Well Rounded Investor

My journey of becoming financial independence by 35 years old

Sell off is completed – successfully raised $58k

It’s bitter sweet for me, as most of my sells are stocks that would give me some tiny profits from dividend and from the recent stock surge. I still don’t like to sell stocks, so I’ve made the executive decision to empty my savings plus whatever I sold to make $58k. I don’t want to wait until closing date to make buys and sells. 

Here is a picture straight out of my brokerage account on my sells

   
 
 

I shopped around for a closing company, all of them quoted $700-$1000 to do the closing. Some of them even try to separate lawyer opinion from closing fee. Aren’t they the same? I found an alumni at my alma mater, and he got the price down to $650 in fee. Title insurance would be $110 instead of $1500 like the seller closing company quoted. The rest of the fees are fixed like abstract, taxes, etc. 

Now, I’m just waiting for the closing process to take place. It seems like the lawyer is getting the wheel moving, as they can close it faster than the closing date of May 4th. 

It was cool listing the house up for rent for my brother and sister. But I’m planing on listing it at $1200, a little higher than what they listed their house for. So I thought I’d give it a head start. I listed on Craigslist, and so far I get a bunch of people interested due to its location. It looks like the sooner I can close the house, the sooner I can get it fixed up, the sooner I can start racking in $1200 on my ~$58k investment. 

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12 comments on “Sell off is completed – successfully raised $58k

  1. Investment Hunting
    April 13, 2016

    Best of luck with your rental property

    Like

  2. Congrats on raising cash and picking up a property WRI.

    I hope you have a great week
    -Bryan

    Like

  3. ambertreeleaves
    April 13, 2016

    Nice, now you can uplift the rental part of your income. All the best

    Like

  4. Dividendsdownunder
    April 14, 2016

    Hey Vivianne, bitter sweet but congrats it’s all going ahead. Good luck that you get good tenants etc 🙂

    Tristan

    Like

  5. B
    April 15, 2016

    Hi Vivianne

    If I read it correctly, you are selling some of your stocks to raise funds for your property right? In that case, it’s one asset to another, I think you’re just reallocating for a bigger prizewinner 😉

    Like

    • Vivianne
      April 17, 2016

      I hope it’s the right investment. 🙂 I’m a bit anxious as its getting close to the closing date.

      Like

  6. Roadmap2Retire
    April 15, 2016

    Not a bad time to sell those positions in this market condition. Congrats on taking a step towards raising cash to invest in property.

    Best wishes
    R2R

    Like

    • Vivianne
      April 17, 2016

      I’m pretty lucky there. Had I have to sell in February, it would have been awful became the market has gained back and some.
      Cheers!

      Like

  7. Dividend Diplomats
    April 16, 2016

    You aren’t just selling and taking the cash. You are re-investing our capital into a different passive income stream. Best of luck with your rental property!

    Like

    • Vivianne
      April 17, 2016

      Thanks! I’ll try to post my progress here. I’ll add this property to my portfolio, see if it can out perform the s&p 500 or not.

      Like

  8. Pingback: Financial Blogging Edition Of Good Reads - Investment Hunting

    • Vivianne
      August 22, 2016

      Bro, thank you for the mention.
      I bought the house on auction for ~$57K, it was paid off (not as down payment). I guess you’re so used to seeing houses in the $500k-2M in California or other high cost living area. 🙂

      It’s part of the plan to have a paid off house once we moved away from the Eastcoast, it’d be cheaper than rent having that property in retirement. Most people wouldn’t call it retirement if they still have a mortgage. I’d like to have as little debt as possible once we call it off.

      Like

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