Written By Paula Pant
Four months ago I declared that we’re renovating a 3-bed, 2-bath rental unit. You can see the “before” photos here.
For the past 120+ days, contractors have torn out load-bearing walls, reinforced the foundation, fought water damage, ripped out floors, torn away drywall and filled several 30-yard dumpsters to the brim.
[…]
Written By Paula Pant
One of my rentals is back on the market. Last time, it took me three months to find a tenant. That’s because I made a crucial error which cost me $2,700 in lost revenue.
You see, if I needed to rent a home, I’d check Craigslist. It’s the only place I’d […]
Written By Paula Pant
Many of my readers are rental property investors (or aspiring investors). But not all of them live in “cheap locations.”
Several readers have asked what how to invest if they live in a place where houses don’t meet the One Percent Rule.
Let’s answer this question by featuring Brian and Kristin, a couple in Arlington, […]
Written By Paula Pant
My former partner and I bought our third rental property in May.
We paid $0 down. We collect $15,000 per year in revenue. After expenses, including the financing, we pocket $3,000 per year in passive income from this rental property.
Not bad, eh?
NOTE: This article was last updated in July 2016 (and all numbers […]
Written By Paula Pant
You know that expression: “Whatever your renovation budget … double it?”
That happened a few months ago. I predicted that renovating one of my rental units would cost about $5,500 and would raise the rent by an extra $150 per month. I was waaayy off base.
In reality, the remodel cost $17,021 […]
Written By Paula Pant
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.
[…]
Written By Paula Pant
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 […]
Written By Paula Pant
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 […]
Written By Paula Pant
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” […]
Written By Paula Pant
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 […]
