Buying our Freedom, One Rental Property at a Time...
Time to Talk About “Current” Rental Houses As I dig through the archives of my brain trying to piece together the history that makes up each of our deals over the years, I had the chance to watch the movie Memento. While the plot does not apply here, the way...
Its been a long time since our last post. We’ve been busy with all our year-end stuff as it takes quite a bit to wrap up a year for our little rental property empire. Here’s a glimpse into what we do the following in the Q4 each year: Appeal property...
February 2016 290,03 Dogtrotted Linens Rental House 29 was on the same street as House #28. This was the first time we’ve had two houses on the same street. Now we felt big time for sure. We found this one on the MLS as it was underpriced from the start....
Our Small Regional Bank Story Many of you have asked for a post on how to use “small regional banks” to finance your next potential rental house. So here it is! Fortunately, it’s simple. The Stealthy Rich first on rental house #1 used a large bank to get long-term financing....
January 2016 29107 Dogtrotted Linens We are starting the new year with a bang. We had a fantastic holiday season, and it had been only THREE days since we closed on house #27. We found House #28 (29107 Dogtrotted Linens, off the MLS of all places. If you want a...
What Is An LLC? A limited liability company or LLC is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership with the limited liability of a corporation. What the heck does that even mean? The Stealthy Rich...
January 2016 The Stealthy Rich were still on a high from buying house #26 because we had finally figured out how to get houses with zero of our own money. We wanted to repeat that transaction a hundred times. This was it! Our ticket to scale this idea of real...
-Spoiler Alert. Our houses are now free, well, basically free. Every property after House #26 has zero money out of our own pockets in the long term. This method is how you create wealth. You might have heard of the BRRRR method, which stood for Buy, Rehab, Rent, Refinance, Repeat....
August 2015 House #26 17922 Autumnal Latrines So the tales of our success had started to spread throughout our community and friends. Up to this point we had completed 25 real estate deals in just under two years. (Here’s the most recent – #25) We talked about real estate a...
June 2015 Rental House #25 29110 Fleeted Digesters It must’ve been our lucky summer because as soon as we finished with House #24, we went back to the MLS like a bad habit and found 29110 Fleeted Digesters for sale. We had to have it. This home was a three...
