Buying New Shoes
Maybe Im getting old, but I have one pair of good shoes that I wear day in and day out. After a year, they are pretty much worn out and I need to replace them.Since I buy the same shoes...
Continue reading "Buying New Shoes" »
June 2, 2006
June 5, 2006
May 2006 Net Worth Update (+$3,249)
Here's my net worth update for May as of 5/31/2006. All things considered I am happy with my overall performance given the stock market declines, recognizing some early temporary assignment expenses, and realizing some of the transaction costs from the...
Continue reading "May 2006 Net Worth Update (+$3,249)" »
June 7, 2006
Averting My Liquidity Crisis
I ended up pulling $5,500 from the HELOC on my 1st house to avoid any liquidity issues with paying off both 0% balance transfers and trying to stretch and put 20% down on the house I am trying to purchase....
Continue reading "Averting My Liquidity Crisis" »
June 9, 2006
Cheap Low Hassle Checks
I hate checks. Checks are expensive, I usually have to use a stamp to give someone a check, and they are a hassle to use. If I need to pay someone I always try to pay with a credit card...
Continue reading "Cheap Low Hassle Checks" »
June 12, 2006
Mortgage Appraisal Not Required?
I got a call from the mortgage lender to let me know that my loan didn't need an appraisal for approval. Huh? I never heard of this. Apparently Fannie Mae has this option to waive an appraisal when you get...
Continue reading "Mortgage Appraisal Not Required?" »
June 14, 2006
401(k) Match Maximizer is Here!
I have previously wrote about a little gotcha with my 401(k) plan that causes me to miss a portion of my employer's 401(k) unless I time my contributions perfectly. I got word this morning that my employer is announcing a...
Continue reading "401(k) Match Maximizer is Here!" »
June 16, 2006
Finalized Temporary Assignment Living Arrangements
Whew! After getting over the sticker shock of rental prices in NY, I have reached an agreement to rent a room for $800/month. This is above the most likely estimate I was shooting for paying in rent, but I think...
Continue reading "Finalized Temporary Assignment Living Arrangements" »
June 19, 2006
FSBO Negotiation Example
When I and the seller negotiated for the FSBO home I am purchasing we did the contract negotiations entirely over email. This gave me a written record of everything that happened and presents a great opportunity to do a post...
Continue reading "FSBO Negotiation Example" »
June 22, 2006
Tax Question - Converting Rental Property to Primary Residence?
I have been trying to understand the implications of renting all or part of my new property while I am on my temporary assignment. I will be away for the rest of the year and hope to rent out some...
Continue reading "Tax Question - Converting Rental Property to Primary Residence?" »
June 26, 2006
Walked Away From Closing On My New Property
I and the seller met at the attorney's office for our scheduled closing. We sat down with the attorney to review the settlement statement. The attorney went line by line through the statement identifying each line item. Everything looked good...
Continue reading "Walked Away From Closing On My New Property" »
June 28, 2006
Closing on My Next Property, Back on Track
As I previously mentioned, I walked away from closing because the appraisal on the property was not complete as I had been led to believe.A lot has happened since then:Lender: After being handed off many times, I finally was connected...
Continue reading "Closing on My Next Property, Back on Track" »
June 30, 2006
Finally Closed on My House
I can now say I own more than one property! I'm almost a land barron :) Closing was uneventful. Luckily the closing was only delayed a total of 6 days as a result of the last minute issue uncovered at...
Continue reading "Finally Closed on My House" »
