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I just "diversified" big time.
Old 03-17-2005, 02:21 PM   #1
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I just "diversified" big time.

I closed a while ago but didn't want to mention it here until everything was in the clear.

I just bought my first home, a 3-on-a-lot in Southern California. Got a "good" deal on it, as I purchased it directly from the seller who was referred to me by a patient of mine.

Anyways, it's got a 4 BD/2 BA house in the front, and a 4/2 + 3/2 duplex in the back.

With me living in the 3/2 and the rents from the other two, it costs me $800 to make the payment which includes mortgage, tax, and insurance.

Looking forward to sharing my landlording headaches with you all!
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Re: I just "diversified" big time.
Old 03-18-2005, 04:44 AM   #2
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Re: I just "diversified" big time.

Quote:
With me living in the 3/2 and the rents from the other two, it costs me $800 to make the payment which includes mortgage, tax, and insurance.
That's a good deal in Southern Cal.

Have fun.
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Re: I just "diversified" big time.
Old 03-18-2005, 04:47 AM   #3
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Re: I just "diversified" big time.

Enjoy

Time, temperment, and location - I suspect real estate has anchored/funded many a FIRE - even though us stock cats 'may, I say 'may' be more verbose and prone to pontification.
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Re: I just "diversified" big time.
Old 03-18-2005, 05:00 AM   #4
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Re: I just "diversified" big time.

I could have done it entirely with real estate and maybe
I should have. I kind of drifted into manufacturing and stayed
for over 30 years, which left little time for real estate,
which was my first love. I still lust after "deals" kind of like an old man still checking out an attractive female.
It's hardwired. The fact that it's going nowhere doesn't
stop you from looking.


JG
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Re: I just "diversified" big time.
Old 03-18-2005, 07:26 AM   #5
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Re: I just "diversified" big time.

Congrats again, Mr. Real Estate Baron!
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Re: I just "diversified" big time.
Old 03-18-2005, 08:31 AM   #6
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Re: I just "diversified" big time.

Sounds like a great deal...Congrats! Hopefully the lineal footage between your door and theirs will deter petty requests.
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