Category: Real Estate
Saving for a House Down Payment #4: Couple, Big City
Double the people, double the fun. I’ll admit upfront that this process isn’t going to be fun. For a couple to buy a home in a big city, it will take lots of hard work and dedication. But, as a couple, you have a few things going in your favor, mainly twice as many people…
Renting Rooms vs. A Recession
I have been preaching about the incredible benefits of renting rooms for over two years. And I will continue to beat the drum until a few people begin to take notice. There is simply no better way to become wealthy for the average person. The return on investment for renting rooms is infinite, which means…
Rental Properties vs. Rental Rooms: Rental Income for the Average Person
If you follow my content, you will know that I am a massive fan of renting rooms. Sharing your living space is the single greatest wealth generator for the average person. However, the average person doesn’t want to live with someone else (even family) or want to take the risk of owning rental properties. To…
Saving for a House Down Payment #3: Couple, Small City
A couple (in a small city) working together to save for a down payment could be the best-case scenario for homeownership. Two heads are better than one, and this situation proves this. The only things that can get in your way are yourselves. I want to review some of the downfalls you may face if…
Private School vs. Real Estate
I think it’s safe to say that we all want the best for our children. We will move to different zip codes to change school districts or hire tutors to assist with coursework. In some communities, putting your kids in a private school is a golden rule. However, private school costs money—lots of money. Real…
40-Year Interest-Only Mortgage: Affordability Assistance or Debt Trap?
The housing market is at a record low for affordability. Not only do we have sky-high prices, but also higher interest rates than usual. Yes, historically speaking, mortgage rates are in line with the average. We are currently sitting around 6% for a single-family 30-year fixed. However, housing prices are the highest they have ever…
Saving for a House Down Payment #2: Single Person, Big City
So you want to buy a home in a massive city like San Diego, Houston, or Seattle? Well, it will take a fantastic amount of hard work, dedication, and grinding on your part. Are you ready to do whatever it takes (legally) to get a small starter home or condo in your city? I hope…
Turkey & Turnkey 2
How financially stable are you going into the holiday season? This time of year is the most expensive yet magical part of our lives. In what ways can we increase our income without spending our valuable time? To reach this challenging balance, we must create passive income streams. Rents to the win. One of the…
5 Takeaways from “SKILL”
“SKILL: A Top Producing Agent’s Guide to Earning Unlimited Income” by David Greene is the book for anyone who wants to be a top-producing real estate agent. In reality, it’s also for EVERYONE buying a house. That’s right, no matter how many homes you have purchased, this book can teach you something. I own three…
The Magic of Remote Work
Commuting to work every day sucks. I should know; I have done it every day in the military for the last 23 years. However, there are some good things about going into the office. You get to make friends and see people’s faces. You also can gather energy and motivation as a team to complete…
How to Buy an Expensive Home Safely
Unfortunately, house prices are through the roof. If you buy today, you are most likely purchasing at the top of the market. So how do you prevent yourself from getting burned in the process? My story. I bought a home at the top of the market in 2008. However, I didn’t prepare for the roller…
Saving for a House Down Payment #1: Single Person, Small City
I want to congratulate you on two things: being single and living in a small city. This combination of events puts you in the best position to save for a home. Welcome to the Saving for a House Down Payments series, where we will formulate a path to homeownership. Getting serious. As a young single…
Passive Income Road Trip #5: Real Estate
After five days on the road, I finally arrived somewhere I could call home. My hotel room overlooks a beautiful desert landscape here in Tucson, Az. The room is a great little studio apartment-style living arrangement. One of the essential ideas of real estate investing is location, location, location. However, real estate is a mindset…
The Sharing Economy vs. Inflation
How are we supposed to survive during inflationary times? The price of everything is going up, and our paychecks aren’t rising with these costs. What do we do? Fret not; the world has solved this problem already. That is if you are willing to share. If we can overcome our brainwashing and individualism, we can…
Home Cash: House Hacking vs Online Business
Do you need more cash flowing through your household? Cash flow is the heart of any relationship and home; therefore, we must make growing our income a top priority? We have many options to increase our income, but we also want to keep our time. Time is the most valuable resource on Earth, so delivering…
Small City. Passive Income. Great Retirement.
I’m a huge fan of retiring overseas to maximize my retirement dollars. Why not travel to a place where your dollars can allow you to live like a king or queen while still saving and investing? I wrote an entire series about Living Overseas on Passive Income (101, 102, 103, 104, 105, 106, 107, 108,…
Free Food: Turn Your Garden into a Business
We are in the most inflationary period in over fifty years. Due to multiple constraints with money-printing, the pandemic, and broken supply chains, food costs are increasing rapidly. How will the average person survive this pricing war? We need to go back to our roots (pun intended) and live off of the Earth. A few…
Retirement Plus: Use Rents to Supplement Your Retirement
You are about to retire at age 66. You have saved $1 million in your 401K and will be drawing $3,000/month in social security benefits. These income streams will total about $6,500/month in passive income. Is surviving on $6,500/month in passive retirement income enough to live the lifestyle your love? Only you can answer that…
Financial Independence through Real Estate 3
We have come a long way in our real estate knowledge. Hopefully, over the last 1.5 years, we have begun to formulate a plan to buy and exploit our advantages in real estate. This is book three in Signature Series 3. The other two books are “How We Plan to Retire on Dividends 3” and…
From Dirt to Dividends 6: Use Verimculture & Blue Chip Companies to Supplement Your Homestead
I’m feeling mighty wealthy today. That is because I have dividends coming in from all sorts of high yield products, such as closed-end funds and preferred shares. Currently, I am still working; however, I will retire, and my dividends will continue to pour into my accounts one day. With dividends incoming, I can spend my…
