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Splitable Property

Splitable property is the way to go. I cannot believe that there are that many property owners out there that do not realize they are sitting on a gold mine! Listen to this deal. I am currently purchasing a home that is roughly 60 yrs old with no basement, but has an attached garage, and that is the key, just continue reading. It is no surprise to me or the current homeowner that one split is available. But, with a little bit of research and real estate knowledge I have found out that a second split is also available. Now hear me out. With an attached garage (by means of a breeze way) you need a minimum of a 10 ft. side easement is needed (fancy lingo for distance from property line) with a detached garage only 5 ft. is needed. If I detach the garage from the house (take out breeze way) I will then have enough property to split that off and join the condominium association that is next to me. Using some of my property and some of theirs and being partners with the association. Now keep in mind that I still have that house. So I rent that out and it pays for itself and all the property I am able to use. This is a great opportunity! These types of deals are out there for everyone. I would advise to anyone when purchasing a home always look years past the initial purchase. Take the time and do the research it really pays off. ALWAYS ask questions. If it's your first purchase, great, get started off on the right foot. If you don't know what you are talking about in regards to real estate, don't act like you do. Whoever you are asking advise from, tell them directly "I don't know, I need help". It may be the wisest decision you make. Admitting that you need help or advise is a lot smarter than acting like you know and making a poor purchase. My advise is free just ask.

"Homebased Business"

I decided I would try my hand at one of these "homebased businesses" or at least find out for myself why everyone gives them such a bad rap. I will say one thing right from the beginning. The people that I deal with in this business are very, very helpful. If I need help I can call several different people all over the country at any time directly on their personal cell phone and they are more than willing to give me the assistance I need. I was so worried about being left out in the cold, after paying to join, without knowing what to do next and no one to contact. That is definitly not the case. Everyone wants to help you make money which was such a relief and made me feel that much more secure in my decision. Now one other thing that made me real sceptical was the fact that everyone says you can make 5k, 10k, 15k, a month within the next couple months. It seems to good to be true, right? I personally feel this is what leaves a bad taste in your mouth. When a person joins this business that is what they are expecting, and when they do not achieve that income, they feel they got handed a raw deal. While some people may be achieving that type of income, I personally do not see that type of money either. I look at it like this. I realize this business will not allow me to quit my day job within the next month, year or maybe even five years from now, but if it can make me an extra 5, 10, or even 15k per YEAR, it is still worth it to me, because it is that much more I did not have previously. Now, like I stated previously, and I will say this time and time again, that real estate is my true passion. The extra money simply allows me to grow further and faster by being able to put more money down on my next real estate purchase. An extra 10K per year never hurt anyone.Do you agree? Also, I give a substantial amount of my profits to charities, and am currently working towards a specific goal of making a substantial difference in the strive to supply many of the third world countries with clean drinking water. It's a shame that there are so many people in the world that cannot turn on a faucet and get drinking water. It is very important to me to be given the opportunity to help people around the world. Take a couple minutes and check out my business at www.thousanddollarprofits.com/abrummel Like I said, who couldn't use an extra 10 to 15k, if not in a month, in a year. It's worth it to me. if you have further questions please don't be afraid to post a comment or e-mail me. If you would like I would be more than willing to talk with you personally over the phone as well. I will keep everyone posted on the progress of this business and the world wide difference I am able to make supplying drinking water to those in need, all through this business.

Rental - Duplex

This was my first investment. I am actually a college quitter, but that is what drove me to succeed. While in college I rented a duplex with a couple friends and it finally dawned on me, and I thought, "the owner here really has it goin on" he owns these properties and not only does he not have to pay for it, he is actually making money. That is when I decided that is what I wanted to do. So I bought a piece of property and built one. (on a side note, I have learned that all property you buy should not only be profitable at the moment, but also in the future. For instance-- my duplex makes me money now, but is also located where commercial property is quickly surrounding it. This increases the future resale because there is always the possibility that someone will want to purchase my property for a very large sum of money and tear it down for their commercial investment.) I currently treat my duplex now, somewhat like a three unit. I made the mistake of building it too large. To compensate for that, I split one side (upper and lower) and I currently live in the basement of the split side.-- both sides of my duplex are not the same. The split side is bigger than the other.-- I do realize that, on one hand, the living situation is not 100% ideal. I mean, I own it and I live in the basement. But, on the other hand, my mortgage payment is 1,300 per month and I receive 1,650 per month in rental income, AND I live there. I'm definitly not complaining. This gives you and idea where I am at with this, everything else will be posted as a progress report.

Current Investments

Just to give a background of what investments I currently have and how I went about getting them before I start posting progress reports. One thing I want to remind everyone is that my true passion is real estate, and all other investments will aid in my ability to purchase real estate.