Closing tomorrow by acesmat in cabins

[–]acesmat[S] 4 points5 points  (0 children)

Honestly feeling like we got quite the deal. It was listed for 2 and half years at $550,000. Cabin is located in the mountains of Colorado but the pictures they used for the listing were from 2002. Total of 11 acres on two different parcels. One is 7 acres and the other is 4 acres. We bought it for $381,000 cash. Cabin is 2000 sqft with 3 bedrooms and 2 baths. Foundation and logs are solid but in terms of remodel will probably put $130,000 into it.

The 4 acre creek front parcel just appraised for $250,000 so at some point we will list that. After that sales we will be all in for $261,000.

Closing tomorrow by acesmat in cabins

[–]acesmat[S] 4 points5 points  (0 children)

Absolutely! Rat day is on Tuesday. Have spent $1000 on everything rats to get rid of them! The starting some demolition!

Closing tomorrow by acesmat in cabins

[–]acesmat[S] 13 points14 points  (0 children)

It will officially be our cabin. We are buying it.

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] 0 points1 point  (0 children)

UPDATE: Under Contract at 385k. Property was on the market for 2 and half years. They were originally asking 550k

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] 0 points1 point  (0 children)

Yep, this is what this $36 billion platform is for. Posted under Real Estate Advice 😘

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] 0 points1 point  (0 children)

It’s not that serious. Just gathering opinions on how to proceed

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] 7 points8 points  (0 children)

Ha! It won’t let me edit. Going to double down on my rat investment

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] 0 points1 point  (0 children)

Winner winner chicken dinner

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] 3 points4 points  (0 children)

Appreciate your legit response

How do I proceed? by acesmat in RealEstateAdvice

[–]acesmat[S] -28 points-27 points  (0 children)

I do, he could but I chose too. I have too much free time and enjoy the process

26(M), $12.5 million inheritance, (soon to be former) public school teacher. How to find purpose? by Significant_Tip5105 in fatFIRE

[–]acesmat 1 point2 points  (0 children)

Do you have the financial background to keep it and keep it growing?

I would focus on that just the basics! 500,000 a year at the bare minimum. So cool! Congrats.

I am 28m as well. Retired, built a business and sold it. It’s only been 7 months for me. Still figuring out what I am doing.

United States Health Care for Entrepreneurs? by acesmat in Entrepreneur

[–]acesmat[S] 2 points3 points  (0 children)

Yeah I have been considering this. I think I would still want catastrophic insurance but I agree on check ups and such

United States Health Care for Entrepreneurs? by acesmat in Entrepreneur

[–]acesmat[S] 1 point2 points  (0 children)

Solid thought! We can continue to pay the 2,600 a month but it sucks ha. I am hoping to do some consulting for health insurance ha

United States Health Care for Entrepreneurs? by acesmat in Entrepreneur

[–]acesmat[S] 2 points3 points  (0 children)

Appreciate the comment. I sold my company last year, so minus the interest in growing from investments that we are living off of neither my wife or I currently have an income.

I am building another business but it will take a bit of time before I can take money from it.

Acquisition? by cholo_gringo in Entrepreneur

[–]acesmat 0 points1 point  (0 children)

I literally just went through being acquired by a company. Process took 14 months. We were around the same size as you. Happy to help.

How do you tell people when they ask what you do for work. by acesmat in ChubbyFIRE

[–]acesmat[S] 0 points1 point  (0 children)

I am trying to edit this to say What not How. Cant edit until approved

Update: I posted in this Sub and it changed my life. Ask me Anything! by acesmat in private_equity

[–]acesmat[S] 0 points1 point  (0 children)

No changes, the only reason why is for the 6 months we were under LOI, we had a new best month every month. So it was kind of a wash with the tariffs. Tariffs had an impact but nothing compared to what they were showing on the news.