Errant Adventures

Lifestyle Design, Passive Income, and Location Independence (and a few other things too)

Archive for the ‘Personal’ Category

The Housing Conundrum

Posted by Mitch on 19 March 2010

608 Butler Springs Cr, Grovetown, GA, 30813 – MLS #322333 – Single Family Home real estate – REALTOR.com®.

I made a mistake when I bought my first house.  I didn’t “run the numbers” on the property and bought on pure “gut” feeling.  I’m still a proponent of following your gut, but you HAVE to run the numbers if you have the time – not doing it is crazy and WILL cost you money.

So… what the heck am I talking about?  Back in 2006 I found out I would be moving to Augusta, GA (stationed at Ft. Gordon, GA) and fresh off a high from “Rich Dad, Poor Dad” by Robert Kiosaki and other similar books I just KNEW I wanted to be the next Donald Trump and I was going to make my start with this house.  I made a plan to spend no more than $125k on a house and I’d picked out neighborhoods that looked great (online) and many houses that I thought looked “quaint” and then I headed out to Augusta on a 24 hour whirlwind trip to look at properties.  Well, to make the store short(er) the properties and neighborhoods I looked at online were real dumps in person…  I quickly realized this and got the realtor to show me some other places…  She showed me a couple that were in the price range and new or newish but my own untrained inspection showed fairly low quality workmanship…  so, the realtor being able to pick up on my cues stepped up the pressure to look closer at the slightly more expensive properties (I was with another Captain who was already looking at the higher priced homes – $160k).  Well the other Captain found one she loved and I found one I liked a lot ($165k) and when she put her offer in that same day…  did I wait to run numbers?  did I say “but that wasn’t the plan?”  No…  I said “and so will I”… sigh…

Now, three and a half years later I’m moving again (thanks Army!) and the market isn’t up…  If I’d stayed in the original pricing I could rent out the house for enough to cover the mortgage (PITI), management fee, and a little left over to cover vacancies or repairs…  not to mention the tax benefits!  …but I didn’t…  I bought a house that can’t be rented for enough to cover the mortgage let alone anything else.  In the long run I will still be making a good profit from this place… but the shortfall, even when rented, in my month to month cash flow isn’t fun! (Robert Kiosaki would not be pleased)

So, what do I hope you’ll take away from this?  Run the numbers (or have someone else do it for you).  Keep emotion (like fear or just doing what others are doing) out of the decision making process.  BUT…  don’t let your fears keep you from taking action!  Ready, Fire (no Aim) is MUCH better than Ready, Aim (and never Fire)…  Problems can be overcome… but it’s better to make good sound decisions up front.

Posted in Analytical / Rational, Personal | Tagged: , , | Leave a Comment »

“The Menaissance” by Brett McKay – Ignite Tulsa

Posted by Mitch on 19 March 2010

YouTube – “The Menaissance” by Brett McKay – Ignite Tulsa.

I’m often called a metrosexual…  and I never really liked it.  It implied that all I cared about was my own looks…  Now I do believe that a man (anyone for that matter) should take some measure of pride in style but not to the point of dandyism.   My other problem with metrosexual is a thinly veiled homosexual connotation which doesn’t fit my self image.  The new term which seems to fit much better?  Retrosexual.  Go back to our Grandfathers time of the 30’s, 40’s, and 50’s and you find men who took pride in their appearance, were unafraid to be masculine, believed in honesty and fairness, and; when necessary; were ready to kick Nazi ass…  I like it.

Posted in Personal | Tagged: , , , , | 1 Comment »

I’m getting traffic!

Posted by Mitch on 1 February 2010

Hello everyone,

This is just a quick note.  First, I’d like to appologize to everyone who has taken the time to come check out my blog and found one half finished entry and a couple of random thoughts.  Have no fear more is on the way, but as I’ve said before… blogging is harder than it looks!

Now, what is interesting is that by simply following other peoples blogs and commenting I’ve started driving people to my blog!  over the last few days I’ve had between 5-10 people take the time to stop by and check out my blog!  Could you imagine how fast it would snowball if I had a real amount of content to read?

Please leave me a comment if you read this…  just a “hi” will really make my day!

Thanks,

Mitch

Posted in News / Updates, Personal | Tagged: , | 2 Comments »

Blogging…. It’s harder than it looks

Posted by Mitch on 8 October 2009

So really…  Blogging should be easy, right?  I mean you have a thought and you sit down and expand on it a little.  Maybe add a picture or two and BAM!  millions of people want to read what you write… maybe even pay you for the privilege or pass some other writing gig your way…

Well… if I actually had anyone following this Blog it might make me more likely write more…  but I’ve actually had more luck generating discussion using my Facebook status updates.  Blog sites seem to need a wealth of stories and articles waiting for a first time visiter – and frankly its hard to come up with things to write about when you are stuck in one place in Iraq!

An idea…  I don’t have to write about CURRENT travels… I can build up my writing skills by retroactively blogging my past travels!  Interesting…  The obvious choice is my R&R trip back in July 2009…  Stay tuned!

Posted in Ask the Readers, How-to / Instructional, Personal, Psychological / Theoretical | Leave a Comment »