Category: Real Estate
Real Estate Investing in Your 50s
Real estate investing can become a significant income stream for you and your family. Every month, you’ll get a nice stack of cash flow to help with expenses and other luxuries. However, real estate investing isn’t always passive. Trust me; I own three homes, and they all go through periods where they need some TLC…
5 Takeaways from “Shipping Container Homes”
“Shipping Container Homes” by Louis Meier speaks to a growing niche of people looking for alternative housing. With housing prices soaring, it’s no wonder people are looking for different ways to live the American dream. I have worked out of shipping containers for most of my 23-year military career, so I can vouch for their…
RV Life vs Homesteading: Which Lifestyle Suits You Best?
I have focused a lot of the past few months on building e*Commerce sites, automated businesses, the metaverse, and working from home. Sometimes I forget what all these things are genuinely about—freedom of location. Indeed, if you can create enough passive income for yourself and your family to live comfortably, you can live anywhere. I…
House Rich, Cash Poor: Avoid the Housing Trap
Inflation is upon us, and it doesn’t look to end any time soon. Everywhere we turn, prices are increasing to reflect the new world order. So, what can the average person do to survive? The most significant expense that most people have is housing. The cost of living in our homes is also skyrocketing. I…
5 Takeaways from “The Homesteading Encyclopedia”
“The Homesteading Encyclopedia” by Kelly Reed helps us city folks get into the mindset of a homesteader. You can homestead anywhere, from apartments to large acreage, but the philosophy is similar amongst all. Homesteading is more than farms, animals, and gardens. It encompasses all things related to sustainability, including sewing, recycling, and energy generation. You…
Real Estate Investing in Your 40s
Our 40s will determine how successful our retirement plan carries us through life. If you are a male, your prime earning years are 40-50. If you are a female, you may be bouncing back from having children and ready to start earning. Whatever the case, success in our 40s will require us to double down…
The Beauty of Rental Income
The world is a beautiful place when we take the time to enjoy the view. Sometimes it is hard to value the world during our hectic and chaotic lives. But, some things can make your life even more beautiful. Here are my top four things that can make your life even more vibrant: a fantastic…
Real Estate Investing in Your 30s
Usually, our 30s are when we get serious about buying our first home. It is also when we are most likely to set ourselves up for failure. Welcome back to the Real Estate Investing at Any Age series (20s), where we build a path to lifelong real estate success. Please read the companion article “Retirement…
Real Estate Investing in Your 20s
Your 20s can be a magical time in your life, or they can be a nightmare. You can say the same about real estate investing at any age. To be successful in your 20s at anything, you must be ten steps ahead of the group. To achieve different results, you have to do things differently. …
What if Your House Paid Dividends?
Let’s do a thought experiment. What if your primary residence paid you dividends at the end of every year? You would get half of the value increase in the market value. For example, if you start this year at a home value of $200,000 and end the year at $220,000, you would get $10,000 in…
5 Takeaways from “The Perfect Investment”
“The Perfect Investment” by Paul Moore is a deep dive into the world of commercial real estate. More specifically, giant (100+ doors) multi-family housing that you can buy via syndications, partnerships, and limited liability corporations. You will need to be an accredited investor for this scale of investing. According to Investopedia, you will need to…
Why Real Estate is IDEAL: Income
Real Estate has probably made more millionaires than any other business or job. Once you understand the tax advantages and use of leverage, you can grow your empire rather quickly. My favorite author, Robert Kiyosaki (“Rich Dad Poor Dad”), says that the government incentives real estate developers to ensure high interest from entrepreneurs. I tend…
Your First Home: Investment Property or Dream House?
Buying a home can be an emotional roller coaster no matter how you try to fight your feelings. Some people worry about having a huge mortgage over their heads for 30 years. Others want to ensure they are buying the perfect home. Today, we will try to remove as much emotion out of the home-buying…
Self-Storage vs. Mobile Home vs. RV Park 3: The Best Passive Large Business
We have taken a pleasant journey from a one-acre lot to a more oversized 10-acre lot. We built barn houses, RV hook-ups, and mobile homes. Today, we will buy a mega-sized commercial property already operating our business of choice. Welcome back to the Self-Storage vs. Mobile Home vs. RV Park series (Part 1, Part 2),…
Self-Storage vs. Mobile Home. vs RV Park 2: The Best Medium Business
Now it’s time to take our passive income up a notch. In “Self-Storage vs. Mobile Home vs. RV Park part I,” we discussed how we could make good passive income on one acre of land. Today, we will up the ante by purchasing 5-10 acres of land and building out some serious passive income. I…
The Metaverse 102: Investing in Virtual Real Estate
Let me be clear; I was very intentional with the word “investing” in the title of this article. I didn’t write “buying, flipping, selling” for a reason. The metaverse is the new gold rush—lots of investors will make millions, but more people will go home in tears. As investors, we need to mitigate risk at…
Self-Storage vs. Mobile Home vs. RV Park: The Best Passive Small Business
The best part about reading tons of books is that eventually, you’ll start comparing things that people usually don’t compare. Today is one of those cases as I look at self-storage, mobile homes, and RV parks. However, I will not be looking at the sprawling, mega-acre versions of these businesses. Those huge properties are commercial…
Financial Independence through Real Estate 2
The average person can take themselves from rags to riches by leveraging real estate. Real estate has probably made more millionaires than the stock market and business combined. Of course, that is just a guess, but leverage is a powerful bedfellow—and nowhere is leverage as accessible as real estate. Where else can you go and…
RE Lifestyles 4: Single-Family Vs. Multi-Family
What are your passive income goals for the long term? How many different sources of passive income do you want in your ecosystem? These questions are vital because they will help you determine what level of real estate ventures you pursue. Welcome back to the Real Estate Lifestyles series (Part 1, Part 2, Part 3),…
5 Takeaways from “Starting Your Career as a Contractor”
“Starting Your Career as a Contractor” by Claudiu Fatu fills an integral part of my knowledge of the world of real estate. As a real estate investor, there are four top professionals you will interact with to perform the best deals: lender, property manager, real estate agent, and general contractor. I have already read books…
