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Tag: rental property

August 17, 2016Written By Paula Pant

How I’m Making an Extra $3,450 Per Year with Three Weeks of Part-Time Work

Last month, one of our rental properties looked like this:

Today, the same property looks like this:

Renovating this rental property took three weeks, cost $13,648, and increased our rental income by $3,450 per year. We worked roughly 38 hours, spread across those three weeks.

Want to learn more about maximizing rental […]

Keep reading...

June 7, 2016Written By Paula Pant

Revealed: Our Bottom-Line Results from the Last Two Months …

Let’s open the books … again.

Every month I reveal my income, expenses and bottom-line results from my real estate investments.

This month’s update is long overdue (it’s a 2-for-1!) because I’ve been trying (unsuccessfully) to write a deep-dive lesson to accompany this article.

I don’t want to merely publish numbers; I want to add insight like “how […]

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...

April 14, 2016Written By Paula Pant

The Ultimate Guide to Hiring a Property Manager

Last month, I pocketed $7,461.43 from my rental properties — after expenses — and spent 5.5 hours looking after these investments. That’s $1,356 per hour.

That story is below.

But before we dive into those details, I’d like to highlight one event that made last month special.

Nope, it’s not the income.

Nope, it’s not the […]

Keep reading...

March 15, 2016Written By Paula Pant

Real Estate Investment Report: How I Earned $5,604 in Five Hours

Once a month, I share my rental property investment numbers.

I hope that this gives you more insight into whether or not buy-and-hold real estate investing is a path you want to pursue.

(Also, I’m trying something new this month by directly putting the net income — not the gross, the net — into the headline, […]

Keep reading...

January 12, 2016Written By Paula Pant

Real Estate Investment Income Report: Here’s What I Earned in December 2015

How much income did I earn through real estate investing last month?

And how much time did it take?

I’m back for another round of baring my financial books to the world.

Ready?

 […]

Keep reading...

July 18, 2013Written By Paula Pant

We Bought House #4! Check it Out!

Guess what? We did it again. We bought House #4, which represents our 6th rental unit in total!

“Whoa, Paula, this is getting ridiculous.”

Yeah, I know. Let’s meet the new rental, shall we?

NOTE: This article was last updated in 2015 (and all numbers reflect that year).

The Rental House

First, […]

Keep reading...

June 3, 2013Written By Paula Pant

I’m Upside-Down on My Home. Should I Rent It Out? Or Sell It?

An Afford Anything reader recently emailed me about this dilemma:

He’s upside-down on his home. He owes more than the house is worth.

But he wants to take advantage of today’s low housing prices, which will let him move his daughter into the best school district in town. He can put […]

Keep reading...

November 20, 2012Written By Paula Pant

How I Collect $3,000 Per Year in Passive Income from One Rental Property — with No Money Down

My former partner and I bought our third rental property in May.

We paid $0 down. We collect $15,000 per year in revenue. After expenses, including the financing, we pocket $3,000 per year in passive income from this rental property.

Not bad, eh?

NOTE: This article was last updated in July 2016 (and all numbers […]

Keep reading...

September 18, 2012Written By Paula Pant

Why I Spent $17,021 (on Home Upgrades) in the Past Three Months

You know that sinking feeling in the pit of your stomach, when you decide to remodel your kitchen …

… and you think it’ll cost $5,000 ….

… and it ends up costing triple your estimate?

Yeah.

 […]

Keep reading...

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Afford Anything

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