I am physically, mentally, and emotionaly burned out. I am 33 yrs olds and my goal was to retire at 35 or atleast be FI at that time. My wife is 32 years old and has not worked for 2 1/2 years. We are lucky enough that she has the option not to work and instead be a full time mommy to our 18 months toddler.
We do not work in the government and we weren't getting any pension from our company. We did not have high paying salary. In my mid twenty I knew that I wanted to FIRE. (I am so glad that this forum exist. I thought that I was the only one thinking of RE before 40). Therefore we got into the landlord business. We had six units. But, last year in July, we bought a fixer upper triplex. When we took prosession of it, two of the tenants were evicted and middle floor tenant stayed. The tenants were evicted for a good reason: did not pay their rent and destroyed the property. The top and basement tenants had to be escorted out by the sheriff and left behinds their belongs. And my god there were lots of junk left behind.
I decided to fix the top floor first. I spent numermous hours working evenings and weekends while holding a full time job... Got it looking pretty and rented out by Nov. 06. Then I worked in the basement. The basement experienced a few flood that the last landlord ignored. There were molds on the walls. When I removed the floor, there were 5 layers of different flooring that the past owner(s) used to cover up. I had to demo the hole basement, redo all plumbing, re do electrical . .. it took me until mid May to have it finished ready for showing.
My middle floor tenant gave his two months noticed and left on June 07. As nice as the basement looked we had a hard time renting out the basement. But found a tenant for July 07.
I had put in lots of hours but I was near the end. The basement floor is rented out now and all I had to do was the middle floor. But only days after the new basement floor tenant moved in, there was a flood. The storm/sanitary water had backed up. The city worker came to inspect the place and deemed the place unhealthy to live due to the fecal matters. We had to get someone to clean up the mess. The brand new (less than a week old) wood laminant flooring and wood subfloor ( which I built) had to be removed. ... they destroyed the basement while removing the contaminent material, ie floor and drywall.
One year after we brought this triplex, I am still working on it. This triplex has absorbed all my energy. I am very tired and exhaust. I want to FIRE but I feel that I sacaficing my time with my family. When I get home a night my son is usually sleeping.
Like most of us on this board we like to FIRE. I have not posted much or got involve with any of the blogs. I am more of a lurker. I am doing this hoping that some else have shared similiar experience. I am hoping to read yours to get motivated to finish the basement again.
We do not work in the government and we weren't getting any pension from our company. We did not have high paying salary. In my mid twenty I knew that I wanted to FIRE. (I am so glad that this forum exist. I thought that I was the only one thinking of RE before 40). Therefore we got into the landlord business. We had six units. But, last year in July, we bought a fixer upper triplex. When we took prosession of it, two of the tenants were evicted and middle floor tenant stayed. The tenants were evicted for a good reason: did not pay their rent and destroyed the property. The top and basement tenants had to be escorted out by the sheriff and left behinds their belongs. And my god there were lots of junk left behind.
I decided to fix the top floor first. I spent numermous hours working evenings and weekends while holding a full time job... Got it looking pretty and rented out by Nov. 06. Then I worked in the basement. The basement experienced a few flood that the last landlord ignored. There were molds on the walls. When I removed the floor, there were 5 layers of different flooring that the past owner(s) used to cover up. I had to demo the hole basement, redo all plumbing, re do electrical . .. it took me until mid May to have it finished ready for showing.
My middle floor tenant gave his two months noticed and left on June 07. As nice as the basement looked we had a hard time renting out the basement. But found a tenant for July 07.
I had put in lots of hours but I was near the end. The basement floor is rented out now and all I had to do was the middle floor. But only days after the new basement floor tenant moved in, there was a flood. The storm/sanitary water had backed up. The city worker came to inspect the place and deemed the place unhealthy to live due to the fecal matters. We had to get someone to clean up the mess. The brand new (less than a week old) wood laminant flooring and wood subfloor ( which I built) had to be removed. ... they destroyed the basement while removing the contaminent material, ie floor and drywall.
One year after we brought this triplex, I am still working on it. This triplex has absorbed all my energy. I am very tired and exhaust. I want to FIRE but I feel that I sacaficing my time with my family. When I get home a night my son is usually sleeping.
Like most of us on this board we like to FIRE. I have not posted much or got involve with any of the blogs. I am more of a lurker. I am doing this hoping that some else have shared similiar experience. I am hoping to read yours to get motivated to finish the basement again.
