Category: Real Estate
Rental Income vs. Income Investing
Every middle-class American should aim to achieve three types of passive income: dividends, rents, and royalties. We ALL have access to these types of passive income; we need only make an effort to build these revenue streams as early as possible. If you are a young person just starting in the world, which is the…
Diversify Your Home Equity: Protect Yourself with Multiple Investment Strategies
The run-up in housing prices has slowed down, at least for now. However, many of us are still sitting on tons of home equity. Is it a good idea to let your house value determine your net worth? What if the housing market drops again, like in 2008? I don’t believe housing prices will drop…
Home Buying for the Average Person 2
“You will own nothing and be happy.” This thought process comes from the higher beings inside our governments, businesses, and military. Why is this quote so important to the middle-class family? Because we must be wary of how things slowly play out to fulfill this new reality. We used to buy physical products such as…
The Perfect Life: RV Life & Royalties
What a fantastic time in which we live. Never has it been easier or more convenient to make money from anywhere in the world. However, easier doesn’t mean less challenging. Living the laptop life comes with extreme discipline and consistency. We can merge the ideas of freedom and remote work with RV life. This means…
College vs. Property: Which is the Better Investment for Your Children?
As parents, our children need us more than ever. This goes beyond the ages of zero to eighteen; they will need us until the day we leave this Earth. Why do our kids need us so much compared to yesteryear? The world has changed a lot over the past two decades. Everything is more expensive,…
Is It Difficult to Own Multiple Houses?
Owning real estate is a guaranteed way to increase your net worth while creating generational wealth. However, it does take work to own a home. If you own multiple homes, you can significantly increase your chances of becoming wealthy. However, is the additional stress worth the payoff in the end? Today, I want to share…
Make Your Primary Residence Your Retirement Plan
What is your plan for retirement? How do you plan to replace at least 100% of your employment income with annual increases for inflation? For most Americans, this is a tough question to answer. It seems impossible to make more money without working than they made while employed. If you own a home, you have…
The Perfect Life: Homesteading & Dividends
Do you ever dream of getting as far away from the city as possible? I think about this every day on my commute to work. Society is becoming more dangerous and less intelligent, so it is wise to devise an escape plan. But how can you escape while living within 20 miles of a Walmart?…
Homeschooling + Online Business: The Stay-At-Home Parent’s Ultimate Dream
Do you dream of being a stay-at-home parent? Are you disappointed with the public (and private) school system? My dream is to homeschool my grandkids. I failed my two boys (ages 16 and 12) by putting them through the public school system—I believed I would get good results. However, the school system is much different…
Watch Your A.R.M.s: Should You Get an Adjustable Rate Mortgage?
When times are tough, thinking outside the box is a good idea. In most cases, we all want a standard fixed-rate 30-Year mortgage. I talked about new options in “40-Year Interest-Only Mortgage,” which proved a bad idea. But do we have more choices with interest rates crossing 7% on new mortgages? Our old enemy is…
Financial Independence through Real Estate 4
The real estate market is currently in turmoil as mortgage rates hit over 7%. The times of fast, cheap money are gone, at least for the time being. But real estate is always an excellent investment if you have the right mindset. Real estate is a tricky topic to discuss because many people don’t have…
Saving for a House Down Payment #6: Family, Big City
If you want to accomplish the most difficult thing in life, try buying a house in a big city while having a family. I cannot think of a more demanding position to be in as an adult. However, we can achieve anything we put our minds toward, so let’s move forward with a positive mindset.…
Homeschooling vs. Real Estate Prices
One of the primary reasons people select their homes is because of the school districts. Unfortunately, most homeowners and investors leverage this dynamic to increase prices in neighborhoods with good schools. But what if you decided to homeschool your children? Could you afford more homes farther away from the city center? Today, I want to…
Saving for a House Down Payment #5: Family, Small City
Did you wait until you were married and had a family before buying a home? Don’t worry; that’s what I did as well. Having a family definitely changes the dynamic of saving for a home, but it gives you two distinct advantages. First, your family gives you the drive and determination to succeed in saving…
Big Cities Require Big Mindsets
Do you think that you will become rich living in a big city? Do you believe you will be the next enormous success story to come out of San Diego, Los Angeles, Houston, Atlanta, or New York City? The chances are that you will not become rich or become a massive success story. It’s not…
Renting Rooms vs. Friendships
Renting rooms is the number one way for the average person to get ahead financially. It requires very little investment, and the returns are infinite. However, renting a room to a stranger can be intimidating. There are many unanswered questions until you physically live with someone. What if you knew your prospective roommate? What if…
Home Maintenance Budget vs. Emergency Fund
Owning a home is very expensive. I should know because I own three homes (along with my wife). As a homeowner, you must always prepare for the worst. It is also essential to plan for the unknown as an average person. We can achieve some form of security by building an emergency fund. Along the…
Home Equity Loans vs. Interest Rates
It seems every day I am talking about interest rates increasing. Unfortunately, this is the story of our generation. Most of us have not seen 8-10% inflation and 6-10% mortgage rates. But we are here now and need to take these developments seriously. If we continue to consume and enjoy life at face value, we…
Are You Ready to Become a Landlord?
Everyone wants to earn that sweet rental income, but no one wants to be a landlord. There are many ways to achieve this, like Real Estate Investment Trusts, but why not become a landlord? Becoming a landlord has its own challenges; however, you will learn a lot about people and human nature. If you stick…
Self-Storage vs. A Recession
Have you noticed how many self-storage buildings there are in your immediate area? Why is self-storage so popular all of a sudden? The simple truth is that people love stuff. As homeownership becomes more challenging, people hold onto their things while renting. We are entering a recession, which brings up a great question. Can you…
