After being out of work for almost 5 months, a couple weeks ago, I was able to get a job on a 4 month contract. I've another company that is interested in me for a full time position as well, but that is taking a bit longer to play out. As you might imagine, when I was not working, expenses had to be cut back and plans put off until later. I was living the classic case of "deferred maintenance" that many real estate investors know about from looking for properties to purchase form owners in similar situations - if it is still working, don't put any money into it.
So once I got a job, I went on a buying spree - both my car and my wife's car needed new tires, routine maintenance and other repairs to the tune of about $1,000 each, our dishwasher and oven got repaired, and some other general stuff was done. I was just thinking I was about caught up when... my computer died. Even worse, it died right after I bought something to fix a different problem it had.
Saturday night, I noticed my computer's event log was showing lots of disk drive-related errors. I knew the drive was going to fail soon, so on Sunday, I went out a bought a new drive. When I got home, I put the drive aside and planned to install it that evening. Two hours later, I went to check my email and the machine locked up hard. I cycled power and, in the middle of booting, everything went dead - the screen went black, the drives stopped spinning, and the only light on the machine was a blinking orange LED in the power button. It would not turn on again. After much investigation, I noticed a couple of blown capacitors on the motherboard. Crap. Dead motherboard. Well, at least I hadn't spent any time replacing the hard drive yet.
Thankfully, I have some income coming in now to pay for a new computer, in addition to the other repairs I had to pay for. And, even more thankfully, I had made a full backup of my computer about 10 hours before it failed.
Anyway, so after being unemployed for months, I was just starting to get back into the swing of things and was thinking about putting together another blog post, and now this happens. It'll be about 1-2 weeks before the new computer arrives.
One the positive side, I received another payment from one of the four flipping LLCs in California. I also received a quarterly payment from the Houston apartment investment, which, as I mentioned last month, should be increasing in the future. The same day I received those checks, I also received my huge federal income tax refund. Unfortunately, it was so huge because I had a huge loss on the sale of Rental #1. Well, the tax refund gave me back about one-third of my loss and, really, it came at an opportune time. I would like to post updated ROI numbers for these investments, but, unfortunately, all the data was on my computer.