Posts tagged ‘momprenuer’

May 10, 2013

Multiple Sources – Update

Okay it is official the house in San Francisco sold. And it was a magical, lovely story. We are very happy.

Here is the listing: http://www.redfin.com/CA/San-Francisco/30-Patton-St-94110/home/1727433

We bought it for $540 on 04/06/2011.

We listed it for $699 on 4/18/2013.

It sold on 05/07/2013 for $880. In a short close.

We put probably $30k into the house. And we did all the “right” things. We had our tenants agree to move out. We paid to have everything hauled off the property. We staged it. We got a landscaper to go over. We touched up the paint and fixed minor contractor things here and there. And all of that cost maybe $10k. And we are looking at houses that have stuff everywhere and things out of place, dirty dishes out! or wires painted and hanging funny and that just hurts your price. People need to see themselves in it not you in it. Not your lazy tendencies to not fix things, and trust me I am a lazy tendency a lot of the time. However, when it comes to using money at the right time I REALLY recommend spending the money to just make everything look great, not personalized to you and set up in the best way possible with experts who know how to place furniture. Not that I would call myself a real estate expert, yet. I am looking at pursuing it, especially given this recent success in the market.

The real estate market is hot right now. And we were fortunate to have a house in San Francisco where it’s almost always hot. The next property we buy is most likely going to be in San Diego and I am not sure that it will be as hot when we try to sell it later, but heck, I am going to enjoy the moment and celebrate with a big glass of wine… just kidding I’ll have some juice.

May 3, 2013

MITM daily creation call podcast 3

Capture

MITM daily creation call podcast 3

I talk about my state of struggle and Jessica and I create the day; complete on actions  and have some rockstar banter 🙂 !

Listen to this stuff.  It is great!

K

April 20, 2013

Multiple sources of income and my house for sale

I have read many, many books about making money and being an entrepreneur. One that I found most impactful was Rich Dad, Poor Dad by Robert Kiyosaki. It was the first time I realized that the corporate world and our education system really has been set up to have us constantly be in debt and have to keep working to keep making money to keep paying back money so we can get more debt so we have to keep working and on and on.

In line with that my husband and I bought a beautiful house in San Francisco in 2011 for a screaming deal. It is a 4 bed 2.5 bath, way bigger than we needed, but we figured that we could rent it to friends that we would live with to help reduce our monthly expenses. Let’s just say we learned a valuable lesson about personal space and renting to friends. April 18th, 2013 I put the house up for sale in San Francisco (http://www.redfin.com/CA/San-Francisco/30-Patton-St-94110/home/1727433) and I LOVE that house. I love San Francisco, I love walking places, I love everything about it. But I live in San Diego now and the time is right to sell… We can make a bundle of money and then invest it again. What makes this interesting is that now what do I want to do with that money? My husband is all for putting all or most of it into another property. But I personally am thinking about diversifying the money.

I just thought of a great idea… I am going to propose to my husband that we split the proceeds from the sale and he takes his half and invests it how he sees fit and I will take my half and invest it. And in 1 year from now we can check back in and see how it went. I do not have high hopes of him approving of this idea but hey… I will let you know what happens.

The gist is that I do want multiple streams of income. My husband has one stream of income from a corporate job that he loves and really makes a difference doing. I have one stream of income from my current corporate job, which days are numbered and before we put our house up for sale we have a rental income from our house in San Francisco, which makes 3 sources of income. And hey 3 IS better than 2. However, I would like to create 5 sources of income. 1 is my husbands and not passive at all. But the other 4 will be.

That is exciting… 4 passive streams of income… How will I do this?

April 20, 2013

Off to a Rocky Start

This is what it looks like when moguls in the making are learning how to create youtube videos.