Buying our Freedom, One Rental Property at a Time...
Here’s the second half of The Stealthy Rich’s guide on how to buy your first rental property. Here’s the first part if you missed it. Step 6: Understand Your Rental Market When it is time to purchase your first rental property, you can never research too much. One of the...
Step 1: Know Your End Goal In Buying a Rental Property Understanding your end goal is the first step towards purchasing an investment rental property. This end goal should rely on realistic expectations, your financial capabilities, chosen investment strategy, and the answers to the following questions. When do you plan...
People have been asking us on Instagram and through other channels what our most common significant repairs are in our real estate empire. Here are the capital improvements in order of frequency. 1. HVAC – (Air Conditioners and Furnaces) Our portfolio is located in Houston, and if anybody knows anything...
Often we get asked by our friends and loyal followers, “What kind of mortgage should I get on my property? Should I get a 30-year or a 15-year loan?” The prevailing thought is that although the monthly payment is less on the 30-year loan, you will end up paying a...
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...
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....
-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....
I get this question ALL the time, from friends, family, people online. They all want to know, the answer to the following questions “Should I just rent my house out if I move out of it?” Or, “Hey I found this great house, should I make it a rental 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...
