Tag: rental income
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…
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…
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…
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…
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…
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…
Living Passively Overseas 105: Rental Income
We’ve come a long way in our quest to live overseas on passive income, but today we will face our greatest challenge yet—passive income from rental properties. The main concern with rental properties is who is going to oversee them while you are overseas? Before we get into our concerns, I want to welcome you…
The Magic of House Hacking
So you want to be a millionaire? Most of us will never accomplish this status, not because it is difficult to achieve, but because we don’t want to sacrifice. Yes, most self-made millionaires had to sacrifice something to achieve wealth. Many wealth generators can make us millionaires. I use the military as my wealth generator,…
Mortgage Positive: Make Cash Flow from Your Primary Residence
Six months ago, I wrote one of my favorite articles of all time, “Mortgage Zero: The Art of Paying No Out-of-Pocket Living Costs.” This article is still my most linked piece ever because it is such a vital topic to me. Mortgage Zero proposes that you use your home as an income generator. Whenever I…
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…
Mailbox Money: The Power of Dividends, Royalties, and Rents
Getting your paycheck deposited into your bank account is a great feeling. Even better is the sensation when you don’t have to pay off debt. Receiving your wages feels so great because you earned your pay— it was your hard work that got you that check in the first place. But what does it feel…
Maximum Leverage: Buy Homes with No Money Down
I hate, hate, hate putting money down on homes. I am damaged good though. I put down $60,000 on our first home in Arizona back in 2008. Then I proceeded to lose all of it because of the real estate market that year. Never again. This belief is mine and mine alone. You can feel…
