…12′) Ideally a fixer-upper. Must be a foreclosure, short sale or estate sale. “How come you’re not considering multifamily homes?” Start small. Expand later. I can’t search for multiple types…
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Your House is a Lousy Investment
…roof (the cheapest) on a ranch house will cost $1,700 – $8,400, according to CostHelper.com. Let’s taking the average of those prices — $5,050 — and the average of that…
We Bought A Second Rental House!
…course, “total purchase price” equals the initial purchase cost PLUS the initial repairs needed to make it rent-ready. When I saw the house, my gut reaction was that the upfront…
The Sunk Cost Fallacy: The Surprising Reason Why People Cling to Jobs and Investments Longer Than They Should
…to go.” “Only incremental costs should influence decisions, not sunk costs. But who among us is so rational?” Would You Throw Good Money After Bad? A hungry lion crouches near…
Mini-Retirements, Semi-Retirement, Early Retirement — What’s the Most Awesome Lifestyle?
…Philippines, Pakistan and India who are willing to work for $4 per hour, and you’re competing on price, you’ll earn pennies. Don’t compete on price. Compete on quality and niche….
Three Money-Saving Tips You Should Avoid
…and cause you to stockpile things you don’t need. This energy-draining activity requires: Gathering coupons Printing or clipping the coupons Filing them in your wallet Hunting for a specific brand…
#140: Ask Paula – Should I Buy a Rental Property with an HOA?
…the HOA fee. These are standard operating costs. As an investor who owns properties without HOAs, I don’t avoid these costs. Instead, I pay for these costs piecemeal, and I…
How Much Can You Earn from a Rental Property? Here Are My Numbers …
…many hours of behind-the-scenes sleuthing. #3: I’ve purchased every property significantly below market value. My properties include two foreclosures, two short sales, and one estate sale. As a result, I…
#496: The Pay Cut Price of Freedom
…cost $2,500 a month. A home purchase would cost $425,000 for an acceptable place, and $500,000 plus for one that’d make everyone in the family happy. I can access a…
Travel the World for the Price of a Honda
…year before things became tight. It turned out that I vastly overestimated how much the trip would cost. That $25K was enough to get me by for two-and-a-half years —…