…new carpet, etc.) are 1 percent of the purchase price per year. I’m dubious about the correlation, but that rule-of-thumb sounds more reasonable than the 50 percent rule. Before you…
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How Sarah Quit Her Job, Launched an Online Business, and Now Travels As Much As She Wants
…over 50 sales, which is great considering we spent maybe five minutes setting up the shop, and that we can put the shop “on vacation” while we’re traveling. I also…
Why the One Percent Rule Matters (When Buying a Rental …)
…price. A property that costs $100,000 should rent for at least $1,000 per month A property that costs $200,000 should rent for at least $2,000 per month A property that…
Everything I Know About Blogging, Condensed into One Post
…full-screen signup. The sign-up box on the homepage. The sign-up box at the bottom of the page. PDF downloads of individual blog posts. Let’s talk about that last option: PDF…
I’m 36 and I tested positive for coronavirus. My so-called “moderate” case is brutal.
…lay in bed and give myself pep talks. “You can sit up. You can do it. Pull yourself up slowly. Sit. Sit.” I delay for an hour, then another hour….
I’m Investing 100 Percent of My 2012 Income
…heater, tune up the HVAC, take a few huge loads to the dump (or rent a dumpster), paint the fascia and termite-proof the house. In short: I need to pour…
Should You Invest in This Rental Property?
…Does the monthly rent equal one percent of the purchase price or more? A $100,000 property should rent for at least $1,000 per month A $200,000 property should rent for…
Drugs, Your Brain, and Holiday Sales
…is full-price or discounted. Brand loyalty trumps price. Negative – These customers react to cheap prices with skepticism. Their minds assign a higher “perceived value” to expensive products. Have you…
Renting is Throwing Money Away … Right?
…/ Renovations: $250/month (1 percent of property value per year; includes major capital expenditures) Property taxes: $300/month (1.3 percent of property value per year) Homeowner’s insurance: $125/month (0.5 percent of…
Not Earning Enough? Start a Side Hustle
…frustrated. Pay attention to problems that affect people around you. For example: Many real estate agents in my neighborhood don’t run their own website. Their only online presence comes from…