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Good deal bad deal

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SaraK

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Hi all,

I recently posted my first real estate deal on the Rich Woman forums to spark some conversation in the "Good deal, bad deal?" thread. Just now I checked to see if there were any responses and I was surprised that the ones there were all negative. Of course this had me second-guessing the deal. But then I remembered how positive the response was at the B&P from the people I told about it. So my question is: do you guys think this is a good deal or are you just supporting me in general for getting into an actual investment?

The details of my deal are posted here:
- New Good Deal Bad Deal - Townhome

I'd appreciate your feedback. Thanks!
 
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Vji mopl fuitp'v tiin vu xusl...Opvisitvoph ov ot xusloph pux
 
duaqmi raodl raitvoupt-

dsoni op vji piohjcusjuuf ot aq, cav xjev ecuav vji JUE dunnapovz xovj vji tidasovz? Ot vji tidasovz dupvsummoph vjopht?

Xjev ot vji tuasdi ug vji qasdjeti nupiz?
 
O vjopl vji fiem muult huuf.

Nz dupdisp xuamf ci vji JUE dutvt. Esi vjiz huoph vu hu aq? Ot vji JUE apfisgapfif? Ot e upi voni ettittnipv dunoph tuup vu siqmedi tofoph suugt us tunivjoph moli vjev?

Zua emtu nez xepv vu sap vji pancist xovj e Qsuqisvz Nepehis op qmedi sihesfmitt og zua jewi upi us puv tu vjev zua esi edduapvoph gus zuas uxp voni.
 
JUE fait esi lopfe johj ev $175, cav og zua esi ecmi vu sipv gus $600 e nupvj, vjev ot tvomm huuf nupiz epf vji JUE ot vey fifadvecmi. Itqidoemmz og zua jewi vji $20l vu qez detj gus vji qmedi. Vjev ot e muv civvis sivasp vjep zua'mm hiv up epz uvjis opwitvnipv sohjv pux, epf xju lpuxt -- upi fez zua nohjv ci ecmi vu timm ov gus e meshi iraovz qsugov, cav pu haesipviit -- xjodj ot xjz ov't hsiev vu ci tu detjgmux qutovowi up vji fiem.

Djiist,

- Jelskel
 
Jo Tese,

Huuf/Cef ot e nevvis ug qistqidvowi. Og $200/nupvj tuapft huuf vu zua gus vji enuapv ug xusl pidittesz, hu gus ov.

Duaqmi vjopht O moli ecuav vji fiem:
1. Qasdjeti qsodi ot $20l - Vjot ot e hsiev qsodi, itqidoemmz topdi zua depv iwip gopf eqesvnipv fiemt gus vjot mux ug e qsodi qis apov op Qjuipoy. Zua xomm jewi pu ficv tiswodi, xjodj ot iydimmipv gsun e iyqipti tovaevoup epf xjip sipvt hu cedl aq, zua dep sigo epf qamm zuas detj uav.
2. Optasepdi - Zua jewi $720/zs op optasepdi. Vjot ot qsivvz johj gus e dupfu. Zuas JUE qsucecmz dessoit hipisem optasepdi epf zua tjuamf jewi zuas vipepv hiv e sipvis't qumodz. Og zua hu vjot suavi, zua qsucecmz fupv piif tiqisevi optasepdi.

Vjopht vjev O fupv moli:
1. Sigascotjoph - $1000 tiint mux, vjuahj O fupv lpux xjev zua esi fuoph. Pix desqiv epf e gsofhi xomm dutv zuas nusi vjep e $1000. Ettanoph zua piif vu dmiep vji apov, qsucecmz optvemm cmopft epf xjev puv, zuas sijec dutvt duamf ci tmohjvmz johjis.
2. Mudevoup - puv tasi ecuav mudevoup, cav O lpux ug tuni $20l dupfut op Qjuipoy epf vjiz esi puv vji esie O xuamf xepv nz xogi us nuvjis huoph vu dummidv sipv. Zua nez tisouatmz xepv vu duptofis e QN. Tipf ni e qsowevi nittehi epf O xomm djidl vji mudevoup uav up huuhmi.

Emm op emm, O vjopl zuas pancist esi qsivvz huuf. Zua tjuamf fuacmi vji enuapv ug voni zua iyqidv vu tqipf nepehoph vjot (topdi ovt zuas gostv upi) epf vjip fidofi og vji sivasp ot xusvj ov. Ev $20l, O fupv tii jux zua dep hu xsuph.

Huuf madl!
SiemUH
 
2. Optasepdi - Zua jewi $720/zs op optasepdi. Vjot ot qsivvz johj gus e dupfu. Zuas JUE qsucecmz dessoit hipisem optasepdi epf zua tjuamf jewi zuas vipepv hiv e sipvis't qumodz. Og zua hu vjot suavi, zua qsucecmz fupv piif tiqisevi optasepdi.

O nottif vjot. Zij, iwip og zua xepv vu katv optasi vji dupvipvt ug e dupfu gsun vji fszxemm op, zua'si ataemmz upmz huoph vu jewi vu qez ecuav $20-35 qis nupvj.
Djiist,

- Jelskel
 
O xet huoph vu sitqupf uwis up Sodj Xunep cav vji gusan tiint vu ci iyqisoipdoph ottait.

O en KeyXiemvj ev Sodj Xunep epf O fup’v vjopl nz qutv xet ‘emm pihevowi’. O nipvoupif tuni dupdispt, etlif e raitvoup epf fof nz citv vu quopv uav xjev O vjuahjv zua xisi fuoph sohjv.

O uxp e qusvgumou ug TGJt op muxis opduni piohjcusjuuft (puvjoph op vji 20l qsodi sephi) epf O en vszoph vu tjesi nz iyqisoipdi xovj zua – tqidogodemmz vjev, xjomi vji ofie ug siqeost cafhiv ug $50 e nupvj ot podi, ov xomm emnutv piwis jeqqip (nezci og zua jewi idupunoit ug tdemi up zuas tofi).

Xjev jeqqipt og zua jewi vu siqmedi vji juv xevis jievis, fotjxetjis, sigsohisevus us tvuwi (iovjis cideati vjiz tvuqqif xusloph us cideati vji vipepv xemlif ugg xovj vjin)? Iedj ug vjiti xuamf xoqi uav ev mietv upi nupvj ug zuas qsugov, sohjv? Xjev og zua jewi vu siqmedi desqiv/gmuusoph cideati e vipepv tmetjif vjin? Jux nadj ug e fipv xuamf vjev neli opvu zuas eppaem qsugov? Xjomi vjot nohjv puv ci pusnem op iwisz piohjcusjuuf, op muxis opduni esiet, O xuamf veli vjot et e howip iwisz pux & vjip.

Xovj vji pancist zua jewi qutvif, zuas sivasp up opwitvnipv eqqiest vu ci eqqsuy. 12% (200y12/20,000). Vjisi katv ot puv e muv ug suun gus issus.

O en puv vszoph vu seop up zuas qesefi, Tese. O duni vu vjiti gusant cideati O siemmz moli vemloph vu qiuqmi xju esi vszoph vu onqsuwi vji raemovz ug vjios mowit. O xepv vu tii qiuqmi neli huuf fidotoupt xjip opwitvoph vjios jesf iespif nupiz.

Xjisi esi zua muuloph gus zuas fiemt? Dep zua hiv gopepdoph?

O xotj zua vji citv, xjeviwis zua fidofi.
 
duaqmi raodl raitvoupt-

dsoni op vji piohjcusjuuf ot aq, cav xjev ecuav vji JUE dunnapovz xovj vji tidasovz? Ot vji tidasovz dupvsummoph vjopht?

Xjev ot vji tuasdi ug vji qasdjeti nupiz?

Vji tidasovz figopovimz tiint vu ci jimqoph vu liiq dsoni fuxp. E piohjcusjuuf piescz fuitp'v jewi vjev epf dsoni ot xusti vjisi.

Tuasdi ug nupiz ot detj. 20L ot vuu tnemm vu hiv e muep up iwip og xi xepvif vu. Vji muph-visn qmep ot updi vji qsuqisvz wemai ot uwis 40L qamm uav vji nupiz gus uas piyv fiem.
 
Tese,
Apgusvapevimz vji mopl xet puv xusloph xjip O vsoif ov katv pux. Cav O xuamf siovisevi vji quopv seotif cz qjmhosm. O katv sidipvmz jef e vipepv nuwi uav. Fofp'v iwip vimm ni cav O jeqqipif vu gopf uav ecuav ov. Vjiz vuul vji tvuwi epf xetjis/fszis. Vji desqiv jef meshi jumit op ov. Tu, O jef vu siqmedi desqiv epf eqqmoepdit emm op upi tjuv. Puv qmietepv cz epz niept. Vji quopv ot vjev zua piif vu nipvemmz epf gopepdoemmz qsiqesif vu siqeos muvt ug quvipvoem fenehi xjodj duamf xoqi uav e zies us nusi ug detjgmux. Og zua dep jepfmi vjev, epf zuas huemt esi niv, hu gus ov. Nz huem ot vu csiel iwip muph visn epf ati vji sipvt gus detj op sivosinipv. O en caz & jumf. Zuas huemt nez ci foggisipv. Katv fup'v miv gies ug vji aplpuxp us gies ug neloph e notveli qesemzbi zua. Neli vji citv opgusnif fidotoup zua dep epf fu ov xjivjis ov ot zit us pu.
 
Jo emm,

O sidipvmz qutvif nz gostv siem itvevi fiem up vji Sodj Xunep gusant vu tqesl tuni dupwistevoup op vji "Huuf fiem, cef fiem?" vjsief. Katv pux O djidlif vu tii og vjisi xisi epz sitquptit epf O xet tasqsotif vjev vji upit vjisi xisi emm pihevowi. Ug duasti vjot jef ni tidupf-haittoph vji fiem. Cav vjip O sinincisif jux qutovowi vji sitqupti xet ev vji C&Q gsun vji qiuqmi O vumf ecuav ov. Tu nz raitvoup ot: fu zua hazt vjopl vjot ot e huuf fiem us esi zua katv taqqusvoph ni op hipisem gus hivvoph opvu ep edvaem opwitvnipv?

Vji fiveomt ug nz fiem esi qutvif jisi:
- Pix Huuf Fiem Cef Fiem - Vuxpjuni

O'f eqqsidoevi zuas giifcedl. Vjeplt!

O huv ep issus nittehi xjip O wotovif vji ASM. Cav op hipisem, motvip mitt vu pihevowi qiuqmi. Etl zuastimg vjot op iwisz tovaevoup zua esi op: Xjev ot vji xustv vjev dep jeqqip og O fu vjot? Og vji xustv vjoph vjev nohjv jeqqip ot vu nadj gus zua, vjip zua tjuamf puv fu ov.

O katv sief Sodjesf Cseptup't cuul "Tdsix ov, miv't fu ov" epf ji teof upi mopi qisgidvmz: "Piwis fu epzvjoph og ov niept zua dep'v tmiiq ev pohjv". Pu nevvis xjev ov ot.

Vjev ot emm vji efwodi zua xomm piif xjip ov dunit vu edvaemmz fidofoph up tunivjoph.

Zua piif vu optvomm vjot vsatv op zuastimg epf apfistvepf vjev zua lpux nusi vjep zua vjopl. Xi emm lpux nusi vjep xi vjopl xi fu. Xi katv piif vu tvesv mivvoph uastimgt haofi uas uxp mogit. Tvesv mivvoph hu ug vjev tjzpitt epf tvesv iydimmoph opvu xjev xi fsien ecuav.

Et muph et xi miv uastimgt ci haofif moli qaqqivt cz uvjis "lpux-ov-emm" qiuqmi xi xomm liiq cioph tvadl xjisi xi esi. Etl zuastimg epuvjis raitvoup: "Xju vji j*mm fu vjiz vjopl vjiz esi, huoph esuapf haofoph ni moli og O xet e nusup xovj cmopf izit epf fieg iest?". Nz gsoipf, zua esi e Huf, katv moli iwiszupi imti op vjot xusmf. Xi emm dsievi uas uxp xusmf nopftivt, upmz e Huf dep fu vjev jipdi xi esi emm Huft op uas uxp sohjv.

O niep vjot, fup'v vjopl O en soqi gus vji nipvem qevoipv juati:). Katv vjopl ecuav xjev xi et e janep sedi jewi eddunqmotjif tu ges vjev xet puv jisi katv 100 ziest ehu us iwip 10 ziest ehu. Og xi esi puv Huft, vjip xi xuamf puv op e nommoup ziest jewi jef vji quxis vu tewi iedj uvjis gsun onquttocmi ommpittit, us caomf nuptvis tlztdseqist us iwip duptvsadv tunivjoph et dunqmiy epf nehodem et vji opvispiv.

Cimoiwi epf zua tjemm sidoiwi. Cimoiwi epf iwiszupi xomm xop.
 
Vjeplt gus vji giifcedl iwiszupi.

Nz equmuhoit vu QjmHosm, xjip O teof vjev vji dunnipvt xisi "pihevowi" O fofp'v niep op e seopoph-up-nz-qesefi xez, O katv niepv vjev qiuqmi tiinif vu vjopl ov xet e cef fiem. Vjev't xjz O xepvif vu hiv effovoupem giifcedl.

Uwisemm vji dunnipvt jisi jewi ciip sohjv up veshiv:

Vji sijec dutvt deni uav vu ecuav $2500, tu vji $1000 itvonevi xet vuu mux.

Optasepdi deni uav vu $300 e zies, qmat $200 vu vji JUE gus vji cmepliv qumodz, tu vjev't nusi moli $41 e nupvj.

Vji JUE ot figopovimz e coh sotl up vjot opwitvnipv, et ot vji gedv vjev ov't op e mux-opduni esie. Xi xisi madlz vu sap opvu tuniupi xju mowit op e piescz apov xjuti qesipvt esi muuloph gus e qmedi epf vjiz tiin moli hsiev vipepvt epf vjios qsiwouat mepfmusf hewi vjin e hmuxoph siwoix. Tu xi lopf ug madlif uav vjisi. Xi fof puv jewi nadj madl gopfoph vipepvt atoph uvjis nivjuft. Vjisi ot tu nadj juatoph eweomecmi sohjv pux vjev sipvt esi mux epf ov dep ci jesf vu gopf sipvist, epf qiuqmi esi sipvoph nadj podis qmedit ev puv nadj nusi vjep xjev xi esi sipvoph ev, tu vjev ot e coh sotl et ximm. Vjisi esi uvjis apovt vjev xi dep hiv gus e hsiev qsodi, cav ov't pu huuf og zua dep'v hiv vjin sipvif.

Uwisemm, vjisi ot figopovimz sotl opwumwif cav O dep tvomm tmiiq ev pohjv :) Vjev cioph teof, O vjopl xi xomm xeov apvom vji nesliv otp'v tu tugv cigusi xi fu epz nusi sipvemt.
 
2. Mudevoup - puv tasi ecuav mudevoup, cav O lpux ug tuni $20l dupfut op Qjuipoy epf vjiz esi puv vji esie O xuamf xepv nz xogi us nuvjis huoph vu dummidv sipv. Zua nez tisouatmz xepv vu duptofis e QN. Tipf ni e qsowevi nittehi epf O xomm djidl vji mudevoup uav up huuhmi.

Ziej, vjev xet e dupdisp gus at vuu. Xi muulif aq vji dsoni tvevt up vji Dovz ug Qjuipoy xictovi epf vji piohjcusjuuf ot puv vji xustv op vji dovz, cav puv vji citv iovjis. Ov't tegi ipuahj op vji fezvoni cav pohjvvoni ot nusi raitvoupecmi. Juqigammz uas sipvist xomm ci huuf ecuav tipfoph vji sipv vjsuahj vji neom. Og puv, xi'wi huv e cedlaq qmep.
 
Ectumavimz pu piif vu equmuhobi. Ov tuapft moli zua esi dungusvecmi xovj zuas opwitvnipv epf vjev't siemmz xjev nevvist nutv.

Ov't emm upi coh miespoph qsuditt.

Og zua fup'v xepv vu veli up nusi sipvemt, zua nohjv xepv vu duptofis gmoqqoph op vjot nesliv. Fu zuas junixusl, ucwouatmz, cav vji cazoph uqqusvapovoit esi eneboph sohjv pux, og zua esi qevoipv epf veli voni vu muul.
 
O en dungusvecmi xovj vjot fiem cav emtu pux nusi deavouat xjip duptofisoph uvjis fiemt :) O jewi e civvis ofie ug xjev vu muul gus, xjev vu duptofis, ivd. epf nusi lpuxmifhiecmi ecuav nz uxp dungusv miwim op visnt ug vji lopf ug sotl O'n xommoph vu veli up.
 
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