"100% of people who do not save money do not have any!"--Dave Ramsey

[Fat Charlie]

Originally Posted by Xist

One of the agencies in the valley responded. They asked if I wanted to change agencies or serve two masters.

Ha! The joke is on them!

This would be my third.

Originally Posted by redpoint5

I know that Xist cares about his family relationship, and I make no judgement about that. However, that comes at a cost to opportunity for personal advancement.

I judge him for it. He's awesome. His life would be so much more apparently better if he only stopped caring for the people he loves and left an area that has so little of his work to offer him and so few rational people in his dating pool. But he takes care of the people he loves. He doesn't like the costs, who would? But he doesn't stop.

Yes, Xist, you're awesome.

[oil pan 4]

Originally Posted by Xist

Than retirement?

Let's say that I save up $14,000 in the next year. I put 10% down on a manor, which I rent out for 26 years, and barely pay it off in that time.

Let's say that I barely break even.

If it keeps up with inflation for 2.6 decades at 3% it will be worth $301,922.78.

Nope need to be a slum lord. If you try to provide nice rentals by buying $75,000 to $120,000 homes people will just destroy them. Buy a shart hole for $20,000 and charge 50% to 75% rent for what the payment is on the far more expensive houses.
Our first rental house has just about paid for its self in 3 years.
Or you buy an expensive home for you and take care of it.
Beats renting.

[Xist]

Originally Posted by Fat Charlie

Yes, Xist, you're awesome.

Two compliments in one day?! The Internet never prepared me for this! What am I supposed to do?!

Thank you Fat Charlie!

Ah nuts. I never worked with my brother.

I just searched about thirty different sites, including all of the major ones, for SLPA jobs.

Nothing.

Has anyone used Job.com?

It sounds like the Rakuten of job seeking!

Employers pay to find new hires and Job.com pays people 5% [of what?!] when they accept a job.

I just wish that I had some idea of what jobs they list. You need to create an account.

"We are revolutionizing how people find work with the Job.com Visa® Prepaid Reward Card"
"We share most of the fees that would normally be paid to an agency with our jobseekers."
So, not 5% of their fee?
"[W]e [...] offer you [...] up to 5% of your first-year salary as a reward."

Ooooh.

The site that mentioned it said that it used blockchain technology derived from cryptocurrency, but the website does not mention it.

Oil Pan, where the heck would I find a house for $20,000?!

[oil pan 4]

If you took $14,000, made 3% on it, after 30 years it would be worth about $100,000 if you didn't add to it.

My wife's grand parents house tax value in the bad part of clovis newmexico is $20,000 to $25,000. But if I could have bought the pieces of really run down junk on either side of it, ran them over with a D6 I would double the value as soon as the rubble gets cleaned up.

[Xist]

All right. Here is the cheapest house in New Mexico:
Two bedrooms, one bath, 892 square feet, for $8,100. May need paint:

Check out the bonus room!

Where is this metal sheeting?

Maybe it needs a little work.

This is not much storage!


Where is Tucumcari?

The eastern side of New Mexico. You know, near Texas. I am going to argue this is a poor investment for a guy in the state to the west.

It is small! How much could it cost to fix up?!

Two bedrooms, two baths, 1,150 square feet for $14,900. Needs to be mopped-twice
This is the front of the house?

This was carpet?

Why are there holes in the wall?!

Someone ripped out the toilet?!

Why does the same room have two types of tile? Are those linoleum tiles?


It is a bit closer!

Hey! This one is in Portales! My MUMU program is in Portals! I kind of want to visit Doorways!

Doorways is 20 miles from Texas!

Two bedrooms, one bath, 948 square feet for $18,808. Nicer than Afghanistan!
I would buy this immediately if it were in Show Low!

I am not showing more pictures. It is small and dirty, but only one room shows damage.

How much is the realtor bribe on $18,808?

5% is $940.40!

Two bedrooms, 1 bath, 1,485 square feet for $29,900. Needs roof repair.
It is cute and surprisingly big!

Holy mother of Mazda!

Every room is like that!

It looks like it has 6' ceilings and then, you know, the roof fell down a little.

Two bedrooms, one bath, 670 square feet on 2.75 acres for $33,000
I would also buy this one right away if it were in Show Low. It is almost 30% bigger than the blue house with bars on some windows, but the property is huge!

Honestly, it just needs paint and some minor repairs--as far as I can tell.

Three bedrooms, 2+ bathrooms, 1,469 square feet, lender-owned, as-is for $33,316
Aren't all houses sold as-is?
This house is nicer than Mom's!

Well, that put us way past Oil Pan's range. What about Arizona? The cost of living is higher, but there are way more people!

About the fourteenth valid listing is in Show Low, eight or nine miles from Mom's house. 576 square feet on 1.06 acres, but there is just a satellite picture of the area. Looking at Google Maps there is some building there, but there is a much larger building on the property, with a pickup parked in front of it. If the pickup is 17' long, the house would be around 576 square feet, and Google tagged a shed.

It was supposed to be sold at a foreclosure auction last September.

Zillow does not give the lot size. I got that from RedFin, but it doesn't have any other information.

Hey, Graham Stephan and Kevin always tell people to become realtors. RedFin doesn't cover Show Low because they don't have any agents.

I wonder if that is an opening.

"I am RedFin's most experienced realtor in Show Low!"
"How many houses have you sold?"
"Sold?! I haven't even shown any houses! Wait! Come back!"

I could not find any information on that from other sites.

All of them said that it was off of the market. They got it out of foreclosure?

Ninety miles away on the other side of a big canyon for $27,112.

$42,054 in the same town.

$47,600 in Kingman

$49,900 888 square feet in Ajo; looks great!
$54,839 in Ajo. No pictures.

$51,482 in Tacna.

13% less than that house that I found on Craigslist and a little closer, but half the size! 1,008 square feet for $56,644

$37,500 in Benson. I think that it is cute, but many of the pictures are dark! Over four hours south.

$54,776 in Casa Grande.
$32,487 in Casa Grande

Three-bedroom, two-bath, 1,418-square-foot fixer-upper in Bisbee--50 minutes south of Benson!

So, no houses currently in or close to Show Low, but if I want to be a slumlord, how about a mobile home? Two bedrooms, one bathroom, and 740 square feet for $49,500. Honestly, it is clean, and in good shape, but sixty years old!

Zillow says that with $9,900 down and a 30-year mortgage at 4.126% it would cost $192 a month. Property tax and home insurance would be $50. Property taxes are $254 for the year ($21.17 monthly).

That totals $263.17 a month.

This is the cheapest home that I remember finding for rent in Show Low. 907 square feet for $732.

Would $600 be fair for the mobile home? So, $336.83 a month to cover my electrotherapy bill?

[oil pan 4]

If you are going to buy something, the closer the better.
Long distance rentals end up like most long distance relationships.

[Ecky]

I'm not wise enough in the way of real estate, but my math told me to avoid mobile homes when buying for myself.

[Fat Charlie]

Makes sense. You wouldn't buy a car an consider it a long term appreciating asset, either. In the end, you're left with something that's only real value is as scrap.

[oil pan 4]

Originally Posted by Ecky

I'm not wise enough in the way of real estate, but my math told me to avoid mobile homes when buying for myself.

It made trump rich.
Yes mobile homes are typically money pits,

[Xist]

Have I mentioned "Over the last two centuries, about 90 percent of the world’s millionaires have been created by investing in real estate."? 90% OF THE WORLD’S MILLIONAIRES DO THIS TO CREATE WEALTH

Oil Pan, how many rental properties do you own?