Hi there, Mrs. 1500 today.
So at the end of 2013, we suggested monthly goals rather than one New Year’s Resolution. Our January went well, February did not. The February goal was to work out 24 hours in 28 days, which is a goal that the YMCA in Madison proposes to their members to try and entice them into the gym. You get a T-shirt and everything!
Well, we were hit pretty hard with illness. The little 1500′s both had horrible sinus infections, coupled with ear issues and sore throats. I swear we went through 5 boxes of tissues! And it lingered forever. I didn’t make it into the gym one time the entire month.
I also didn’t make it to asking a question last week. TWO weeks ago, I asked if you are a landlord. The duplex next door to us went on the market, and we were disappointed that it sold to someone else. The numbers weren’t great on it, but the rent collected from our current, elderly neighbors would have paid the bills, and we would continue to have good neighbors.
Alicia from Financial Diffraction is a landlord, because when it was time to move, the market was soft and they would have lost their investment. Their numbers aren’t great, either but at least there is still equity in the home, and all bills are paid. Basically, someone else is buying them a home.
Stacy over at Farm Raised has two rentals. One runs itself – rent paid on time, small repairs completed by the tenants, etc. The other one, not so much. Rent never paid on time and it will probably be trashed when the current tenants leave. While I am sorry this is the case, it is a good reminder that not everything is perfect and rosy as a landlord. You don’t just buy the house and the money starts rolling in. Stacy recommends following your gut. If the prospective tenant sets off warning bells in your head, keep looking.
JoeTaxpayer also has a cautionary tale, and a great quote. “All areas are different, but buying a house that barely breaks even is an accident waiting to happen.” I do tend to look at things with rose-colored glasses, and the duplex next door was going to be just barely breaking even. While money isn’t everything, I don’t want to buy something so I can lose money on it, even if it is to keep good neighbors. Thanks, Joe!
Dave from The New York Budget, theFIREstarter, and Liam at Hare Brain Investments all recommend FI Fighter‘s posts about turnkey investing. Bigger Pockets got a mention as well.
Thanks for all the things to think about, as we decide whether to invest in real estate right now. And now to this week’s question, do you have any good vegetarian recipes?
March is supposed to be vegetarian month. In an effort to eat healthier, and save money at the grocery store, we are trying to eat more vegetarian meals. The problem is, like most omnivores, I don’t have a big bunch of vegetarian recipes that I make on a regular basis. Pretty much salad is my only vegetarian recipe. One time I decided to add lentils to sloppy joes, and that was a disaster! The kids wouldn’t put the second bite in their mouths. It was pretty gross…
So, do you have any good, kid-friendly vegetarian recipes you would like to share?