Buying our Freedom, One Rental Property at a Time...
July 2016 25107 Artesian Chuckhole The acquisition of house #33 was entirely typical for The Stealthy Rich. Yellow Letter, buy with cash, rehab a month later. BRRR style. This property was located in Spring, TX, and was built in 1980. It has about 1900 square feet with four bedrooms and...
June 2016 Hey Stealthies, we hope you had a great 4th of July. I know we did. We spent it with friends and family eating good food and blowing stuff up. It’s time to get back at it, and part of that means documenting our ever-evolving road to wealth. Here’s...
Hey everybody! Wow, it has been a long time since our last post. Usually, we then say how we haven’t posted in a long time because things are “crazy.” That typically means we’ve bought some houses and experienced some unbelievable tenant stories, and we’ve made some money along the way...
22131 Birded Brook Giver – May 2016 We hooked another one with our super-simple yellow letters, and we couldn’t have been happier about it. A guy called Dave on a lazy Tuesday afternoon and told him he had a house he wanted to sell. Dave asked him what he...
Here’s the second half of The Stealthy Rich’s guide on how to buy your first rental property. Here’s the first part if you missed it. Step 6: Understand Your Rental Market When it is time to purchase your first rental property, you can never research too much. One of the...
Step 1: Know Your End Goal In Buying a Rental Property Understanding your end goal is the first step towards purchasing an investment rental property. This end goal should rely on realistic expectations, your financial capabilities, chosen investment strategy, and the answers to the following questions. When do you plan...
March 2020 22118 Loaf Smallness – Rental House #76 Half of The Stealthy Rich is addicted to the MLS. If you don’t know about the “MLS,” it’s the Multiple Listing Service, which is where all realtors can list properties. Zillow.com, redfin.com, realtor.com, and every local MLS like har.com are examples...
February 2016 We may sound like a broken record, but sending Yellow Letters is the gift that keeps on giving. We were sending about 700 letters a month. They are specifically targeted to non-owner occupied, long-term owners, in our specific zip codes. Dave got a call on 6614 Defiant Gaveller...
People have been asking us on Instagram and through other channels what our most common significant repairs are in our real estate empire. Here are the capital improvements in order of frequency. 1. HVAC – (Air Conditioners and Furnaces) Our portfolio is located in Houston, and if anybody knows anything...
Often we get asked by our friends and loyal followers, “What kind of mortgage should I get on my property? Should I get a 30-year or a 15-year loan?” The prevailing thought is that although the monthly payment is less on the 30-year loan, you will end up paying a...
