Our journey from zero to 50 rental houses — and what we learned.
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Rental House #41 – The Third in a 5 Property Package Deal
01-2017 Read about House #40 to catch up on our story. Here’s the story on house #41. Again, we had bought 5 from the same owner, so here we are trying to document what just happened and how we were processing acquiring …
Rental House #40 – The Second in a 5 Property Package Deal
01-2017 Read about House #39 to catch up on our story. Now we will outline what happened with the second house in that group of five properties we bought from that distressed out-of-state landlord. Dave and I still cou…
How Did The Stealthy Rich Fare During Snowvid 2021 in Houston, Texas
Y’all, it’s been quiet the last few weeks here, for which we apologize. It was going so smooth to start 2021, we had no vacancy, which is the sweetest thing ever, and we weren’t buying anything because the market is nuts…
Rental House #39 – The First in a Large Package Deal
01-2017 Read about House #38 to catch up on our story. This is where it starts to get crazy in our story. We’ve now bought four houses in the last few months, including house #37. The transaction was so smooth that the o…
Rental House #38 – The “Water” Rental
12-2016 Read about House #37 to catch up on our story. I know it’s been a while since we last posted. We had a crazy Q4 2020 as we purchased over 200 doors in two apartment complexes… We will document that eventually, bu…
Rental House #37 – Yellow Letters Open Up a Huge Opportunity
12-2016 Read about House #36 to catch up on our story. We found House #37 through a yellow letter. This is how we find the majority of our properties as it’s the best way, in our opinion, to buy them at a discount and se…
Rental House #36 – Buying a Property From a Wholesaler
8-2016 Read about House #35 to catch up on our story. We found House #36 through a wholesaler. A wholesaler is somebody who gets properties under contract for a living but then “assigns” the contract to somebody else for…
Rental House #35 – Finally Another Deal Off the MLS
8-2016 Read about House #34 to catch up on our story. House #35 comes to us courtesy of the MLS. We regularly check our local MLS on har.com to see the cheapest houses in our “farm” area. Most of the time, there are no d…
Capital Improvements vs. Repairs – What’s the Difference?
We are going to dive into capital improvements vs. expenses today. What are they? What are the tax implications? Should you care about the difference? Expense Categories for your Rental Property If you own rental propert…
Rental House #34 A House Found Through Direct Mail that Continues to Perform
7-2016 We had just finished House #33 when this property fell into our lap. Again the house came through yellow letters. We will keep beating that drum until it breaks. The reason we keep telling this story over and over…