I am still in Tucson, no trip to Idaho this time. I have been busy here and this is what I have been busy about. The real-estate market here is turning around. Most homes are sold within 60 days of being on the market home prices are slowly increasing not decreasing. Homes in certain ranges are selling much faster those in the in other ranges some are going as fast as they come on the market. I felt that if I wanted to make an investment in real-estate now was the time to do it.
I have been searching for a house with this paradigm; the lowest cost house in the best neighborhood that I could afford. I looked at a lot of houses and most of them under a 100 thousand were not in good shape, for the most part I thought of them as bulldozer fodder. Some were in locations that would not support value accumulation on the contrary they would be dogs in any market. I had almost given up hope of finding a house that met my requirements when my real-estate agent sent me a listing from HUD that was located in a very good location in the state’s best school district. The houses surrounding the listing were of much higher value and the lot was twice the size of most lots in the area. I met with my agent and I made an offer to make a long story shorter the offer was excepted and the conditions I asked for were agreed too. The conditions were that the seller (HUD) pay for the septic system inspection and pump out and 3 percent of the sales price of the house towards the closing costs. HUD agreed to that saving me thousands of dollars. I love my government it sends me checks every month and pays the closing costs on the house I want to buy 🙂 it fed and clothed me for decades paid for my most of my college tuition and only required that I be a moving human target for a few years.
Since the offer has been agreed to I have been busy signing documents having the house inspected and the termite inspection etc. I have been in and out of the house several times so far the issues with the house are; a broken roof tile on the ridge of the roof, a hole by the garage door where some animal could enter, an unnecessary GFI plug where the portable pool was located and an electrical connection to the BBQ area that needs to be put in conduit, the toilet flushing mechanisms need replacing, there is active termite infestation in the garage, but damage is minimal and should be an easy fix. Other-wise everything works and no serious defects. The appraiser will check it out next week and if it comes in on the money the deal is good and then it is up to the under-writers to check everything and dot the i’s and cross the t’s.
The plan is to hold on to the house for a few years till the market gets the price up enough to make it worthwhile to sell it for a profit then buy or build something else for fun and profit.
This will make the tenth house I have bought or built not all have been profitable some have been very challenging. If this does not accrue enough value to sell in a reasonable time (two or three years) I’ll still have a nice house to live in. The sales price of the house for those curious to know is $143,000 when this house was built six years ago it listed for $240,000 I don’t expect that price to come around anytime soon. My interest rate is locked in at 3.5%, no HOA or dues and parking of RVs is allowed no through traffic, easy ride to shopping and services.
It is not my dream home but it is a nice little house (1460sqft). Hopefully everything will work out as I have envisioned it.
I had my follow up with the GP today and he is a fountain of information compared to my cardiologist. He explained my heart stress test; I have about 15% damage and I have a branch blockage and that causes an electrical problem hence some of the medication I take mitigates that issue. My heart efficiency rating is excellent so my symptoms are not with my cardiac problems it is some other bodily system. My lungs have very good capacity and function lots of O2 in my blood so that isn’t the problem. He thinks it might be that I am getting spasms with my esophagus due to acid getting in to that area. Previously at other times I have had serious heart burn, as do many other people. I am on a medication to to help with that issue and we’ll see how that works out.
I am so relieved to know it isn’t a cardiac problem even though it is some other problem at least it isn’t that problem, which scares me so bad and had me so worried. I feel I have dodged a bullet. Hopefully the medication Zantac will take care of this issue and I can get on with my life.
I have had such a run of bad luck since I left Mexico I was almost scared of seeing he doctor today. First I had the trip from hell coming out of Mexico loosing my brakes just outside of Ensenada and only through the good graces of my neighbor and people we met did that get solved and I got out of Mexico, then I thought I had lost my cat who I have had for 15 years and found that she has a new hiding place where she remained hidden until I got to Tucson. Then my GEO Tracker starter went out, then I had a problem with the battery clamp so it wouldn’t start. Now I have a fuel problem with the GEO now and then it won’t start like it isn’t getting fuel, I wait for 15/20 minutes and it starts and runs sometimes good sometime rough-very frustrating. I needed a new sewer hose for the motorhome because the old one failed and leaked all over, I thought I had a problem with the AC on the motor home, but that was solved after spending a $100 to find out it was fine it was the plug at my camp site that was causing the problem. I bent the steps on my motorhome because I forgot to fold them in before driving. Then I found my dog has cancer and is on her way to doggy heaven- so I was a little worried about these visits to the doctors because nothing seemed to be going my way. Then I get a good report and the sky cleared and all was well ….. for now. Who knows what will happen next.
Shelby enjoying the beach in Mexico not so long ago
I took my dog Shelby who is a fifteen year old lab to the vet today expecting the worst. The news isn’t good she has cancer and may only life for a few more months before her quality of life is to bad to go on. In the meantime she is on antibiotics for the infection and pain medication to make her life more comfortable. I feel sad that she is at the end of her life, and now and then a tear flows down my cheek as she has been a wonderful companion; quiet, loving, patient, loyal, and a happy dog enjoying life where ever she has gone. I will miss her when she passes on. At moments like this I feel more like a child than an older adult. I don’t want to lose my pal, my friend, my fur buddy, I want to keep her well and with me forever, of course that can’t be, but parting is not sweet sorrow it hurts.
I got my heart stress test results and the shows no difference from the previous test I took about eighteen months ago. So what ever my symptoms are they aren’t involving the heart so says my cardiologist. So now I go back to the general practitioner and see what he comes up with and what to do about it, or maybe it is all in my head and I am just another old crazy person. As long as I am here to bitch about it I guess I shouldn’t complain to much EH?
The update is there is no result. I called the doctor’s office and talked to someone there who said the report on the test had not been forwarded to my doctor. I am still comforted by the thought that if the result of the test was bad it would have had priority handling. At least I hope it would. I was told someone would call me back today ….. they didn’t, soooo maybe tomorrow ?
Tomorrow I am taking my old dog in to the vet she isn’t doing well. She has several ailments a fatty tumor that has an infection and an infection of her right fore leg which looks dreadful. She is fifteen years old and a lovely dog quiet, obedient and loving, she seldom barks and lays about making sure the floor doesn’t move. If I have to have her put down I am going to be crushed.
English: Downtown Tucson Congress Street scene near Fifth Avenue. (Photo credit: Wikipedia)
Last night we had a windy night with lightening, but no rain. This morning it is overcast and it has started to sprinkle a little-hopefully this will keep the temperature at a reasonable level. Living in an RV with the AC running all the time is boring and adds to the household electric bill. I will contribute to the bill of course as I am using the power to keep the pets and myself comfortable. Southern Arizona, hot as the pervertible HELL all summer with monsoon rains to make the atmosphere hot and humid. Other states endure the winters with snow and ice here in the desert we endure the heat of summer and un-relenting strong sun. The end of the summer is coming in a few weeks and then it will be reasonable for a while, five or six months, then back to being fried again.
A neighbor had too much pea gravel delivered and couldn’t use it all so he gave it to my family here in Tucson and even helped spread it out, so now my RV sits on a nice patch of pea gravel. It sure makes a difference when walking around the rig much better than walking on stones and hard packed dirt and cleaner too.
I have been looking on line at the MLS listings for houses here in Tucson to see what is available at what price. There are quite a few houses in the lower end of the price range. However, they mostly need a lot of repair or are in less desirable neighborhoods. Now and then a reasonably priced home appears on the list in a nice neighborhood and one wonders what is wrong with it. I am going to look at a few and see if it might be a good investment. Sooner or later the market will improve and buying in at the right price in the right location will pay off.
Of course I didn’t hear anything about my stress test over the weekend, I didn’t expect too. I hope to hear today. If I don’t hear anything today I’ll call and give let them know I am still waiting for the results of the test. I would think if the results were not good they would have contacted me right away-then again one cannot assume anything.