Tag Archives: credit card

Do You Have An UNFAIR ADVANTAGE?

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How crazy and tenacious are you in pursuit of your dream to rid yourself of consumer debt, build an emergency fund, accumulate savings, and start investing to secure your future?

It’s time to add a little refinement to Pad Adventure, make it more user friendly and pleasing to the eye–lest we lose a swath of the readership.

I need to post images of rich cups of coffee, luxurious textbooks, soft comfortable throw blankets and maybe a perfectly steeped cup of chai to avoid migration of the masses.

 

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A candid photo of a child, a whippet hound (is there such a thing?) or a couple on a Sunday stroll on white sand beaches would make padadventure appeal to the masses.

 

advantage dogs

 

Would it be wrong to pull some wholesome family pictures off of the internet and show how I made a pair of shoes for my virtual kids from banana peels and corn husks?

Continue reading Do You Have An UNFAIR ADVANTAGE?

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REAL ESTATE INCOME EXPOSED!–THE STRIPPER AND THE PUKER (Ep. 7)

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“NO, this isn’t the forgotten prequel to the Hobbit, a fishing show, nor is it a previously unreleased song from The Steve Miller Band–it’s episode 7 Mofo’s.”

Things were starting to move hard and fast at POS duplex #1, and I was starting to feel like a resident, given the time I was putting in.

I started noticing all the little things I assumed might work against my cause.

Funny how that works when you actually spend a little time at a place.

Continue reading REAL ESTATE INCOME EXPOSED!–THE STRIPPER AND THE PUKER (Ep. 7)

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REAL ESTATE INCOME EXPOSED!–HONEY, COME MEET THE TENANTS! (Ep. 6)

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I had done all the necessary legwork, researched everything I could and was excited at the prospect of being a landlord—I felt pretty savvy actually—my girlfriend was not so confident in my abilities, and I think it’s for this very reason she tagged along.

I’m not afraid to admit that.

If I didn’t say it already, I’m dealing with POS houses right now, not warzones, but not someplace Vanilla Ice (even during his heyday) would hang out at either.

real estate ice
Not on your life, life baby!

Continue reading REAL ESTATE INCOME EXPOSED!–HONEY, COME MEET THE TENANTS! (Ep. 6)

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How To Win Going In–Properly Evaluate Your Next Investment Property

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These are the real numbers to my first ever rental property (a duplex):

GRM: 3
CAP Rate: 36%
Cash on Cash Return: 25.3% per year

These numbers should make you salivate, I was.  If not, this is a definite read! Continue reading How To Win Going In–Properly Evaluate Your Next Investment Property

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RENTAL INCOME EXPOSED!–FIRST MONTH, FIRST PROPERTY (Ep. 5)

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The Acquisition

The first POS property was prospected from Craigslist and was acquired from a burnt out landlord who was treading water with the amount of deferred maintenance and number of properties he was carrying, all while working for UPS.

I give him credit. He was working harder than most–and doing the right things, maybe he just bit off a bit too much, too early. That’s what it takes to get this thing off the ground sometimes.

Nice guy, and I got a lot of advice and promises from him, but he left a mess, and I assume rightfully so, being that I purchased this duplex on discount.

property inspect
This is an insurance inspector. He was thorough. “Thorough” is another word I use for *******. He was thorough.

I also got some great ideas as far as “necessary” lease provisions that Continue reading RENTAL INCOME EXPOSED!–FIRST MONTH, FIRST PROPERTY (Ep. 5)

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RENTAL INCOME EXPOSED!–The Pad Adventure Personal Glimpse (Ep. 4)

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Howdy, and welcome to my blog.

If you haven’t deciphered things to this point, I’ll break it down for you.

You’re probably not going to find much great writing, blogging, tech skills, or really great “anything” for that matter on this site.

personal pic
This is me, an Arrogant Bastard, standing close to the edge.

I can’t even promise that the links on my site will work. Continue reading RENTAL INCOME EXPOSED!–The Pad Adventure Personal Glimpse (Ep. 4)

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Does this FICO score make me look fat?

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THE ANDROMEDA EFFECT

I’ve heard it and I know you have, pretty people always seem to get a break.

I want to believe the opposite is true, but sadly, ugly people are screwed out of some perks just for being, well, ugly.

THE SKINNY (NO PUN INTENDED) 

EVERY experience I’ve had during a traffic stop, no matter my disposition, is tense and I’m approached as if the stop sign or turn signal I omitted meant something personal to the officer.

My omission is followed by a ticketing to warning ratio of several to none. Even after ticketing, I am remanded again, “watch your driving, ya hear?”

My girlfriend on the other hand, fits the Andromeda mold.

She seems immune to the ills of the ticketed masses. Continue reading Does this FICO score make me look fat?

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What’s your adventure going to look like?

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PAD ADVENTURE.com is my foray into the blogging world as I attempt my own escape of a typical career (we all have our version), to do something I’m passionate about, contribute to society, improve the lives of others, tackle finances, promote financial independence and pursue happiness like a dateless cheerleader before prom.

That being said, it wasn’t always this way, in fact, it’s a continual work in progress. Continue reading What’s your adventure going to look like?

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