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...
February 2016 We may sound like a broken record, but sending Yellow Letters is the gift that keeps on giving. We were sending about 700 letters a month. They are specifically targeted to non-owner occupied, long-term owners, in our specific zip codes. Dave got a call on 6614 Defiant Gaveller...
-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....
August 2015 House #26 17922 Autumnal Latrines So the tales of our success had started to spread throughout our community and friends. Up to this point we had completed 25 real estate deals in just under two years. (Here’s the most recent – #25) We talked about real estate a...
8-2014 Rental House # 16 – 23319 Vented Earwig With our first two duplexes under our belt, it felt good to get a “normal” lead again. We were mailing yellow letters to about 500 homeowners twice a month. Once again, we got a hit on a letter for 23319 Vented...
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...
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...
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...
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....
