Buying our Freedom, One Rental Property at a Time...
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...
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...
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....
As we go through this life, there are so many distractions. It’s so easy to get sidetracked from the things we “should” be doing or even maybe more directly what we REALLY want to be doing. We see it time and time again, friends want to start a business or...
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....
April 2015 23010 Vilest Admirer – A Great Buy and Hold Rental After getting House 21 stabilized and rented, we were ready for another project! One day out of the blue, the prior owner of House 17 called us up and wanted to sell us his other house in the...
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...
“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...
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...
