Posts Tagged ‘fixer upper house’

Refinance now to prepare for next fixer-upper purchase

Friday, August 8th, 2008


Put your financial ship in order and get ready for your next fixer upper investment house purchase.

With interest rates still historically low and sellers beating the bushes to find buyers, now is the time to put your home equity to work by refinancing your principal residence.

If you need further convincing, check out my ezinearticles.com piece Refinance Now to Take Advantage of the Buyer’s Market Perfect Storm.

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Staying motivated to make investment house repairs and finding Serenity

Tuesday, October 23rd, 2007

Setting up a reward system has worked for me to help me stay on-track for making house repairs. I promise myself that I’ll do something I really enjoy, if I first complete a task. When my wife and I were working furiously on our last fixer-upper house project, we told ourselves that we would go out to dinner at a nice restaurant when we sold the house. That gave us little more of a boost to stay motivated. A few weeks later, someone made a firm offer on the house, and we went out to dinner and celebrated, as planned.

As it turned out we were a little premature in our celebration, as the deal fell through, and eventually we wound up renting the house out. But, the reward system still worked.

This technique also worked for me when I was writing my book on investing in fixer-uppers. One of my favorite movies is Serenity. I was still writing the book when Serenity came out on DVD. I rented it and really liked it (as did my boys). So, to stay motivated, I promised myself that I would not watch Serenity again until after my book was published.

Now that my book, “Fix em Up Rent em Out,” is finished, I am making intricate plans for that much anticipated viewing of Serenity. I don’t have all the details worked out, but I know it will involve fresh popcorn, iced tea, and my boys and I shouting out our favorite lines along with the characters (e.g., “Boy, it sure would be nice if we had some grenades, don’t you think?” or “We’ve got to see Mr. Universe!”). It doesn’t get much better than that.

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