this new investment property I acquired!"]
Why the silence?
I stopped buying houses for almost TWO YEARS. Which seems like an eternity once you've gotten a taste for it.
After all, owning rental houses can make money at least four ways:
* Income (cash flow, profit)
* Appreciation (market, forced, found, and other types)
* Depreciation (a non-cash expense that reduces income taxes)
* Mortgage principal pay-down
I might have continued on my path to become an Acquisition Monster (hat tip to Tony Robbins for the phrase), but falling in love, starting a family, getting engaged, having a baby, becoming a father for the first time was enough to pull me away.
BUT NOW I'M BACK.
Taking my Face-Bragging to a whole new level . . . .
I did FIVE positive real estate things --- selling FIVE houses, four of them within 2 months last year.
On my Scoreboard, I'd say 3 were HUGE WINS, one mostly a wash, and the last house was a humbling, gut-wrenching, learning experience / adventure.
Triplex in Mauston -- HUGE WIN. Owned it about 14 months, provided transitional housing to 3 families, sold it to a business partner for $14,000 more than I paid for it, and it was profitable the whole time. Beautiful house. If I wanted to live in Mauston, I'd live there.
Milwaukee -- HUGE WIN. Owned it about 2.5 years, accepted an offer for $42,500 more than I paid to buy it. My first time working with Legacy Solar Co-op to put solar on a rental house. Only regret is I didn't get to keep my mortgage with Summit Credit Union for 4.25%. Summit is THE BEST.
Oshkosh - Buy low, sell high, right? Got if for $60,000 in 2020, accepted an offer for $120,000 in 2024. In the end, it needed some repairs that the buyer graciously offered to do, so I didn't quite double my money . . . but I'll take it! Nancy Harris huge gratitude for bringing me the house and managing it for more than 3 years.