"Most people are so busy knocking themselves out trying to do everything they think they should do, they never get around to do what they want to do." -Kathleen Winsor
Well, mistakes I made as a landlord a few years ago have come home to roost. I don't have the cash reserves to get through this rough spot. My rental business is now a separate entity, so it's easy to see exactly how much money it bleeds every month. I'm in the process of selling the houses that have lost money and I'm keeping the profitable ones. It's a rough time to sell, that's for sure.
On the technical services business front, I'm showing a profit, because the overhead costs are minimal. In my day job, I learned how to outsource. I can get a week's worth of web development done for under $350 overseas. That's less than a day's pay for me. Setting up the server is free, and the hosting is free for the first three months. I can sell the result for $1200, and move on to the next one. I'm recording the steps to sort of institutionalize the process.
If anyone needs an Infusionsoft integration, a web store, email autoresponders, or a web site makeover, I have the means and the skills, plus experience now.
I have a super secret web project, which has never been tried. I think the development will take me a couple of months. It is also very exciting.
Yeah, the real estate business is in flux. I'll get back in when I've built up enough cash to buy houses with cash.
