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How to get out of poverty – My Formative Years

ShackI did not start off as a rich kid, far from it.  You could say I started in poverty.  As a kid growing up, my mother and father were divorced when I was seven.  That was in 1967 or so, and women in the US were just starting to begin working careers.  Few women at that time worked outside the home.  Divorcees could be discriminated against, and credit could be denied to divorcees.  It was not an easy life for a single mom.

So how did I wind up being financially independent?

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Remodel On A Rental Property

DSC03956I am in the middle of a somewhat major remodel on a rental property.  It will require a few thousand dollars to get it back in shape.  The renter was not too bad, and they lived there for over six years.  They had good income, always paid on time, and left with proper notice.  Unfortunately, they were big-time slobs.

Although I was not able to show the unit while they were in there, as it was a bit messy, I was able to rent it for June 1st.  I rented it at a price $100 more to tenants without a pet, than the previous tenants rent that included a $25 pet fee.

Here is what I am doing to the property to turn it and prepare for future rentals.

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