…concept says that 50% of your gross revenue will get consumed by operating overhead, such as taxes, insurance, utilities, management, maintenance, repairs, vacancies, turnover costs, pest control, administration, etc. This…
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Q & A
I’ve answered many reader-submitted questions about money, travel, investing, real estate, work and life. Instead of digging through the archives, you can check out these answers below. Got a question?…
Why the One Percent Rule Matters (When Buying a Rental …)
…and money. You need a sorting mechanism. When you’re sifting through piles of potential properties, you need a yardstick by which to say “no, no, maybe, no, no, maybe, no,…
#223: Ask Paula – Should I Choose This or That? How to Weigh the Tradeoffs
…result in a net income of $1,200/month. We also owe $136,000 on our primary residence, and it’s worth $160,000. If that was also paid off and we rented it out,…
I’m Investing 100 Percent of My 2012 Income
…the new garage door. In addition, we also bought materials such as paint, primer, caulk, drywall compound, vinyl flooring, decking, cement, roof shingles, screws, nails, and LOTS of wood. I…
17 Lessons to Improve Your Money & Life
…flipping, wholesaling, tax liens, residential, commercial, offices, warehouses, mobile home parks … Nah. Don’t attempt everything. Pick one niche and one strategy. Focus there. Let the rest go. My niche…
#8: How Jay Became a Half-a-Millionaire — and How to 10x Your Net Worth
…intrigued Jay, so he started tracking his net worth. He also compiled a list of every blogger who discloses their net worth, as well. When this project began, Jay’s net…
Drugs, Your Brain, and Holiday Sales
…100 buyers are ready, willing and able to whip out their wallets and finalize the deal. Now. Furthermore, you know that this batch of 100 customers won’t stick around as…
Renting is Throwing Money Away … Right?
…roof, windows, siding, floors, garage door, etc.), we convince ourselves that our monthly costs are absent of those figures. “My costs are only $600 per month. Oh, and once every…
#489: Ask Paula: What to Do with a Six-Figure Windfall?
…finance app. It gives you a comprehensive view of all your accounts, investments, transactions, cash flow, net worth, and more. Go to monarchmoney.com/paula for an extended 30 day free trial….