Buying our Freedom, One Rental Property at a Time...
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...
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...
We reviewed the first half of our systems last week and talked about how they can help you streamline your business and help you grow to new heights. Today we will go through the second half of these processes that make our rental business tick. Remember, in our case, these...
Now that we’ve wrestled the responsibility of managing our houses away from our property manager, we had to find a way to convert our manual processes into something faster and more efficient. You need repeatable, simple systems if you want your business to scale and work seamlessly. We desired to...
