…in the ringleader, but also in the team she hires. Notice that I didn’t mention price. My goal is to hire the best, not the cheapest. Sure, there might be…
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We Bought House #4! Check it Out!
…But vacancies, maintenance, repairs, taxes, insurance, and management will take a huge bite out of your gross profits. There’s a broad rule-of-thumb known as the “50% Rule,” which states that…
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…
We Bought a Third Rental House!
…to the front porch! Much better! The LowDown The basic stats are normal: 3 bedrooms, 1.5 baths, built in 1965, neglected and needs repair. Up to this point, the description…
The 12 Essential Lessons You Must Learn About Money & Life
…like “money isn’t everything,” “money doesn’t matter,” or “I’d rather be happy than rich.” Those sentiments, frankly, are baffling. Why would most people work 8+ hours everyday, only to claim…
“I Want to Create Passive Income, But I Don’t Know Where to Start” — Part II
…else being equal (similar age, style, size, location, quality). If you’re willing to look at Class B or Class C neighborhoods, or venture into the countryside, you’ll likely find even…
House #2 is Rented! How Good of a Deal Was It?
…need to maintain common areas like the lobby, hallways, parking lot, facilities, etc.) A different rule of thumb says that 1 percent of your purchase price will be the home’s…
Why I Spent $17,021 (on Home Upgrades) in the Past Three Months
…was an ugly space: yellowing 1970’s countertops, pink-and-brown bath tile, and a refrigerator that blocked the bedroom door. I decided to upgrade the unit: stainless steel appliances, granite countertops, a…
#320: Ask Paula – Thinking about Money from First Principles
…where can you get the best terms, and what are the disadvantages? Additionally, she’d like to know which city is best for rental investing: Atlanta, Dallas, or Raleigh? My friend…