Buying our Freedom, One Rental Property at a Time...
As we go through this life, there are so many distractions. It’s so easy to get sidetracked from the things we “should” be doing or even maybe more directly what we REALLY want to be doing. We see it time and time again, friends want to start a business or...
We’ve outlined below our favorite and most influential books. Part of what has helped us along our journey and taught us how to be stealthy with our money is to acquire as much knowledge on the subject as possible. We read and listen regularly to all that is out there...
A 401k: Should I contribute? I remember as a young college kid, hearing words like 401k, Roth, IRA, and they were so confusing. I seriously thought 401k was the amount of money ($401,000) you had to invest before you could use the account. I was so naive (just like the...
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...
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 # 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...
May 2014 We did it! With enough cash from our prior houses, we decided to buy a home with cash! 22502 Depraving Tigers was a little, unassuming house that we found through our yellow letters. The owner was VERY interested in the fact that we could close in less than...
May 2014 This property was a fun one. We sent out about 500 letters over the last few months, and one of the calls we received was for 28710 Eastern Rosette. It was our traditional three-bedroom, two-bath house in an older neighborhood, but one with desirable schools. It was built...
New to our story? check out House #9 April 2014 Hard to imagine this was our tenth deal. In one year we have bought over ten houses keeping 8 of them. Looking back, we can confidently say that holding real estate is our best chance at achieving real wealth and...
