Buying our Freedom, One Rental Property at a Time...
June 2013 How to Buy a Rental House Like a Boss After that fateful lunch in Spring 2013, D and I banded together with three other guys who were eating lunch with us that day. Our goal was to buy some rental houses, and have an experiment with renting to...
July 2013 With our first rental, we found a tenant, AND they were paying us rent! They were putting almost 700 dollars in our pocket each month. Delicious. This situation felt so good to us that we started having dreams of an army of tenants paying rent every month. Dave...
August 2013 Now, we were rocking and rolling with two houses, we had renters, and we had done a pretty significant rehab on the second one. We were now hungry for a third property to continue to build our cash flow snowball. We scoured the MLS and came across 24139...
September 2013 We have now purchased three houses, and we have them rented with tenants who pay on time, and they haven’t burned down. We consider that a massive success. Now we think we are ready to take over the world! My buddy, D, calls me one day and says,...
September 2013 Now we were really cookin’! We had officially lifted a house 12 whole inches and rehabbed most of the inside very inexpensively. We then creatively financed the house and pulled all of our money out of it. There had to be more deals out there like house #4....
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...
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...
May 2014 A few weeks after we added house #7 to the farm, we came across another fantastic deal in 23307 Pinery Riverbed. This property was a four-bedroom, two-bath house close to our foundation project house. It was an investor/contractor who had bought it and fixed it up and was...
Full Disclosure… as I’m writing this on Thanksgiving we just got a call from a tenant. She told us that her toilet was spilling out into the bedroom with all kinds of nastiness. Joy. This call is stressful for us as the property managers especially on a holiday, but this...
May 2014 Another House Flip to Generate Cash Hindsight is 20/20 yo. This mindset is the phrase that comes to mind when I think about house #9. We found 2702 Drifter Overbooks through our yellow letters campaign. An old, tired landlord contacted us and wanted to sell. D negotiated a...
