Buying our Freedom, One Rental Property at a Time...
What is our most signficant financial metric we track? Net Worth What is Net Worth? Your net worth is everything you own (your assets) minus what your debts (your liabilities). Assets include cash, investments, your home and other real estate, automobiles, or anything else of value you own. Liabilities are...
3-6-2015 House #19 2014 Chou Dow Route – A long-term hold We grabbed house #19 off yellow letters yet again. I know it sounds really mundane how we source these deals, but we are creating a cash flow snowball, and it’s starting to gain some serious momentum. 2014 Chou Dow...
11/13/2014 Perfect Little Flip House I know we’ve highlighted a bunch of flips here so far, but hopefully, this is our last one for a while. We are in that constant need of more capital to fund more long term deals, and so that’s the case with house #18 3122...
I get this question ALL the time, from friends, family, people online. They all want to know, the answer to the following questions “Should I just rent my house out if I move out of it?” Or, “Hey I found this great house, should I make it a rental and...
October 2014 6503 Brokerage Divot – once again, we had to flip a property to get some cash. This house was just like the rest; our yellow letters were working incredibly well. A single guy owned this home who was freshly divorced, and all his kids had grown and left...
Time: The Great Equalizer If you haven’t noticed, The Stealthy Rich are obsessed with time and the time value of money. Time captivates us because it’s the one variable that is constant in our pursuit of wealth. It’s the one thing of which we can’t obtain more. Some people are...
8-2014 Rental House # 16 – 23319 Vented Earwig With our first two duplexes under our belt, it felt good to get a “normal” lead again. We were mailing yellow letters to about 500 homeowners twice a month. Once again, we got a hit on a letter for 23319 Vented...
8/2014 2350 Sauntering Sunlamp – Duplex #2 As soon as we got House #14 locked down, we were all ready to go on a second duplex nearby. We found this property through our yellow letters yet again. These letters are making us so much money! Somehow, those little yellow letters...
8-2014 Rental House # 14 – 22204 Loaf Smallness Time to get to 14 properties. It was amazing to think we were about to reach that number of houses after just two short years. 22204 Loaf Smallness was a little different than our previous homes, however. This house was a...
After the last two deals, we were ready for a keeper, a house we could hold onto and rent for a long time. After all, this was our primary goal: to acquire rental properties, have the tenants pay down the mortgages, make a little cash flow, and benefit from appreciation...
