I sold my entire portfolio today. I wasn’t going to, but after learning two tenants in one of my houses are moving out this Thursday, I took a hard look at my cash position and where it was headed. A third tenant in the same property left a few days ago, leaving three vacant units; an extra $2000 per month I need to come up with to pay the mortgage. One of my other property’s also has a vacant unit that I’m about to put an ad in the paper for; another $800 I need to come up with for that mortgage. Oh, and the first floor tenant at my house, George, hasn’t paid me rent in over 8 months; a total of $8000 worth of rent, all of which came out of my pocket to pay the mortgage. I’m sure you’re beginning to see why I’ve become desperate enough to sell my entire portfolio at a 50% loss. Grrrrrr. You have no idea how hard it was to press those sell buttons, knowing I lost so much. Who knows, maybe the stock market isn’t for me.

It’s said, a penny saved is a penny earned. In today’s terms, that penny is equivocal to a dollar. When we look in our wallet, or purse and see a dollar bill, we treat it with Continue reading →