I certainly hope everyone had a nice and enjoyable holiday season. I know I needed the time off even though I didn't do a whole lot in regards to making myself any more financially independent. However, I spent a considerable amount of time with family, and I wouldn't trade it for all the money in the world.
However, I did do some things regarding REI, including writing a couple of programs to cut out some of the manual searching I've been doing. So far the programs have uncovered a few interesting leads, which I've inquired about to the listing agents. Two of the agents sent me some spec sheets on the properties, which I'm still muddling through. One is an 8-unit that is 50% occupied due to the other four units needing some work done on them. Another is a 26-unit that is 79% occupied and needs no work. A third is a 12-unit, but I haven't gotten any info on it yet, though.
While I was off, I also started going through my accounting for the upcoming income taxes that are due. I must say I have done an absolute terrible job in organizing my stuff. I also thought I could do the whole thing on my own, since my CPA is no longer working and left me some good information when she did my taxes last year. Unfortunately, though, I had a sale and some other things that I am not 100% sure about how to report, so I may have to find another CPA really quick.
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2 comments:
Hey Steve,
The automatic search program sounds interesting. I spend a lot of time myself manually going through listings for single family's. Can you give any details on what your program does?
Thanks,
John
John - Sure. It's basically a web crawler (i.e., a program that downloads a web page and "weeds out" the pertinent information). I have programs that search on several different web sites and capture the information I want (i.e., price range, location). It then stores this information into a database. Most of the information I get is correct, but sometimes I'll get some stuff that is not correct (like 'for lease' when I want 'for sale', or MF properties that are actually SFR's). I can then run SQL queries on the database to better fine-tune my searching. For example, one thing I'll do for my MF table is search properties that have a price-per-unit under say $20k and sort it in ascending order based on that figure.
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