Comments on: Too scared to buy? That's OK … just jump in, anyway! http://7million7years.com/2008/05/09/too-scared-to-buy-thats-ok-just-jump-in-anyway/ How to make 7 million in 7 years ... Thu, 24 May 2012 01:26:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: AJC http://7million7years.com/2008/05/09/too-scared-to-buy-thats-ok-just-jump-in-anyway/comment-page-1/#comment-984 AJC Sat, 26 Apr 2008 18:21:56 +0000 http://7million7years.wordpress.com/?p=135#comment-984 @ Fiscal - why are you selling? Maybe you can find a way to stay in the game while you are back at school? @ Chris - Positive cashflow on residential, I have found to be almost impossible ... if you can cover the negative and you can hold for a very long time, I have an upcoming post that says "buy anyway" BTW: I don't post personal details so that I can remain free to post the important stuff (i.e. the numbers). :) @ Fiscal – why are you selling? Maybe you can find a way to stay in the game while you are back at school?

@ Chris – Positive cashflow on residential, I have found to be almost impossible … if you can cover the negative and you can hold for a very long time, I have an upcoming post that says “buy anyway”

BTW: I don’t post personal details so that I can remain free to post the important stuff (i.e. the numbers). :)

]]> By: Chris http://7million7years.com/2008/05/09/too-scared-to-buy-thats-ok-just-jump-in-anyway/comment-page-1/#comment-983 Chris Sat, 26 Apr 2008 16:29:20 +0000 http://7million7years.wordpress.com/?p=135#comment-983 AJC, Great blog, I have been scouring it for the last few days. This entry sparked my interest to leave a comment, specifically where you say "… I usually don’t advocate buy-to-sell for real-estate …" I wanted to know where you are physically located and which state(s) you have your investment real estate in. I am located in California (Sacramento area), and while prices are a long ways off their all time high, it is still very difficult to find a property that can rent cash flow positive. What are your thoughts on this? Mind you, its getting pretty close to rent cash flow positive, but using something like the following form to account for everything, you are still looking at $1-200 a month net loss. http://visulate.com/cgi-bin/invest.cgi AJC,
Great blog, I have been scouring it for the last few days. This entry sparked my interest to leave a comment, specifically where you say
“… I usually don’t advocate buy-to-sell for real-estate …”

I wanted to know where you are physically located and which state(s) you have your investment real estate in.
I am located in California (Sacramento area), and while prices are a long ways off their all time high, it is still very difficult to find a property that can rent cash flow positive.
What are your thoughts on this? Mind you, its getting pretty close to rent cash flow positive, but using something like the following form to account for everything, you are still looking at $1-200 a month net loss.
http://visulate.com/cgi-bin/invest.cgi

]]> By: Fiscal Musings http://7million7years.com/2008/05/09/too-scared-to-buy-thats-ok-just-jump-in-anyway/comment-page-1/#comment-982 Fiscal Musings Sat, 26 Apr 2008 15:26:26 +0000 http://7million7years.wordpress.com/?p=135#comment-982 That's quite the story. I actually bought my first house while still in college, just before I graduated. I was moving away to take a job, but I wanted to own a rental so I bought it anyway. I figured the worst case scenario was that I'd have to cover all the payments which I could do with the new job. I'm now selling that little house for about 25% more than what I paid for it, and I'm going to be putting up my current house for rent when we move again to go back to school. I have definitely enjoyed being in the game. That’s quite the story. I actually bought my first house while still in college, just before I graduated. I was moving away to take a job, but I wanted to own a rental so I bought it anyway. I figured the worst case scenario was that I’d have to cover all the payments which I could do with the new job.

I’m now selling that little house for about 25% more than what I paid for it, and I’m going to be putting up my current house for rent when we move again to go back to school. I have definitely enjoyed being in the game.

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