Rental House

Well there isn't much new going on. I'm just looking hard for some investment opportunities, but I'm stuck at this point with very little money to get into them. I saw this interesting site where you give this company $5000 and they give you a piece of junk house they fixed up with a renter. The basic principal is you refinance the house at new appraised price so you have 20% of the house already in equity making it possible to get the loan for 0 down. The margins are really low so I think that if anything happened to the place you would have to be out of pocket for expenses, but they do require you have enough liquid assets to carry 12 months of payments, so really you probably need at least 20 to start up. It was an interesting concept. http://www.bluemooncapital.com/ I think this company is actually making money hand over fist on the rehabbed properties, the fix-up costs and your $5000. It may be a better investment to buy stock in this company than to use their services.
My little brother is back from his adventures in the desert so hopefully I can put some of that rent money to good use paying down the last credit card, so I should have some investment capital soon. I'm trying to figure out the first investment right now, I'm really leaning towards a rental house to play with and leverage for capital on later commercial properties. Anybody know some crappy houses for sale in Abq? Let me know!

Bucket List

I was listening to an REI commercial on the radio today and they mentioned something about hiking 30 miles to the next campsite . This reminded me of the Appalachian Trail, which is something I would really like to do one day. Who gets to take off 3 months to do the trail? Retired people could! So I’m starting my to do list for retirement. I actually make a lot of lists in my life, because I can be easily distracted, it helps me stay on track. So here is the first draft. Maybe this can be an early start on my bucket list (great movie).
1. Visit Every National Park
2. Hike the Appalachian Trail
3. Get a helicopter pilot license
4. Catch up on my video gaming
5. Build a Cabin in the woods
6. Visit Ireland
7. Visit Australia
8. Visit Hawaii
9. Visit Egypt
10. Hike a glacier