Financing
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…
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…
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…
Rental House #32 – Our First House that Floods
June 2016 Hey Stealthies, we hope you had a great 4th of July. I know we did. We spent it with friends and family eating good food and blowing stuff up. It’s time to get back at it, and part of that means documenting …
30 Year, 20 Year or 15 Year Loan on Rental Properties – Which is Best?
Often we get asked by our friends and loyal followers, “What kind of mortgage should I get on my property? Should I get a 30-year or a 15-year loan?” The prevailing thought is that although the monthly payment is less on…