Retro: Ending Our Tenant’s Lease Agreement

When we purchased our duplex back in June, the plan had always been to live in one side while renting the other side out.  At the time we became official owners of the property though, both sides were fully rented and in the middle of their initial one-year terms.  Not a problem — the lease agreements between the tenants ...

Retro: Continue to Live Like a College Student

Retro: Continue to Live Like a College Student
Life was pretty simple in college.  Wake up, eat, go to class, eat again, go to class, eat again, homework, friends, video games, and then bed.  Maybe there were a few more things in between, but in general it really was that simple.  Life was easy, life was also fun, and aside from thinking about tuition, life was ...

Retro: August 2005 Net Worth Update

Retro: August 2005 Net Worth Update
It feels like Summer is coming to a close.  Normally at this time of year we would be sitting in our first classes of the new semester.  Instead, we have our 9-to-5 jobs to attend.  We’re a little sad — well, bittersweet is probably the better description.  We miss seeing familiar faces of friends and ...

Retro: The Process of Purchasing Our Duplex Part 2

We recently purchased a duplex property as our first official home and I started sharing the process of purchasing that duplex in a prior post.  Due to the length of content I thought it would be best to break it up into two parts.  In that first post I talked about the following steps: Preliminary Property Search Online ...

Retro: July 2005 Net Worth Update

Retro: July 2005 Net Worth Update
We started to get into a good routine during July.  Both of our jobs have been fun, challenging, and going well overall.  We found a good church to join and have already begun to make some new friends.  Life is good.  This was the first full month of work for both of us too, since my ...

Retro: The Process of Purchasing Our Duplex Part 1

Conceptually I understand the process of buying a home, or in our case a duplex.  You review the available properties in your market, secure a bank loan, make an offer where both sides agree, then go to the closing table to finalize the purchase.  Easy, right?  In theory it is!  But in reality, there were a number ...

Retro: June 2005 Net Worth Update

Retro: June 2005 Net Worth Update
June was our first month in our new home apartment with our new jobs, our new budget, and our first paychecks!  Did I mention we bought a duplex last week too?  There were so many activities involved for each of those items above, in addition to getting settled in our new city, that we did ...

Retro: We Bought a Duplex

Last month I wrote about my thoughts on deciding to buy or rent in our new home city.  I am pleased to report that we found and purchased a duplex property!  I can’t begin to tell you how many properties we looked at during the last several weeks.  Our realtor did a great job and ...

Retro: May 2005 Net Worth Update

Retro: May 2005 Net Worth Update
Here is our first net worth statement.  Moving forward I plan to total up all our accounts on the very last day of each month and provide them in this format. At the top-level I intend to separate out Assets and Liabilities.  This provides the best overall financial snapshot at any given time.  I can quickly see how ...

Retro: Deciding to Buy or Rent

Retro: Deciding to Buy or Rent
  I’m at a crossroad right now and am trying to decide what the best course of action would be moving forward. I just graduated college last week. I’m about to start my brand new job. The questions now revolve around the housing situation moving into the future. We need a place to live! The ...