Tag Archives: real estate investing

Another Week Flies By

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And here I am still here, still looking for work, still not finding anything. 🙁

I did get 3 days of work in Houston last week and I’ll have one more day up there this week. Every little bit helps. It’s just a hard let down, I’m working for 1/10th the day rate I used to get and only working about 1/10th the amount of time too. 🙁

Thank goodness I have my real estate investments to fall back on! I’ve gone through almost all of my savings now. The rent I get from those properties is pretty much the only income I’ve had for the past 17 months. I haven’t been able to use much of that money myself either, most of it goes to pay expenses. I’m just thankful they’re not still costing me money.

I did go to a real estate investment seminar last Friday. I had hopes it would be a way I could work my way out of this mess. A way I could earn a living without having to wait for the price of oil to go back up high enough to where they’ll start drilling offshore again.

Sad to say, the program was not at all like what they sold us on at the seminar! Not even close! I was tempted to buy the ‘tax lien investor’ program. I was already buying properties and could have ‘flipped’ them if I wanted to, but I prefer keeping them for rentals. So I wasn’t really interested in their property flipping program.

I thought the tax lien program might work for me. I was already familiar with how they work. Basically, you pay the taxes owed to the county in return for a lien on the property. The property owner has a certain amount of time to pay up. When the time runs out and they don’t, you can claim the property. In the meantime, you collect a high interest rate from the time you pay the county for the lien. Whatever happens, you make money- IF you’ve done your due diligence and bid on a good property!

I’ve gone to a couple of auctions locally. A friend has invested in a few of them and he explained it all to me a few years ago. The thing that convinced me to buy their program was that they said they would do all the research. They would take care of the ‘due diligence’.

Nope. Turns out that’s not at all what they do.

Turns out, they only deal with properties in Florida (even after I- and others- asked them specifically where the properties were located and was told “all over the US, Canada, the Caribbean and the US Pacific Islands including Guam). I suppose only investing in Florida is fine, IF you only want to invest for the interest. Even so, I would still be concerned about the necessary research. That all takes quite a bit of time, especially if it’s not local.

Yes, you can make a lot of money just investing for the interest (never for the property itself), IF you have a lot to invest already. I mean, how much is it really going to help to make 20% interest if you only have $100 to invest? You CAN make a lot of money if you actually get that property behind the lien. That is what I was interested in doing, but turns out they had nothing at all to offer for help on that.

So, I called and asked for a refund. They said they would cancel the credit card charges and I would have to return their books. I haven’t made it to the post office yet but figure i’ll be out at least $20 on postage. Lesson learned- no matter what you do it’s going to cost you money!

Catching Up

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I’ve been busy for the last week or so. I was lucky and got to work for 3 whole days last week. I’m scheduled for 3 more days this week and one more day the week after that! That’s the most work I’ve had since I went on that delivery job as AB down to Colombia (in August)! I hope it keeps picking up, but right now it looks like this little spurt will be it for a while.

Offshore things still look pretty grim. I did hear of one company hiring, which is great news, but even tho I’ve sent them my resume, I don’t think they’ll even look at it this time around. Looks like they’ve hired a crewing agency to fill their positions and since I’ve already ‘contacted’ them, I won’t be one of the people considered.  Continue reading →

3 Unconventional Ways to Super-Charge Your Savings

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3 Unconventional Ways to Super-Charge Your Savings.

This is a link to a post on a blog I follow. The blog is by Paula Pant and is called Afford Anything. Paula is the one who taught us about blogging at the AWAI Boston workshop I went to back in August. She was very helpful to me in getting this blog of mine started.

I am always trying to find ways to save money. My goal is to save enough so I can ‘retire’. I want to move overseas somewhere. Somewhere I can afford to live the way I want to. Somewhere more affordable. Somewhere more free (since we have lost SO much freedom here in the USA). 🙁

So I’m always looking for ways to save more money, earn more money, etc. That would help move me further toward my goal. Paula has some good suggestions in her post. I love it that she always encourages us to think outside the box.

I’m not really into budgeting so I agree that putting saving first is a great idea. A lot of financial advisers say the same thing.

If you’re lucky enough to have a 401-K, put at least enough to get the company match in there. It might not be enough to retire on, but it’s a good start. Since you never see it in your checkbook, you’ll never miss it. I always sign up first thing at a new job now. 🙂

Maybe some of you are good at saving? I have to admit, I’m not that great at it. I try and I manage to save a little, but not enough to get me where I want to be. I don’t spend much on clothes, I live in shorts, t-shirts and flip-flops. ALL the time. 😉

I spend my income on vacations. I LOVE to travel. I go somewhere interesting EVERY chance I get! I try to go someplace where there is something in particular I want to learn about. For example, I went to the Freedom Fest in Las Vegas, the AWAI workshops in Chicago, Miami and Boston, the Live and Invest Overseas with International Living in the Rivera Maya Mexico, the Workboat Show in New Orleans.

I took all those trips in the last couple of years. I didn’t spend a TON of money, but it didn’t help my savings plan at all either. 😉

So, according to Paula I need to ‘earn more’!

I’m trying!! OK, to be honest, I hope to find some way to earn some money from this blog. I’m hoping to get my writing and photography out there to the world. Maybe someone will like it enough to be willing to buy some of it from me. 🙂

I’m also doing the same thing Paula is doing with real estate. Very similar at least. I started buying old houses and fixing them up to rent out a few years ago. I like the whole process of hunting down a good deal, improving on what was there, and then meeting all the interesting people that I have to deal with. From the technicians to the tenants, they’re ALL interesting. 😉

I’m glad to learn from Paula that I’m on the right track. She’s been very successful at living her life the way she’s dreamed. I hope to be able to break free and live MY dreams too one of these days. 🙂

Catching Up With Capt Jill

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Well, it’s been a little while now since I finished up the November Post-A-Day Challenge (National Blog Posting Month). I needed the break. I actually got home from work the day after Thanksgiving (and missed the big feast). 🙁

As usual it took me a few days to catch up on everything.

First couple of days wasted just trying to catch up on SLEEP. I hate switching over from 6-6 nights! It’s SO hard this time of year, both mentally and physically. Never see the sun, no one is awake at home, never get your body in tune with your meals and sleep schedule, etc.

Since I’m home and finally have a chance to get caught up, I thought it might be a good time to write a little about who I am, what I do and what I’m hoping to do with this blog.

OK, so, here goes… I work as a merchant mariner (Merchant Navy for the Brits). For those of you who don’t really know what that means, it’s simply someone who works on a commercial vessel. Anything from small ferries, fishing vessels, to the largest VLCC or drillships. Usually work is in one of 3 departments: deck, engine, or stewards.

I grew up on the water and started working for my father when I was very young. He had an old sailboat that he used as a commercial fishing vessel for a while and he used to make me go out with him. I HATED it!!!

As soon as I could, I got a job down the street on one of the party boats (head boats). I would go out with them on the weekends. I had a great time on those boats. I worked mainly in the galley (kitchen). I sold the passengers sandwiches and drinks.

Sometimes I helped the deckhands with the passengers. I would help them bait hooks, untangle lines, get the fish off their lines, string them up and put them on ice. When we got to the dock at the end of the day, I would help clean up the boat and get everything ready for the next trip. Maybe clean and fillet some fish for tips. I was doing pretty good for a kid and plenty to live on but I wanted to do more.

Way back then (sarcasm), the commercial fishing fleet was where it was at! The fishermen could go out for a week and come back fully loaded. Flush with cash, they were living the good life.It was wild! I wanted some of that too! But, of course, I was a girl. Not possible, or so they said. 🙁

I tried to get a job on some of the better boats. The ones who consistently brought in a good catch and treated their crews well. I got nowhere with that. I tried and tried and couldn’t find much of anything.

I finally did go out with a friend. It was a horrible trip for a lot of reasons. We did manage to catch fish but that was the only good part of it. I might go into all that at some later point, but for now, just say that was the turning point for me. I was fed up with everything going on around that place and sick of my life. Everything I wanted to do, I was told was impossible, cause “girls can’t do that”. 🙁

To cut this short, I was getting into a lot of things I probably shouldn’t have. What finally happened was that I was very lucky (tho I didn’t know that at the time) and was offered the chance to completely change my life.

I went off to school with the Oceanics and never really looked back. I may not have known at the time, but I was hooked from the minute I got off the plane in Athens and was smuggled from the airport to the hostel we stayed at in the back of a bread truck.

We spent a few months sailing around the world on traditional sailing ships. Studying things like seamanship, navigation, celestial navigation, oceanography, cultural studies, Greek, Russian, Spanish, etc. Part of our day was always spent working on the ship while we were aboard.

I learned to LOVE it! I decided before I came home that I wanted to be a ship captain and sail around the world (and get paid for it). 🙂

My grandmother was really upset! Before I went away to school, I had planned to be a doctor. She never forgave me for changing my plans. I’m sure I made the right choice, even if she never thought so. 😉

The woman who ran the school was such a great help to me (and many others). She set me up in a school in Texas where I could get started toward my goal. A small Jr College in a small town, you would never expect to find such a great deal here.

I moved to Texas to join the Ocean Marine Technology program at Brazosport College in 1978. I managed to complete the 2 year program in only 5 years! I switched from fishing to working in the oil field and now work in all kinds of different areas offshore. Lately as a DPO (dynamic positioning operator).

In school, I learned to work in both the deck and engine departments (and could work stewards dept if I wanted). In the Gulf of Mexico it gets really HOT in the summer! I was working on small boats: crew boats, production boats, standby boats. Their engine rooms were small, smelled strongly of diesel fuel, and HOT all the time! I regret it now, but I never stuck with the engine department. I never even tested for my QMED. 🙁

I still had my sights set on becoming a ship captain one day. I fought hard for a long time to get the sea time I needed to work my way up. I’ll get into that some other time. I finally managed, just a couple of years ago, to get my unlimited masters license (whoo hoo!!).

Now, I work freelance. I work mostly for a couple of temp agencies. I like it since it gives me a chance to ‘try before I buy’. It’s also nice to see how different companies run things, to see the different vessels and meet different people.

One of the best things about working freelance is that I can pretty much make my own schedule. One of the bad things is, if there is no work, I’m stuck at home with no money. Too bad I never know beforehand. 🙁

When I went back to freelancing a couple of years ago, I took the opportunity to catch up and do a lot of things I’d been wanting to do but never could (since I was always offshore when they happened). I went to a few classes and conferences, I took a couple of nice long vacations. It was great! Til the work slowed down and I wasn’t able to get right back to work when I was ready to. 🙁

Now, I’m having a big debate in my mind. Should I stick with freelance? Or, should I go back and get a regular, permanent job again? It’s SO nice to be able to take the time off when I need it, but things are changing a lot with new rules and regulations and the temp agencies are not really keeping up with all that.

I have so many things I’d like to be doing when I’m NOT working. I’ve been trying for a long time to work less and spend more time doing what I like. I’d retire now if I could afford it and I’m working hard towards being able to do that. I have a couple of side businesses.

One is vending machines. I thought that was a great idea. A way for me to slowly work up to having enough income to be able to stop sailing all the time. That didn’t work out for me. I still think it’s a good plan IF I had the time to go find good placements for my machines.

One is real estate. I’m a slumlord like my father was. 😉 No, just kidding. I buy old, run down properties (cheap) and fix them up to rent them out. I started out just buying a place on the water to put a boat (that’s another story). I bought a nice beach house but then wound up renting it out. I’m actually in the process at the moment of fixing it all up again. Hoping to find some new tenants soon. 🙂

I met a really great Realtor while in the process of getting that house and she’s been helping me ever since. I’ve got a few properties now and they do keep me busy while I’m home.

I love to read, I’ve always got a book in my hand! I’ve just finished ‘Half the Sky’, a very good book but kind-of depressing. It’ll stir you up, but then has suggestions for what YOU can do to work off that anger you felt while reading. Right now I’m reading something different,  ‘Choose Yourself’ by James Altucher (who has a blog I also follow).

I like to go to local events like the beach cleanup I wrote about earlier or the JaGa Fest for the great reggae music. That’s where I took those fireworks photos (http://captjillsjourneys.wordpress.com/2013/11/30/weekly-photo-c…ight-celebrate), or the Biker and Blues Fest I plan on doing a post on (soon).

I love to go sailing. I joined a local club called Sail-La-Vie and go out with them when I can. It’s always a lot of fun. I also started my own meetup group, called Mariners Meetup. It’s a way for us old salts to get out and about, do something other then just hang around the house watching TV.

I try to keep up with politics, I’m into FREEDOM and trying my best to keep from losing any more of it here. If I’m home I go to the Campaign for Liberty meetings every Tuesday night. We have a bunch of projects we’re working on like our community garden (on hold for winter) and movie night. Last week we were talking about alternative energy and how to get off the grid.

I LOVE to travel (yes, eventually I will get around to posting some travel posts- I promise!). I like to write and take pictures, and enjoy going to workshops about that kind of thing. In fact, that’s how I started this blog.

I went to the AWAI travel writing/photography workshop in Boston back in August and they had a little bit about blogging. I started this blog right before I went up there so I could ask lots of questions and hopefully learn how to make a good blog. Actually, I heard that you could earn money from blogging and I wanted to learn how to do THAT!

So far, I haven’t learned how to do that. 🙁 I’m still trying to figure that part out. If you noticed, I put a link to Amazon down towards the bottom right. I haven’t figured out how to make that work properly tho. It’s supposed to be an Amazon blog and show the posts, but all it shows is the link to 4-5 different links on Amazon. Maybe some of you know what I’m doing wrong and can help me? 😉

I am trying to improve all the time. On here and in real life. 🙂 Now you know what I do when I’m working and when I’m home. Now you know why sometimes I don’t feel like posting for a little while. I do really enjoy it, but sometimes I just get run down. I don’t want this to wind up feeling like a chore, like something else I HAVE to do.

I hope I can keep this interesting and entertaining for all of us for a long time. Thanks for visiting me. 🙂