LIVING OFF DIVIDENDS & PASSIVE INCOME

Did you guys hear about the tenant who left behind 70,000 beer cans?

Bet that put a lot of you newbie real estate investors off. Actually the story has a few positive points. For one, the tenant stayed for 8 years. Thats a really long time. There are always costs associated with cleaning up and readvertising the house. After 8 years you’d have to change the carpets and paint the walls. Maybe do some yard work. The longer a tenant stays, the less cost you have. And the $800 that the cans sold for definitely helped defray that cost. Plus he probably lost his deposit, so I think the landlord actually was happpy! I know I would be.

• Top 10 Reasons Why You're Not Rich Thestreet.com has a good article on Why you're not rich.Here's the summary:You Care What Your Neighbors ThinkYou Aren't PatientYou Have Bad HabitsYou Have No GoalsYou Haven't PreparedYou Try to Make a Quick BuckYou Rely on Others to Take Care of Your MoneyYou Invest in Things You Don't UnderstandYou're Financially AfraidYou......
• Trump Fires Carolyn! Todays news is Donald Trump fires his sidekick Carolyn Kepcher after more than 10 years!Atleast she last a lot longer than most contestants and she also got a book deal out of it!! Maybe she should read the "Joys of not working" ;-)Also, Warren Buffett married his long time "companion"......
• Proof that Southern California's housing market is dropping check out this site. http://www.forsakencraft.com/proof.htm.The condo I sold last year is already down 15%. I'm renting it back from the buyer. She bought it as an investment on a 3/1 ARM with 10% down. I glad I got out. Some one of my friends weren't so lucky.Check out this cry......

• Money Mistake Monday - Owe More Than It's Worth Syndrome. Have you ever gone to trade in a car you "own" only to find that you owe more on it than anyone will give you for it? I am sure a lot of people have; I have too. I once had a Volvo that while I had gotten a great......
• Average Cost of Home Maintenance Per Year The average cost in home maintenance each year is around $750-$1500. This figure can vary from year to year depending on what maintenance items you’d like to address. Below is a breakdown of typical costs homeowners will incur to properly maintain their home. Furnace Filters $80/year: These cost around......
• One in Four Households Struggling The Guardian newspaper published an article on Thursday with the headline "A quarter struggle to pay bills". "Around 25% of people claim they can no longer afford all of their essential outgoings, including mortgage repayments and food, according to insurance specialist Bright Grey. A further 14% of people admitted their......

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