I’m All Out Of Discretionary Money After Closing On the 197.5 Acre Oregon Farm! Dreaming Of My Yurt!!!
June 22, 2021
WE CLOSED ESCROW! WE CLOSED ESCROW!!!!!! I really didn’t want to believe BELIEVE it would happen until we closed CLOSED. But we closed yesterday and my family member and I were so so so happy. It was a bit of a rough ending of the deal, as things can often happen when you are closing on big financial deals, but we closed and all parties are happy. My family member is for the most part taciturn, but he was so happy he sent me this. Their family is actually up there now with friends staying in the very nice house there which has a kitchen range that is more expensive than anything I would have ever paid for in my house that is worth more than twice what 197 acres in Oregon.
Actually I just looked it up the Wolf Kitchen Range is actually worth over 10K. We can sell it used, and I can bring my KitchenAid one from my house (and buy an induction range) and then use the proceed to buy my yurt! I don’t think my family member will let me do that, but it’s fun to think about. I’d rather have a nice yurt!
Anyway, I don’t have anymore money. No – let me clarify, I’m done with buying any more properties for now. There is no secret to real estate investing. Most of our networth is actually just simple savings from have two good incomes and spending about only half of what we make and we invest the rest. Most of our investments are in old fashioned target date stocks through our retirement funds and college savings for the kids. We have a good portion every year and try to buy as much real estate as we can. We always put at least 20% and sometimes 30% down. Nothing fancy. And we did the same this time, after selling another rental and buying a farm instead. But I am so excited about the Oregon Farm!!! I’m still living in our area and I’m still happily working, because I’m going to buy a YURT!!!
And this is the secret to Dr. Plastic Picker’s financial success. When I buy things, I buy things that hold VALUE!!! I will buy a yurt and I’m going to rent it out to YOU (well not YOU, because you are my friend, but other people), and then teh yurt will pay for itself. I “spend” money on things that will increase in value. And the earth that the yurt sits on is increasing in value as we speak! It’s over 90 acres of timber forest and lumbar is up 400%. We aren’t going to clear cut the forest, but the forest has to be maintained and thinned periodically to keep it healthy. This makes the lumbar you buy at Home Depot to build the addition to your house. And more importantly, we are going to be stewards of the land. More oxygen for all of us!!!