Buying our Freedom, One Rental Property at a Time...
May 2014 Another House Flip to Generate Cash Hindsight is 20/20 yo. This mindset is the phrase that comes to mind when I think about house #9. We found 2702 Drifter Overbooks through our yellow letters campaign. An old, tired landlord contacted us and wanted to sell. D negotiated a...
May 2014 A few weeks after we added house #7 to the farm, we came across another fantastic deal in 23307 Pinery Riverbed. This property was a four-bedroom, two-bath house close to our foundation project house. It was an investor/contractor who had bought it and fixed it up and was...
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...
November 2013 Buying Rental Houses My partner and I were now getting good at buying houses, especially from these yellow letter lists from which we had been sending letters. Our problem now was having enough capital to close deals. We started getting friends to loan us money for the short...
Do you remember the fire triangle as a kid? It was the triangle that represented the three necessary parts of a fire. Heat Source Fuel Oxygen Without any single side of this triangle, you can’t have a fire. Take away the heat, and you’re left with just a pile of...
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...
June 2013 How to Buy a Rental House Like a Boss After that fateful lunch in Spring 2013, D and I banded together with three other guys who were eating lunch with us that day. Our goal was to buy some rental houses, and have an experiment with renting to...
The day I decided I was going to get rich was March 8th, 2013. I remember it was a Friday, and I was meeting some friends for lunch. We always went to this restaurant during Lent, because they sold fish tacos half price. After we pounded down some grub, we...
