After my Brush with Socialism over the past couple of days, I needed a break! Therefore, I took yesterday off to help my nephew get his car running. The car is an interesting story and is actually real estate related, so it ties in well with this blog.
My sister and brother-in-law are also in the rental property business (in another city here in Ohio). In fact, they operate a LARGE rental property business. They recently bought another rental property at an estate sale. It is a very large 4-bedroom house and they were the only bidders. While at the auction, they saw a 1976 Jaguar XJ12 in the yard that was also being sold. My nephew is just starting to drive and he wanted to buy the car. The car had been the pride and joy of the owner, who had recently died - thereby necessitating the estate sale. To make a long story short, they bought the car for only $500.
The car is in good condition, but hadn't been run for about 4 years, since the previous owner became sick. So, my father and I went up there yesterday to work on the car and try to get it running. After a long day of working on it, we finally did get it running. With a little more work, my nephew should be driving it very soon.
I'm taking the rest of the week off! Have a good weekend!
Michael Rossi's Blog
The purpose of this blog is to give you a look at the daily life of a rental property owner. It's not all sitting on a yacht like you see on the TV Infomercials!
Visit our Website at: www.1MinuteToRentalPropertyRiches.com
Saturday, October 25, 2008
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