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Tag: cardratings

November 1, 2016Written By Paula Pant

The Cheapskate’s Guide to Kitchen Renovations (+ Rental Income Report)

Some people are addicted to booze; others gambling.

Me? Home renovation.

Three months ago, we finished a $13,000 remodel on Rental House #4. To celebrate, we told our contractor to demolish a kitchen in a different house.

Call it a victory lap.  🙂

We’re renovating House #2, and we’re coordinating everything — from demolition to final clean-up — […]

Keep reading...

April 28, 2016Written By Paula Pant

Why the One Percent Rule Matters (When Buying a Rental …)

Hey, I have a question for you.

You buy a rental property. Congrats. How long will it take before the property pays for itself?

“Uhhhh…. ??”

Okay. I thought so.

By the end of this article, you’ll know how to calculate this figure.

In the process, you’ll understand why the One Percent Rule matters … […]

Keep reading...

May 15, 2015Written By Paula Pant

“I Want to Create Passive Income, But I Don’t Know Where to Start” — Part II

This is Part II of the Passive Income for Beginners series. Start by reading Part I here.

When I quit my 9-to-5 job, I had no concept of passive income.

Like most people, I conceptualized money in terms of time: “they pay $25 per hour” or “she makes $60,000 per year.” When I quit […]

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November 12, 2013Written By Paula Pant

How I Went From Broke to $4,600 / Month in Passive Income By Age 28

 

Note from Paula: Today I’m featuring a guest post from my friend Brandon Turner, who is officially The Tallest Guy I’ve Ever Met.

I suggested that he write a post about “How I Got So Friggin’ Tall.”

He countered by offering the juicy details on how he created $4,600 per […]

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January 25, 2012Written By Paula Pant

Should You Invest in This Rental Property?

Forget fancy-pants calculus.

The most important math is the stuff you learned in fourth grade.

How do you know if an income property (rental property) is a good investment?

In this article, I’m going to share three formulas I use when I’m analyzing rental properties.

TweetPin4KShare243 […]

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January 24, 2012Written By Paula Pant

How Much Does It Cost to Maintain A House?

When we first purchased a house, we thought the only expense would be the mortgage. Haha!

Little did we realize that the mortgage is only the beginning.

Homeowners pay for an absurd amount of operations, maintenance and repairs:

Trash service. Water and sewer bills. Gutter cleaning. Termite treatment. Pest control. Power-washing. Replacing […]

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