Buying our Freedom, One Rental Property at a Time...
What is our most signficant financial metric we track? Net Worth What is Net Worth? Your net worth is everything you own (your assets) minus what your debts (your liabilities). Assets include cash, investments, your home and other real estate, automobiles, or anything else of value you own. Liabilities are...
11/13/2014 Perfect Little Flip House I know we’ve highlighted a bunch of flips here so far, but hopefully, this is our last one for a while. We are in that constant need of more capital to fund more long term deals, and so that’s the case with house #18 3122...
October 2014 6503 Brokerage Divot – once again, we had to flip a property to get some cash. This house was just like the rest; our yellow letters were working incredibly well. A single guy owned this home who was freshly divorced, and all his kids had grown and left...
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...
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...
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...
Buying a rental house is fun and has made us a great deal of money thus far. However, we needed to find a way to buy them even smarter, cheaper, faster. Up to this point, we had been good at scouring the local MLS (Multiple Listing Service) to find excellent...
