Buying our Freedom, One Rental Property at a Time...
01-2017 Read about House #40 to catch up on our story. Here’s the story on house #41. Again, we had bought 5 from the same owner, so here we are trying to document what just happened and how we were processing acquiring all these at once. These all came from...
01-2017 Read about House #39 to catch up on our story. Now we will outline what happened with the second house in that group of five properties we bought from that distressed out-of-state landlord. Dave and I still couldn’t believe we had snagged FIVE HOUSES at once. However, this...
Y’all, it’s been quiet the last few weeks here, for which we apologize. It was going so smooth to start 2021, we had no vacancy, which is the sweetest thing ever, and we weren’t buying anything because the market is nuts right now. Therefore we literally had nothing to talk...
01-2017 Read about House #38 to catch up on our story. This is where it starts to get crazy in our story. We’ve now bought four houses in the last few months, including house #37. The transaction was so smooth that the owner called us back and wanted to sell...
12-2016 Read about House #37 to catch up on our story. I know it’s been a while since we last posted. We had a crazy Q4 2020 as we purchased over 200 doors in two apartment complexes… We will document that eventually, but today we are going to focus on...
12-2016 Read about House #36 to catch up on our story. We found House #37 through a yellow letter. This is how we find the majority of our properties as it’s the best way, in our opinion, to buy them at a discount and set yourself up for the best...
8-2016 Read about House #35 to catch up on our story. We found House #36 through a wholesaler. A wholesaler is somebody who gets properties under contract for a living but then “assigns” the contract to somebody else for a fee. The wholesalers have no plan to ever close the...
8-2016 Read about House #34 to catch up on our story. House #35 comes to us courtesy of the MLS. We regularly check our local MLS on har.com to see the cheapest houses in our “farm” area. Most of the time, there are no deals, but once in a while,...
We are going to dive into capital improvements vs. expenses today. What are they? What are the tax implications? Should you care about the difference? Expense Categories for your Rental Property If you own rental properties, you are going to have expenses associated with your units. Hopefully, most will be...
7-2016 We had just finished House #33 when this property fell into our lap. Again the house came through yellow letters. We will keep beating that drum until it breaks. The reason we keep telling this story over and over again is to show that small, consistent steps make the...
