{"id":10420,"date":"2009-11-25T16:41:12","date_gmt":"2009-11-25T23:41:12","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=10420"},"modified":"2009-11-26T10:53:55","modified_gmt":"2009-11-26T17:53:55","slug":"what-am-i-thankful-for-that-we-surfed-the-payables-and-survived","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10420\/what-am-i-thankful-for-that-we-surfed-the-payables-and-survived\/","title":{"rendered":"What am I thankful for? That we surfed the payables and survived!"},"content":{"rendered":"

<\/p>\n

This time last year, I crashed my car, totaling it. We used the insurance money to pay off our most urgent bills, so we weren’t able to replace it for quite a while. We had an old Mercury that I used until its lack of a working air conditioner made that impossible. After that, I rented cars when I needed to show. For three solid months I escorted buyers in an amazingly awful rented Ford Taurus. It was literally painful to drive — backache-inducing — but it was only $500 a month to lease.<\/p>\n

The last two quarters of 2008 and the first two quarters of 2009 were all action, no traction, so we lived by surfing the payables — paying nothing before it absolutely had to be paid, and paying nothing at all on bills that didn’t have to be paid — including the mortgage.<\/p>\n

And that’s a story that had a deferred happy ending. We got hit with a foreclosure notice<\/a> much earlier than I was expecting. Business had picked up markedly by then, so we redeemed our pawn ticket<\/a> earlier than we absolutely had to. Even so, it’s not an experience I would commend to anyone.<\/p>\n

We got hit with a couple of judgments over very late debts, but that’s just business. We’re current on everything current, and we’re chopping down the old-growth debts one-by-one. It’s not pleasing to me to be a dead-beat, but, while we might be late, we’ve never skated on a debt and we never will.<\/p>\n

Meanwhile, the world is young again. In the first five months of 2009, we didn’t make enough to pay the pet food bills. In the last seven months, we made enough to get current on the mortgage, to get current on our current accounts, to retire a bunch of past accounts, to buy me a new laptop and (as of today) a new iMac, and to put a decent used car<\/a> under my buyer’s butts.<\/p>\n

Better still, we’ve been rolling on a six-figure pipeline for months — no hopes, no maybes, no blue-sky wishful thinking — and it’s been rolling along nicely. This Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This time last year, I crashed my car, totaling it. We used the insurance money to pay off our most urgent bills, so we weren’t able to replace it for quite a while. We had an old Mercury that I used until its lack of a working air conditioner made that impossible. After that, I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62,212,29],"tags":[],"class_list":{"0":"post-10420","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-dirty-laundry","7":"category-flourishing","8":"category-group-therapy","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":13437,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13437\/urf-nots-again\/","url_meta":{"origin":10420,"position":0},"title":"Urf. NOTS again…","author":"Greg Swann","date":"October 31, 2010","format":false,"excerpt":"Just as a matter of disclosure, our mortgage lender has filed another Notice of Trustee's Sale against us. As I have discussed here before, we've been surfing all our our payables for quite a while. I don't love doing this -- but I don't hate it either -- but it's\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10028,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10028\/how-to-be-more-honest-accounting-for-morons\/","url_meta":{"origin":10420,"position":1},"title":"How To Be More Honest: Accounting For Morons.","author":"Chris Johnson","date":"October 10, 2009","format":false,"excerpt":"The worst thing that ever\u00a0 happened to me was November of 2003.\u00a0 I made, as a Realtor $57,000 in closings (without a team) in one month.\u00a0 In early December, I added another $19,000 to that pile of money.\u00a0 Because of my phone banging good times, I didn't have expenses or\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9192,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9192\/for-those-of-you-following-the-lurid-drama-of-our-lives\/","url_meta":{"origin":10420,"position":2},"title":"For those of you following the lurid drama of our lives…","author":"Greg Swann","date":"July 16, 2009","format":false,"excerpt":"We bought our house out of hock today. All it took was a tiny little pawn ticket and a great big check. Our small feat of redemption was actually paid for by June's receipts, but I got myself into this mess by surfing the payables, and I got myself out\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3107,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3107\/are-you-an-investor-looking-for-a-rental-home-that-will-stay-rented-buy-a-home-thats-worth-living-in\/","url_meta":{"origin":10420,"position":3},"title":"Are you an investor looking for a rental home that will stay rented? Buy a home that’s worth living in","author":"Greg Swann","date":"May 12, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). I wrote this last Tuesday, but it coincides nicely with Barry's post this morning. \u00a0Are you an investor looking for a rental home that will stay rented? Buy a home that's worth living in I represented tenants\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":907,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/907\/in-a-rent-vs-buy-bind-right-now\/","url_meta":{"origin":10420,"position":4},"title":"In a Rent vs Buy Bind Right Now","author":"Russell Shaw","date":"January 16, 2007","format":false,"excerpt":"Eric writes: Hi Greg! I am writing because I really enjoy your blog. I'm licensed, but haven't worked with realty in years due to being back in IT (which you also seem to have a passion for), so I enjoy hearing from the experts. I'm in a rent vs buy\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":992,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/992\/beginners-landlord-tips\/","url_meta":{"origin":10420,"position":5},"title":"Beginners Landlord Tips","author":"Cooksquared","date":"February 5, 2007","format":false,"excerpt":"If you have been reading my posts, it may seem like I am all over the board. One day I am talking about mortgages, the next I am talking about agents, and today I am talking about landlords. The coherent theme behind all of these things is smart real estate\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=10420"}],"version-history":[{"count":5,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10420\/revisions"}],"predecessor-version":[{"id":10439,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/10420\/revisions\/10439"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=10420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=10420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=10420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}