House 2
Well, it turns out one of those two interested parties wants to LEASE the property (not buy it). I was hoping I could just sell the thing and be done with it, but I purposely inflated the lease price just in case someone was willing to lease it. This way it will cover my PITI and I could CF a little. I'll still be in the red for a good while until I can sell it, but now I may just refinance it and reap more CF. Needless to say, I was a bit unprepared to have someone lease it - not to say it's a done deal yet as I still need to review the app and background info on the potential renter.
Free Credit Report
Shaun had a blog entry a while back about getting your annual free credit report (sorry Shaun, I didn't have time to get the actual blod entry). You can get yours at AnnualCreditReport.com as I suggest everyone do. I got mine from all three reporting agencies the other day, and found an error on ALL three! The errors were minor (i.e., open accounts that should have been closed), but it's just an example of needing to review one of the most important financial documents that exists for you on a recurring basis. Also, when I purchased House #2, the broker told me that an account showed a balance of over $10k on it, but also said it showed no delinquencies or late payments, but also no recent payment history. I called the creditor and found out they didn't close the account propertly, but would do so. That was one of the first things I checked on these reports, and sure enough it was taken care of. Now I just need to call those other creditors that have the open accounts which should be closed.
Deed
After not getting a call back from the title company (suprise there, eh?), I called THEM back. The lady said they've been busy and she has my file in queue to review. She said she would call me back once it's "my turn". Joy.
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1 comment:
Hey Steve,
Was wondering, since follow the other popular re blogs around here is how come you didnt jump on the Tulsa investing bandwagon along with Sean-o & Seattle slew? If there are such good deals being made by the maiden, I figured you would have forgotten about WV & turned your wagons to Tulsa no?
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