Getting Ready for Vacation: Preparing to fly with children

In just under 2 weeks, my husband and I along with our 2 daughters will be flying to LAX to visit my father and his wife.   Our daughters are 3 and 6 years old.  Flight time to LAX is 5 hours and 17 minutes. Coming home,  it is 4 hours and 33 minutes.Checking Luggage vs Carry On:  I learned the hard way that trying to carry everything onto the plane just isn't worth the $ savings when traveling with small children. ...more

Investment Property: Advertising our Rental and Screening Tenants

To advertise our new rental property, I've posted an ad on a local news site, craigslist, Zillow and Trulia, all of which were free to use.I received lots of calls and emails and had about 10 showings before receiving our first and only set of applications.  Luckily they seem to be good candidates.  They submitted there application within a couple hours of seeing the property. ...more

Investment Property: More Negotiating and Closing

I've been posting about the process we've been going through in purchasing our first investment property at http://www.theripplesaffect.blogspot.com Here is an update on the negotiations and closing of our property....more

Investment Property: Closing Costs are Annoying

June 5, 2013...more

Investment Property: The Home Inspection

June 1, 2013We had the home inspection yesterday for the new condo.  There isn't any major issues with the condo.  Here are some of the issues the home inspector found:...more

Investment Property: Negotiating and Purchasing our First Investment Property

May 20, 2013Well we did it.  We just finished the paperwork for an offer on the condo next door to us.  Today has been a rollercoaster of emotions from being super excited to absolutely panicky.  Now I just have to try to be patient until we here back from the buyers.  I'm not very good at being patient.May 23, 2013 ...more

Investment Property: Monthly Income Scenario and What If's

May 16, 2013Our monthly expenses for the Investment Property would be $469.  This would include our mortgage payment, taxes, condo fees and insurance.So if we were able to rent the unit for $800 a month, we would be bringing in $331 per month in income.  I think what I would want to do is set up a separate account and just let the money accumulate for a while for it to build a cushion for any repairs that we would need....more

Investment Property: Return on Invesment

May 15, 2013I've been running some numbers to figure out if it makes sense to move forward with the purchase of another condo to rent out.Absolute Worst Case Scenario:  We can't find anyone to rent the unit.  We would have to pay the mortgage, taxes and condo fee every month.  Not to mention not being able to recoup the money that was spent on closing costs, home inspection, and loan fees....more

Investment Property: Evaluating the Costs

This is a continuation of a series of posts that I have been posting on theripplesaffect.blogspot.com.  I have no real previous knowledge in real estate investing and managing investment properties.  This series is documenting my attempt to purchase a property and rent it for a profit...hopefully.May 14, 2013...more

Investment Property: Making the Decision

My husband and I recently decided to move forward with purchasing an investment property. I've been posting about it on theripplesaffect.blogspot.com but thought I would post the series on Blogher as well.  This is something that I had always wanted to do but have been too scared to.  So follow along with the ups and downs and see how well investing in real estate does for me, or doesn't.  We'll have to see.May 8th, 2013....more
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