Want to reach financial independence through real estate? Here’s a conservative approach you can take to own cash flow positive rentals.
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 — through…
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 income through renovations? Read on.
It’s the first Monday of the month, and you know what that means … Time for another Ask Paula episode! On today’s show, I answer a handful of phone calls from listeners who posed questions about real estate investing. One caller from Atlanta said that he’s thinking about buying a rental property from a turnkey investing…
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 to…
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 … and…
Last month, I pocketed $7,461.43 from my rental properties — after expenses — and spent 5.5 hours looking after these investments. That’s $1,356 per hour. That story is below. But before we dive into those details, I’d like to highlight one event that made last month special. Nope, it’s not the income. Nope, it’s not the weather….
Back by popular demand, we answer a handful of your questions — and this time, we focus the full episode on real estate investing. (If you listen until the very end, you’ll find a special treat.) Here are some of the questions we tackle (written by Paula): Q: Did you fall into your real estate niche…
Once a month, I share my rental property investment numbers. I hope that this gives you more insight into whether or not buy-and-hold real estate investing is a path you want to pursue. (Also, I’m trying something new this month by directly putting the net income — not the gross, the net — into the headline, along…
Jay and Ryanne have created an unconventional life. They browse thrift stores and yard sales near their home in rural Virginia, looking for items to resell on eBay. They started reselling shoes and clothes. Then they expanded to finding vintage and collector’s items. Today they earn $60,000 per year through their eBay business. And that’s just…
Here’s the thing: Many people think that I focus on real estate investing. They assume that blogging (and now podcasting) is a hobby that I handle on the side. In reality, the opposite is true. Real estate investing takes up almost none of my time. It hums along in the background. The cash flow I collect through real…