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...
June 2015 Rental house #24 – 2015 Cheever Din Pricker OK, guys get ready, we are about to go a tear here as now we have a self-sustaining rental house machine that is churning out a decent amount of cash each month and allows us to replenish a fund for...
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...
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...
My hand was shaking when I signed the loan documents. We had such a good plan, but I was still terrified. We laugh now thinking about this dumpy little 2 bedroom house with a flat roof and window AC units. We paid $45,000 on this thing and spent 2 months...
“Borrow a million dollars, and then find a way to pay it back…” Too Much of a Good Thing Sometimes you get so many good things coming your way that it becomes a problem. Do you remember the times as a kid when your parents would let you eat all...
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....
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,...
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...
