Knowing the future before making decisions would be a beneficial attribute. Instead I keep making the same mistake and being hit with surprise bills. While on vacation I had the realization that the property tax bills that worry me so much can be paid just as easily from the personal saving’s account that gets 4% interest rather than the business checking account that gets 0% interest.
Almost as soon as I transferred the money the bills came in, and now it is time to get the one property we are selling ready to be sold. That is more expenses. Now it is all expenses we are going to get back, but it is still expenses after a whole bunch of unexpected bills showed up and ruined my plan, because that money that I wanted to gain interest completely lost its interest in sticking around.
I have come to realize that the sale of this property won’t fix everything. It won’t get us to a point where the income outpaces the bills, but it gets us a step closer and increases our timeline. It gives us working capital and further investment opportunities. Some of it can also be set aside to pay those stinking property taxes that are looming and the rest of the federal income taxes for 2024 that will be due when the extension is filed. In other words a portion of it can be used to clear the deck and then the rest of it invested either in stocks or property.
The other issue is a lot of things are taking longer than I expected. Getting a declaration page for home owner’s insurance is certainly taking a long time, and that is just one of the pieces of paperwork we need to take to the bank if we’re going to get this HELOC so that I can turn my bad debt into good debt and be able to increase my contributions to the family income.
This is all part of a master plan, devised by an idiot, that I am hoping turns out for the good.
David Huzzard Writes 