Saturday, September 10, 2011

Been Thinking Earlier Today

Almost finished moving everything.  I decided to leave the refrigerator and stove in the house.  If someone comes and steals it so be it. 

There are a few things that I have discovered throughout all of the things that have been happening!

  1. Attach to nothing
  2. Slow down, don't make the first decision that comes to mind.  Sleep on it and come up with a decision the next day.
  3. Worry not, things have a way of working themselves out
  4. Let people help me
  5. Shop around.  Don't always jump on the first one.  Get bids, don't just tell them they have the job
  6. Stop spending so much, take my time in making decisions
  7. Be honest
What will happen is going to get a for rent sign and put in the front of the house.
Write letters to the mortgage company asking for a better interest rate and a grace period
Disconnect the utilities, all of them

As I come up with ideas I will post them.  To some extent I think I am crazy, but not as crazy as others.  Will work toward purchasing these properties and keep it moving.  Thanks for reading!

What Am I Doing Wrong?

This is everything that is happening in my life! 

First, been paying attention to the way things have been working out.  I have had cash 3x over and spent all of it.  On what?  Your guess is as good as mine!  Need to step outside of self and see what is really going on.  In my own opinion, I have taken on more than I can handle.  Getting this house fixed has cost more than I thought it would.  The guy I have working for me doesn't have transportation, therefore, he doesn't have the cash to buy his own materials.  Out more money there.  The positive side of that is he is finding things that are wrong and letting me know and fixing them.  The house should have been rented last week, not an options. 

The house that I moved my stuff into, got broke in.  So, I had to move everything yesterday.  They only took the television (flat screen, of course).  Plus, the neighbor had a video camera and caught them walking with it down the street.  Maybe the cops can decipher who it is.  Also, the money that they got from the tv is gone.  What is the world coming to?  Most of my stuff has been removed.  The only thing in the house is books, stove, refrigerator and some other things.  I did get storage, so that is a good thing. 

I thought that one mortgage payment wasn't paid, but she paid me in advance for this month.  Right now at this moment, I am going toward zero.  Supposed to close on the house at the end of the month, but I don't think that will be a good option.  Being that I owe

Suntrust 2x
Bank of America 2x
Person working on house $300
Materials to fix house
Power bill $400+ (of course this is late and I need to transfer service to Fisk to complete repairs)
Water bill
Marybelles car note $500
Marybelle and Liam's insurance $133

I am sure there is more that I owe, but looking all of these bills comes close to $4000, that I don't have.  Plus, I am supposed to close on the house at the end of the month.  As I and you can see that isn't going to be an option.  Make the first thing first,

Make sure there's enough money to cover car note
Pay person working on house
Get property manager to put the power in her name (will not have to pay late fees)
Pay the water bill
Let guy know that I still want to purchase home, but can't due to other obligations
Get Fisk situated and rented out
Move all stuff from other house

As things started to crumble in my face.  I realized that there are some business things that need to be taken care of, for instance, all of the properties need to be under one umbrelle.  Meaning there needs to be an LLC formed so that in cause of emergencies no one can take them away from me.  No co-mingling which I admit, I have been doing the entire time.  That is not a good way to go.  I will admit, I am not doing what is best for my properties.  It seems the better things get the worse they get. 

As far as the house that I moved out of, there were signs and my mind was not in a good place to recognize that.  For instance, I looked myself out of the house twice last weekend.  That was a sign and didn't see it.  Not dealing with the properties, but when going to work, I haven't been dressing up, just getting by.  All of this has to stop.  Today, I will make the most of what I have and make the main thing the the main thing.  Write letters to the mortgage companies to inform them that I will have the mortgages paid by the middle of next month.  Stop spending unnecessarilty.  I will admit, most of the money I have been spending has been going toward eating out.  Living between to homes is not a good thing. 

On a good note, me moving will save money and allow me to get caught up on all of these bills that I owe.  I have taken on more than I can chew.  Once things are caught up
Put all houses under an LLC
Apply for business license
Let tenants know there will be someone coming by every 3 months to check on the houses to make sure things are working probably.
Put money in the Suntrust Account and use that for business
Slow down

In some aspects, I feel like a failure, but I know this isn't the case at all.  I am being worked on and no one did this but myself.  Now all I have to do is remove myself from these situations and make the main thing the main thing.  Right now, the main thing is getting Fisk up and running.  In doing so, that will bring in cash that I didn't have.  I know that this too shall pass and when I get on the other side of this I will be in a better place.  Things happen for a reason and this is happening to let me know that I have taken on too much. 

Writing/typing has made me see things in a different light.  It has made me feel better about my situation.  There is light at the end of the tunnel.  I am not the first and will not be the last to get in this type of situation.  I will be alright.  So first things first, write letters to mortgage companies to let them know I am aware of the late fees and will pay them as soon as I can. 

It doesn't seem like I will ever achieve financial success, but these are the roads to make it work.  Everything will be alright in a few months. 

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