It's a very rainy and cold day out here in Los Angeles (I can hear the Midwesterns snickering). Perfect day to start my journal.
Having grown up in Wisconsin with the snow and ice, it took awhile for me to accept the fact that some people have trouble driving in rain. But the freeways do become terribly caked with oil during our long dry spells and the first rain leads to extremely slippery conditions. And since so many people have relatively little experience with actual weather, it makes sense that it takes a while for some of them to learn the ins and outs of bad weather driving. Since the drive always takes longer than usual if it's raining, it gave me more time to think about REI on the way in this morning. It took me 45 minutes to go the first 8 miles at which point there is a highway sign telling you what your drive time is going to be. It was telling me it would take 55 minutes to go the additional 12 miles. But it actually only took about 30, so all in all, not a terrible drive into work.
I had the good sense to buy Dean's books a few months back. Between the books, the AFF, conference calls, the extra goodies Dean has sent to us to read, DG.com, and the Empowerment Series, I'm ready to go. The plan was to do a few assignments, build up my bank account, and use some of that money to stop renting and buy a house for myself.
The timetable for that has fortunately, in my opinion, been extremely accelerated. Sometimes you just need a kick in the butt and I received it when I found out I have to move. I am dead-set against renting again. I view it as throwing money away and with a bit more than the $1,000 a month I've been handing over to my landlord, I can get into a place that needs some TLC or at the very worst, a condo/townhome. Plus, since I've never owned a home before, I'm eligible for the $8,000 tax credit (which I really do not believe will be extended again) and to miss out on that is also like watching money go down the drain.
So now the plan is to get a roof that I own over my head and press full steam ahead with REI. I found a listing for a house last week and I'm waiting to hear back from my REA on it. It's cute, it's detached, the neighborhood is not bad, and the price is extremely attractive considering that all the comps are much higher. I'm getting in touch with a mortgage broker I was working with a few years back on a deal that went south to see what I can get pre-approved for. If this house falls through, I've seen some posts on craigslist, from investors I assume, that claim they will work with you to assume payments. I say claim because some of these numbers just take you to message where they tell you for x amount of dollars they can give you listings of such homes. This doesn't sound quite kocher to me. I know there are people out there that have an actual house with real dollar amounts that you can go see. These are the people I will seek out and perhaps find my home this way. There are also people renting out their own homes on craigslist with a lease to own option. Thanks to a post here on DG.com last week, I know how I can go about doing this and get the $8,000 credit. And finally, I've been seeing For Rent signs in front yards in my target neighborhoods, so I'll also be giving these folks a call.
So, my near-term goals are to get into my own home, do at least 2 assignments in January, and 3 in each of February and March. Then off to the EDGE event in April.
Now that I've started, I'm going to try to post at least a little every day. I feel it will help keep me motivated. I finally made it through Joe and Stacey's entire journal and I hope that I get to the point where I can help people by offering just a fraction of the wonderful advice they've shared with everyone. Next, I get started on Rina's journal.
Hope everyone is having a great Monday!
Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard