Category: Real Estate
The Business of RV Life
Do you dream of one day cruising around the countryside in an RV, visiting national parks and museums? Well, there has never been a better time to become an RV person or family. Not only are housing prices growing out of control, but the pandemic has shown that the ability to travel independently will be…
Pay for College with Real Estate 104: Cash-Out Refinance
Welcome back to the Pay for College with Real Estate series (101, 102, 103). Today is a good day because we will take advantage of low mortgage rates to refinance our house to pay for our kids’ or grandkids’ college. Let’s do a quick refresher. We bought a home in Yuma, Arizona, for $538,000, and…
A Shortage in Starter Homes: How to Buy Homes Today
Wow, this is a crazy time to attempt to get into the housing market. Prices are at all-time highs, we are starting to recover from a timber shortage, and we can’t build enough homes to keep up with demand. Even homes going up for sale are going through bidding wars with other buyers—what is a…
The Succeeding in Reading: 54 Takeaways from 54 Books
We just discussed why reading is vital to building wealth in the article “The Succeeding in Reading.” Now let’s look at the 54 books I have completed in the last ten months. “10 Other Real Estate Investments You Can Make” There are many ways to profit with real estate, outside of owning rental homes. “40…
Pay for College with Real Estate 103: Leverage Home Equity Loans
It’s time to jump back into our Pay for College with Real Estate 101 Series (101, 102). Last time we covered the concept of buying a home and selling it to pay for college. This method offered a clean-cut experience with no residual stress from real estate. But, you don’t keep any residual cash flow…
Inflation vs. Rents
The pinch is real. Do you feel a little lighter in the wallet as you walk out of the store? If you are a budget hawk, you already know what is going on. Some people may think that their invisible budget has ballooned out of control, but that is not the case. Inflation is upon…
5 Takeaways from “40 Ways to Increase the Net Income of Your Rental Property”
Man, I sure do love passive income! And the book “40 Ways to Increase The Net Income of Your Rental Property” by Al Williamson delivers on the promise to reveal ideas on ways to increase passive income sources. The book is split up into multiple categories, each containing passive income ideas. It is mainly for…
Pay for College with Real Estate 102: Buy a House, Sell a House
Good day, and welcome back to the Pay for College with Real Estate Series (101). Today, we will start our technical analysis of ways to leverage real estate to cover the escalating prices of college. Let’s review our assumptions: we will need $150,000 profit, our child is going to an in-state school, the house will…
The Biggest Book on Passive Income Ever
The Biggest Book Ever of Passive Income includes 310+ Chapters, 1,000+ Pages, 350,000+ Words! And did I mention that each chapter has its own individually crafted chapter artwork? This should keep you motivated to reach the end. If you can finish this book, your outlook on life will be vastly different. Good Luck on your…
Pay for College with Real Estate 101: Real Estate vs. 529 Plan
College costs are skyrocketing every year, and there is nowhere to hide. Sure, your kid may get a full scholarship, but chances are they will have to pay some costs out of pocket. As parents, we have to also worry about our retirements and college for our children. This financial situation is tough to put…
The Magic of Rents: Consistent Wealth
Ahh, wouldn’t it be nice to sit back on your chair, relax, and still make tons of money? I guess that would be the ideal way to receive cash passively. I never thought about passive income this way until a strange event happened in my life. My wife and I had just bought our third…
Run a Property Management Business
Life is good, isn’t it, especially when you have money? Even though my wife and I have our financial act together, we are always on the hunt for ways to add additional income streams to our portfolio. I just finished a book on opening a business in the physical world called “How to Start a…
Creative Financing in Real Estate 106: Business Credit
Another day, another financing idea. The purpose of the Creative Financing in Real Estate Series (101, 102, 103, 104, 105) is to brainstorm methods for us to buy properties. The real estate market is at its top, and every penny we can leverage is invaluable. Today, we will talk about business credit lines. I do…
5 Takeaways from “The Book on Managing Rental Properties”
Do you want to save a ton of money throughout your lifetime? Yeah, who doesn’t? Managing your own rental properties can save you thousands upon thousands of dollars over the course of your life. But is it something that you genuinely want to do? “The Book on Managing Rental Properties” by Brandon and Heather Turner…
Creative Financing in Real Estate 105: Hard Money
So you want to become a house flipper, like those on HGTV? Flipping homes is the best use case of hard money loans. But hard money lending is not for everyone. If there is a way to avoid it, you may want to find a different approach. Before we get into all that, don’t forget…
Is Rental Income the Best Type of Passive Income?
Passive Income is the equivalent of a king sitting on a comfortable bed fed grapes and fruits by his servants. There is nothing quite like passive income for making you feel excited about the next day. When it comes to passive income, the granddaddy of them all is rent. Rental income is money that you…
Creative Financing in Real Estate 104: Private Money
The Creative Financing in Real Estate 101 series exists because real estate is expensive, very expensive. We need to leverage all of our smarts and connections to afford real estate with as little of our money as possible. We have covered personal loans (102) and home equity (103) in previous installments of the series. You…
How to Determine the Best Time to Buy a House
The housing market is currently sitting at an all-time high again. I seem to hear someone with sage guidance about the market every day. Josh, I will wait a couple of months until the real estate market cools off, then I will buy. However, that day may never come. What do we do? Trying to…
Financial Independence through Real Estate
Of all the ways to retire early, I believe real estate is the most attainable of them. I recently wrote an article called “How We Plan to Retire on Dividends,” which laid out our plans to use investments to supplement our retirement. Then, I wrote an article called “Retire Rich, Retire Comfortable with a Business,”…
Creative Financing in Real Estate 103: Home Equity
Real Estate is currently at the top of its game. It is a seller’s market where buyers are bidding the prices up against one another. There is a housing shortage across the board, and some say it may take a couple of years to catch up on inventory. What is a buyer to do? Well,…
