Sunday, July 15, 2018

Michelle’s new investment of Austin real estate/Carlos Pueblo


Michelle’s new investment of Austin real estate/Carlos Pueblo

Our daughter Michelle informed her mother that she just made an offer for a
duplex in Austin near the campus tennis courts. She took Amy for a look outside
of the house and the outlook of the subdivision. The seller made a counter offer
and she accepted it. The house is located on a lot of ¼ acres with two units of
850 square feet each currently leasing to two separate tenants families. She tells
me that her heavy down payment will slightly less that her mortgage and real
estate tax obligation; however, in 15 years she would pay off the loan and expect
an increase of value of the house. She also explains why she must engage into
the housing market instead of the security due to her nature of job sensitivity of
stocks purchase and I understand. We’re so proud of her with such a wonderful
financial planning.

She is a good example of my theory of immigration, holding her opportunity as
a second generation of immigrant by studying and working hard in her young
life with saving habit that propel her to exceed her parents. We didn’t give her
any of funds at all yet we have observed her success both at work and in invest-
ment.

I say enviously that her achievement is beyond my imagination as her father and
Insurance agent. Her success is really a step by step under the good system of the
U.S. systems. Of course I love to take some credit of her success, i.e. no college
loans to her, no BMW loan after her first job except continuing her college Honda
and later a Toyota, and inviting her to stay with us while leasing her two small
Austin houses, etc.

Her bosses at her department, two of them, obtain more than 15 houses in cities
Like New York and Miami area and her aunt, Amy’s sister, has monthly rental income
more than ten thousand dollars. Those are her role model and she like to have such
asset for her retirement. I like to see this kind of success story now a day instead of
misery and blame of someone at fault for their unjust.

I do mention that my adopted daughters on board of cruise ships. They work very
hard and supposed to save some money like Michelle because of room and board
coverage from the company and I like to share with them for the experience. I
love to see those youngsters to make if successfully in their life.


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