Texas


Oh, I just had the worst meeting and I can only blame myself. More than a year ago, I made a big mistake and I am paying for it now. You see, I own a small mobile home park in Stephenville, TX. I live right in the middle of it. I lease my improved land to mobile home owners. I do not own any home other than my own.

Just about a year ago I was not feeling well and a two homes in the park were purchased while I was shut in my house. When I was notified of the sale, I should have immediately informed the buyers who were the current residents that they had no lease and that they needed to move out of the park immediately. As you can probably guess, I didn’t do that.

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In real estate investing propaganda I often see terms like “50 cents on the dollar” or “buy property for half off.” This is bull shit, folks. Any product sold is worth exactly what the purchaser paid for it. A house which sells for $50,000 is not worth more than $50,000. We know that because it sold for $50,000, not for more than that.

Is is possible for a person to buy a house in the morning and sell it immediately for a profit. With a double closing I could do it in one trip to the closing company. Though it is a rare deal, it might be possible to buy a property for $50,000 and immediately turn around and sell it for $100,000 in one transaction.

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A few pages of the Erath county, Texas 2006-2007 fiscal budget have been entered into the spreadsheet. There is a large Approval stamp across each budget page which confuses my OCR software and makes automatic processing difficult.

As soon as I write the code to translate the spreadsheet to a web page, I’ll create a page for it on this site. Still no word on the missing page 20 or on the spending reports I requested form the County Auditor for previous years actual spending.

I went down to the Erath County courthouse late last month and got a copy of the 2006 - 2007 fiscal budget. It is 56 pages long and page 20 is missing. I am not sure why. I also have a request out for the most recent completed spending reports for the county. I hope to have the budget up soon. Watch this category for updates.