Rental Real Estate
Say Goodbye to Third Party Property Managers!
Full Disclosure… as I’m writing this on Thanksgiving we just got a call from a tenant. She told us that her toilet was spilling out into the bedroom with all kinds of nastiness. Joy. This call is stressful for us as the …
House #8 – 23307 Pinery Riverbed – A Rental House with the Tenant Included!
May 2014 A few weeks after we added house #7 to the farm, we came across another fantastic deal in 23307 Pinery Riverbed. This property was a four-bedroom, two-bath house close to our foundation project house. It was an …
House #7 – 22718 Carved Bearlike Burro – We’ve Got a Live One!
December 2013 For house #7 on our asset list, it came from yellow letters once again. We got a call, and my partner, D, negotiated an excellent price for this three-bedroom, two-bath house. They were moving out very soon…
How to Buy a Rental House – Wash, Rinse Repeat
My hand was shaking when I signed the loan documents. We had such a good plan, but I was still terrified. We laugh now thinking about this dumpy little 2 bedroom house with a flat roof and window AC units. We paid $45,00…
Financing and Money Source Evolution (How to Buy More Deals at Once)
“Borrow a million dollars, and then find a way to pay it back…” Too Much of a Good Thing Sometimes you get so many good things coming your way that it becomes a problem. Do you remember the times as a kid when your paren…
House #6 – 4536 Avid Beet Kruger – A Painful Lesson with rental property
November 2013 Buying Rental Houses My partner and I were now getting good at buying houses, especially from these yellow letter lists from which we had been sending letters. Our problem now was having enough capital to c…
FIRE Real Estate Triangle – Deal Finding, Financing, Management
Do you remember the fire triangle as a kid? It was the triangle that represented the three necessary parts of a fire. Heat Source Fuel Oxygen Without any single side of this triangle, you can’t have a fire. Take away the…
House #5 – 23123 Erwin Pillow Whigs – When Disaster Strikes…
September 2013 Now we were really cookin’! We had officially lifted a house 12 whole inches and rehabbed most of the inside very inexpensively. We then creatively financed the house and pulled all of our money out of it.…
Rental House #4 – 2434 Erased Diva – How To Get a Free Rental Property!
September 2013 We have now purchased three houses, and we have them rented with tenants who pay on time, and they haven’t burned down. We consider that a massive success. Now we think we are ready to take over the world…
House #3 – 24139 Avidly Wandering – Adding Another Door to the Portfolio
August 2013 Now, we were rocking and rolling with two houses, we had renters, and we had done a pretty significant rehab on the second one. We were now hungry for a third property to continue to build our cash flow snowb…