Sell off is completed – successfully raised $58k

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It’s bitter sweet for me, as most of my sells are stocks that would give me some tiny profits from dividend and from the recent stock surge. I still don’t like to sell stocks, so I’ve made the executive decision to empty my savings plus whatever I sold to make $58k. I don’t want to wait until closing date to make buys and sells. 

Here is a picture straight out of my brokerage account on my sells

   
 
 

I shopped around for a closing company, all of them quoted $700-$1000 to do the closing. Some of them even try to separate lawyer opinion from closing fee. Aren’t they the same? I found an alumni at my alma mater, and he got the price down to $650 in fee. Title insurance would be $110 instead of $1500 like the seller closing company quoted. The rest of the fees are fixed like abstract, taxes, etc. 

Now, I’m just waiting for the closing process to take place. It seems like the lawyer is getting the wheel moving, as they can close it faster than the closing date of May 4th. 

It was cool listing the house up for rent for my brother and sister. But I’m planing on listing it at $1200, a little higher than what they listed their house for. So I thought I’d give it a head start. I listed on Craigslist, and so far I get a bunch of people interested due to its location. It looks like the sooner I can close the house, the sooner I can get it fixed up, the sooner I can start racking in $1200 on my ~$58k investment. 

GA

11 Comments

  1. Hi Vivianne

    If I read it correctly, you are selling some of your stocks to raise funds for your property right? In that case, it’s one asset to another, I think you’re just reallocating for a bigger prizewinner 😉

  2. Not a bad time to sell those positions in this market condition. Congrats on taking a step towards raising cash to invest in property.

    Best wishes
    R2R

  3. Bro, thank you for the mention.
    I bought the house on auction for ~$57K, it was paid off (not as down payment). I guess you’re so used to seeing houses in the $500k-2M in California or other high cost living area. 🙂

    It’s part of the plan to have a paid off house once we moved away from the Eastcoast, it’d be cheaper than rent having that property in retirement. Most people wouldn’t call it retirement if they still have a mortgage. I’d like to have as little debt as possible once we call it off.

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