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Wednesday, August 18, 2004

Happy Birthday!!

Today is my birthday! Yay! I'm now mumblemumble years old.

I had to stay home yesterday morning to meet some contractors doing some repair work at my home, so I took the opportunity to call the escrow agent and make sure everything was progressing smoothly. I remember when one time I was buying a house, at about 2 PM on the day before we were supposed to close, I got a phone call from the escrow company saying I had a bunch of stuff I still needed to do, including a payment that I needed to make for something. Needless to say, I ended up doing a heck of a lot of running around and was more than a little stressed out. I don't want to repeat that. This escrow agent said everything looked good and we were on track for an August 30th closing. Just to be sure, I'll probably call again 4-5 days before we close.

I also had to follow up with the company that repaired the sprinkler system. They still haven't mailed me my receipt.

Oh.. I got a nice surprise yesterday. I received a letter from a title agency saying they had issued me a check back in April of 2003 that had not cleared yet. I guess when I refinanced the rental property, there was some sort of refund I had coming that I missed. Anyway, they are going to send me a new check. It's only $70, but it's still a happy little bonus.

4 comments:

aidil said...

Happy Birthday! :)

It's great to see you devoting time into this blog, and of this, i'm beginning to see the possibilities of doing my own first real estate deals.

My name is Aidil & I'm a fresh grad, living in malaysia, in an apartment which is currently for sale and i've been calling up the agent as to how much profit would one get out of owning this apartment. The place i'm at is whithin the Multimedia Super Corridor and is prime for heavy development. Head over to http://www.msc.com.my/ to see more of it if youre interested to know. Anyways, the apartments i'm in are mostly occupied by students of multimedia university and limkokwing university, and then there are the people working within the MSC area who're tenants.

the exciting this is there are a plentiful number of apartments for sale and almost every apartment already has tenants in them (i think they owners are looking for quick ways to make capital gains and move on..).

I'm a fresh grad, freelancing for money, and probably am not qualified for home loans / mortgages.. but am really looking forward to get an apartment over here as there is guarenteed tenancy :D . So Shaun, what would your take be on this? thanks

take care.

Shaun said...

Thanks for the kind words! It sounds good to me. Of course, laws and procedures are likely quite different in Malaysia and the U.S., but the general concept remains the same - buy low, rent for more than your payments, and you'll be set! When figuring your cashflow, be sure to allow for repair costs.

misteropus said...

Happy 36th birthday. :-) Just seems like yesterday you were a youngster playing Wing Commander I and listening to Debbie Gibson. Now you are on your way to becoming a real estate mogul.

Shaun said...

Ssh! Don't bring up my sordid past! :-)

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