You know that sinking feeling in the pit of your stomach, when you decide to remodel your kitchen …
… and you think it’ll cost $5,000 ….
… and it ends up costing triple your estimate?
Yeah.
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Category: Real Estate
House #2 is Rented! How Good of a Deal Was It?
House #2 is officially rented!
NOTE: This article was last updated in 2012 (and all numbers reflect that year).
Last week I showed the house to a man who liked it so much, he grabbed his checkbook and handed me a deposit on the spot.
I ran the necessary screening – credit check, criminal background […]
We Bought a Third Rental House!
I can’t believe I’m saying this: Dear Readers, I’d like to introduce you to Rental House #3.
“But Paula, didn’t you just buy a house? A couple months ago?”
Yep, it feels fast to me, too.
Check out the pics, and meet me below the photos to hear the details.
(If you’re reading by […]
The House is Ready to Go on the Market!
I’m coming off another jam-packed weekend of 12-hour days fixing up our foreclosure house. Between our weekend warrior efforts and the nearly $5,000 we’ve paid towards labor costs, this fixer-upper is ready to go on the rental market!
Want proof? You’ve seen the “before” video (if you haven’t, click here.) Check out these “after” […]
We Bought A Second Rental House!
Yep, you read that headline correctly. We bought a foreclosed rental house!
It started thanks to this website.
A woman sent me an email saying she lives in Atlanta, she’s a regular Afford Anything reader, she owns two rental properties and she aspires to own more. Would I like to have lunch?
Obviously I said […]
Should You Invest in This Rental Property?
Forget fancy-pants calculus.
The most important math is the stuff you learned in fourth grade.
How do you know if an income property (rental property) is a good investment?
In this article, I’m going to share three formulas I use when I’m analyzing rental properties.
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How Much Does It Cost to Maintain A House?
When we first purchased a house, we thought the only expense would be the mortgage. Haha!
Little did we realize that the mortgage is only the beginning.
Homeowners pay for an absurd amount of operations, maintenance and repairs:
Trash service. Water and sewer bills. Gutter cleaning. Termite treatment. Pest control. Power-washing. Replacing […]
I Cringe at This Common Real Estate Mistake …
I’m making a massive change in my search for my next rental house.
I’ve spent the past year searching for another rental house within walking distance of Atlanta’s most vibrant city park.
It’s one of the most desirable neighborhoods in Atlanta, especially among young professionals who want to live in walking distance to martini […]
How Much Does It Cost to Maintain a Rental House?
After last week’s three-part series on rental property investing, several readers posed fantastic and hard-hitting questions. I answered most in the ‘comments’ section.
But one question deserved its own post.
How did you come up with the your maintenance cost estimate? I would expect much higher on such a large and old house. You’re probably […]
What a 2,000-Year-Old Roman Taught Me About Landlording
Note from Paula: This is the final installment of my three-part series about my building my real estate empire, one lopsided rotting house at a time. Check out Part 1 — House-Hunting — and Part 2 — Funding — before you read this conclusion.
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NOTE: This article was last updated in 2014 (and all […]
