Written By Paula Pant
Some people are addicted to booze; others gambling.
Me? Home renovation.
Three months ago, we finished a $13,000 remodel on Rental House #4. To celebrate, we told our contractor to demolish a kitchen in a different house.
Call it a victory lap. 🙂
We’re renovating House #2, and we’re coordinating everything — from demolition to final clean-up — […]
Written By Paula Pant
It’s 6:30 a.m., and I’m watching the sunrise over downtown Las Vegas.
The streets are empty. The last revelers have disappeared from the sidewalks and rooftops they occupied a few hours ago.
Anyone else awake in this town has stayed up all night.
[…]
Written By Paula Pant
Last month, I tracked my time in 15-minute increments for a week and published the humiliating results.
Afterwards, I opened this email from a reader:
“You gave me a realistic view of what life might be like when I become an entrepreneur -– I could potentially face some of the same challenges that I […]
Written By Paula Pant
Imagine that you spend 45 hours per week at the office — 9 am to 6 pm.
You commute 30 minutes each way, leaving home at 8:30 am and returning home at 6:30 pm. You also spend 30 minutes each weekday morning “getting ready” — showering, dressing, brewing coffee.
You spend another 30 minutes […]
Written By Paula Pant
Last month, one of our rental properties looked like this:
Today, the same property looks like this:
Renovating this rental property took three weeks, cost $13,648, and increased our rental income by $3,450 per year. We worked roughly 38 hours, spread across those three weeks.
Want to learn more about maximizing rental […]
Written By Paula Pant
It’s time to wave the truce flag over one of personal finance’s greatest battles.
One of the most spirited debates in personal finance circles is the classic “earn more” vs. “save more” standoff.
The “earn more” crowd argues that raising your income is the best way to reach financial independence. There’s no upper limit […]
Written By Paula Pant
Flights into Vegas are fascinating.
Most of my fellow passengers are exuberant about their upcoming weekend of debauchery. They order beers after takeoff, slosh their way across the airspace and holler crazy-isms like, “if I win big, I’m upgrading to first class coming back!”
(Don’t they know it “stays in Vegas”?)
[…]
Written By Paula Pant
Let’s open the books … again.
Every month I reveal my income, expenses and bottom-line results from my real estate investments.
This month’s update is long overdue (it’s a 2-for-1!) because I’ve been trying (unsuccessfully) to write a deep-dive lesson to accompany this article.
I don’t want to merely publish numbers; I want to add insight like “how […]
Written By Paula Pant
How many days have you felt like this?
You toss and turn all night. Wake up groggy. Curse at the alarm.
You stumble through a morning fog. You’re drowsy, even after two cups of coffee. You stare at the computer screen feeling overwhelmed and unfocused. You get sucked into Email Hell. You spend the rest of […]
Written By Paula Pant
Hey, I have a question for you.
You buy a rental property. Congrats. How long will it take before the property pays for itself?
“Uhhhh…. ??”
Okay. I thought so.
By the end of this article, you’ll know how to calculate this figure.
In the process, you’ll understand why the One Percent Rule matters … […]
