Buying our Freedom, One Rental Property at a Time...
December 2013 For house #7 on our asset list, it came from yellow letters once again. We got a call, and my partner, D, negotiated an excellent price for this three-bedroom, two-bath house. They were moving out very soon and were prepared to sell. It needed a little updating and...
Why do The Stealthy Rich hide their stash??? It’s not easy to nail every decision every time, but being stealthy with your wealthy (see what I did there) is a must do to be part of The Stealthy Rich. You don’t have to be perfect as long as you’ve...
Intentionality – the fact of being deliberate or purposive Nothing creates The Stealthy Rich faster than intentionality. This is the same room after a simple intentional make over. (Original catastrophe on the right.) Paint and refinished floors. Seems so simple, but it sat untouched for decades. Until the intentional choice...
The Stealthy Rich live next door to you. Bet you didn’t know we’ve met. It’s currently estimated that there are about 3,000,000 millionaires in the United States today. And given that there are about 300,000,000 Americans according to the latest census data, that means about 1 in 100 are millionaires. Even...
My hand was shaking when I signed the loan documents. We had such a good plan, but I was still terrified. We laugh now thinking about this dumpy little 2 bedroom house with a flat roof and window AC units. We paid $45,000 on this thing and spent 2 months...
Imagine having the ability to go back in time knowing what you know now. You’re in luck. You don’t have to… The decisions we make today, no matter how small they feel, are gifts to our future self. The real question is whether you are giving yourself the kinds of...
Using 300 to See How Much Retirement is Going to Cost Remember the movie 300? I watched it recently to refresh my memory and in it, King Leonidas uses his incredibly strong and skillful army of 300 warriors to slice through Persian armies until he reaches the king and ultimately...
“Borrow a million dollars, and then find a way to pay it back…” Too Much of a Good Thing Sometimes you get so many good things coming your way that it becomes a problem. Do you remember the times as a kid when your parents would let you eat all...
November 2013 Buying Rental Houses My partner and I were now getting good at buying houses, especially from these yellow letter lists from which we had been sending letters. Our problem now was having enough capital to close deals. We started getting friends to loan us money for the short...
Do you remember the fire triangle as a kid? It was the triangle that represented the three necessary parts of a fire. Heat Source Fuel Oxygen Without any single side of this triangle, you can’t have a fire. Take away the heat, and you’re left with just a pile of...
