How did I get sold this crap lol)Location: Winnipeg, CanadaHow it all started:My wife and I wanted to get our own home after living with parents and being able to save considerable amounts of money.At about that time, I started listening to BP and seeing how all of these investors were succeeding with real estate.

(I just wrote a deal diary of one client's home that's estimated to bring in $9,600/mo.)Also, Fairplay is a great town south of Breckenridge that while growing in home value is still considerably less expensive than Breckenridge and can make for a great ski house.

Also, if you're the optionor in an option transaction, it's not a deposit, it's NROC (non-refundable option consideration) your lawyer will thank you.

Great information for sure, and have gained considerable insights into optimizing RE investment strategies.     

We processed their application, the qualified and signed a lease for June - then they went home and we went back to work knowing we had a tenant.Since I've rambled on enough in my first two posts, I'll get straight to the pictures this time.Note that these pictures were taken at 98% complete; the following items were outstanding:pulls/hardware on the kitchen cabinets;black faceplates and one black 4-way switch for the media/accent wall had not arrived - you will see the "obviously-out-of-place white" covers and switches in the photos;the work surface over the laundry pair had not yet been installed;the handrail on the stairwell had not been installed (we usually leave them off until the movers are finished).Let us start in the kitchen:Then move on to the dining room:... and into the living room:Next, down the hallway to the laundry and bath:The laundry also doubles as the communications room and holds the patch panel for all the CAT-5e network jacks and the entrance for the fibre-optic cable from the service provider.We went with a clean and modern look in the bath - but did choose not to use tile.Next we head upstairs to the bedrooms on our new stairs - a two height landing with hardwood stair treads.Both bedrooms have a sloped ceiling along the front wall and in the walk-in closet ...

With prices reaching historical heights, my hang up is on three things:A: Should I keep pushing for that HELOC from Mom and dive in? 

These are primarily our seller credibility brochure but being a tri-fold I thought I could mail them as well and see how that works.The dilemma is that I did not give adequate consideration to the disclosure requirement to disclose my wife's real estate license in the marketing materials.

(You know what they say, Wish in one hand, sh*t in the other, see which hand fills up first).Here's to new friends, new opportunities, and new heights in life!

If your goal is simply to make the top 1%, you are not likely to be satisfied in the long run.One of my favorite financial bits of wisdom was written 3 centuries ago:Prov 23:4-5 “Do not weary yourself to gain wealth, cease from your consideration of it.

After all, moral considerations aside (and they shouldn't be left aside), I will still need to live and do business in this small town, with those sellers and their friends, families and neighbors.