It's that time of the week again! It looks like I'll be posting these weekly link love posts each Monday, for the previous week.
I always get caught up on weekends... and if you've noticed, I tend to stop tweeting and blogging/commenting on weekends because life gets in the way, and it's also nice to just step away from the computer. I always have my phone on me, but I find it rude when I'm around other people and they are constantly checking their phones, so I try not to do that. I already text a lot of people since all of my friends live far away from San Diego, so I try not to text and tweet all day. My boyfriend would probably go crazy! Although I try to post throughout the week, I feel like my weekly link love posts are great for sharing my life updates, so I'll be sharing random thoughts on these posts.
The Condo Saga Continues
This past week has been crazy. I've stopped looking at condos because as you all know, I'm quitting my job soon to go back to school. The last one we submitted an offer on was not accepted, and we REALLY loved that one, so we took a break. We still receive daily updates from MLS, and last Thursday BF found a really sweet place for $167k - 2 bedrooms and 1 bathroom with a garage and backyard, all appliances included, laundry area, lowish HOA and no repairs needed. We went to go see it after work on Thursday and we love the neighborhood (near a school and in a huge family community) and the place itself. We actually submitted an offer on a place in this same neighborhood before, but it needed a ton of repairs. After much thought and consideration, we submitted a $180k offer to our realtor last night to present to the bank today (it's an REO).
BF and I discussed this so much this past weekend, I thought my head would explode. We know how much debt I'll be getting into because of school loans but we also know that if we don't try now, we'll be in a difficult position once I don't have a job. We calculated everything and we know that he can handle the mortgage with his income. After submitting a lot of offers, I like to think we've become pros at this whole process - whether it's a trad sale, investor flip, foreclosure or REO. It's crazy because we have no idea how quick they can close and I'll be quitting in just over a month. Who knows if we'll even get this place since we've been beaten out by investors the past few times. If we get this place, our plan is to rent it out for 3 years until I graduate. At that point, we will probably move in or continue to rent it out depending on where we are. The great part is that rent is lower than mortgage in the area, so if we rent it out - it will cover the mortgage and BF mentioned that we can focus on paying off my student loans, since they accrue interest as they are disbursed :( Anyway, I'll keep you guys posted, but I am hoping for the best!
PF Link Love: Fave Reads of the Week
Anyway, this past week was awesome once again in terms of writing and growth in the personal finance community.
Btw, happy birthday to Michelle! She's 23 today :) Now onto the faves!
Change is a Good Thing by Thirty Six Months
Blog Sale by Making Sense of Cents (Would love to do this!)
How We Saved Big Bucks on Our Home Remodeling Project by My Personal Finance Journey
When Do You Use Your Emergency Fund by Newlyweds on a Budget
Do Side Hustles Really Help You Make Money? by Tackling Our Debt
How They Do It by Digging Out and Up
Managing Money With Your Significant Other by Upendilife
How the 90s Set Us Up to Fail Financially by Add Vodka
On Doing What You Love by So Over Debt
How to Achieve Balance and Do What You Care About by Young Cheap Living
How to Buy a Used Computer by Finance Fox
Exercise Your Finances (or something like that) by Daily Money Shot
Sometimes It's About Way More Than Math by Step Away From the Mall
Keeping Up With the Joneses by Modest Money
Give Yourself a Raise (No Boss Required) by Married With Debt
How to Stop Spending Money Mindlessly by You Have More Than You Think
Landlording (Landlord horror story) by My So-Called Financial Life
5 Financial Tips I Learned From Watching The Jersey Shore by Your Finances Simplified
Embrace That You Are in Sales by My Money Design
Congrats New Grads By the Way You Don't Know Anything by Jezebel (thanks Mo' Money Mo' Houses for showing me this! Was LOLing the whole time)
I'm Not Paying for Your Mistake Even if You Are Only 13 by Travis at Enemy of Debt
Asset Allocation Diversification: Stocks, Bonds, or Cash by Work Save Live
The Social Value of Your Net Worth by Blonde on a Budget
Tips on Negotiating a Higher Salary by Financial Samurai
Would You Take a Steep Pay Cut to Live in Paradise by Financial Samurai on Untemplater
How to Shop at Garage Sales by One Cent at a Time
Student Loans: Borrow With Caution by Money After Graduation (guest post on Mo' Money Mo' Houses)
5 Things You Don't Learn at Uni by eemusings
Would You Work Any Job? by My Alternate Life
Lastly, I'm elated that My Jam Packed Life got something out of my post and did not take no for an answer!
Also - enter this Yakezie writing contest! Some generous prizes await you :) I wanted to share this with everyone and also post it on here so I don't forget about it. It's been awhile since I wrote out an essay creatively (let's not count the numerous personal statements I wrote for my law school app...I wanted to kill myself writing those). I can't wait to join this!