Budgeting To Wealth

I was thinking about my plans for buying a rental property when I checked out Little House’s insight on the mass housing development in the greater Phoenix area, a place where I lived for 2 years while attending Arizona State University.

It is a quite an amusing post because she painted the picture dead on.  That’s why I am inclined towards the thinking of Fixer Jay who wrote Investing in Fixer-Uppers : A Complete Guide to Buying Low, Fixing Smart, Adding Value, and Selling (or Renting) High and Terry Sprouse, the author of Fix ‘em Up, Rent ‘em Out: How to Start Your Own House Fix-up & Rental Business in Your Spare Time; or, Investing in Real Estate and Creating Wealth with Fixer-Upper Houses.

Is it just me or are these book titles getting longer and longer?

Anyways, the housing market and all the news surrounding the first-time home buyer program is making me take a second look.  After all, there is no need to follow the herd.

On a side note, this caught my attention.

WEALTH MUST INCLUDE RIGHT INGREDIENTS

Jay was talking about this in his post about his landlording seminar.  There’s a lot of statements in there that are pretty much sensible such as “selling works in direct opposition to retaining income, depreciation credits and avoiding the tax collector.

It’s all about having a plan.  A plan to succeed in attaining a targeted income goal, whether it’s a dollar or $1000 a month.”