I had a dream, which was not all a dream.The bright sun was extinguished, and the starsDid wander darkling in the eternal space,Rayless, and pathless, and the icy earthSwung blind and blackening in the moonless air;Morn came and went—and came, and brought no day,And men forgot their passions in the dreadOf this their desolation; and all heartsWere chilled into a selfish prayer for light:And they did live by watchfires—and the thrones,The palaces of crowned kings—the huts,The habitations of all things which dwell,Were burnt for beacons; cities were consumed,And men were gathered round their blazing homesTo look once more into each other's face...

As he tells it, he was super stoked on a property and completely over renovated thinking that he would make this grand cash flow palace....at the end of the expensive renovations he was left with maybe 100 bucks more of cashflow per month than if he had just done some simple remodeling.

I call it a 90s palace, my husband calls it a monstrosity.

Originally posted by @Roxie Kim:Originally posted by :@Libby Baugher at your age, I would not refinance my persona home into a 30 year loan.

While on vacation in Mexico I was talked into buying a timeshare by a very persuasive salesman. My husband and I were harangued for 2 hours and finally we agreed to buy the timeshare. The salesman made many fraudulent...

Motivation: always loved houses - and when our 4 kids were small I needed to find flexible ways to make additional incomeBiggest struggles: Early on it was finances - had to work with OWC deals only - learnings: tried to absorb as much as I could from the seller perspective such as: what lenders want to see in a home, how lenders qualify buyers, what buyers want in a house, how to create a viable product with limited funds (safe, legal, and appealing)Love & Hate: love a project - finding the deal, turning a dump into a palace, and getting it sold. hate being a landlord - just not for me. 

Future palace

A house, temple, or palace was built, it stayed until it was rotting around your ears, and then you tore down the bad parts and rebuilt it. 

It would be a logo with "Paul's Palaces" under the logo and my phone number under that.

Or “desperate to buy a home, here’s the only palace getting cheaper.”