We bought the Cottage house just a few days after Magnolia Fourplex. This was investment no.2 in Macon, Georgia. This property caught our attention because it was built in 2008 which is rare in Macon. The listing price was $59,000. When we initially inquired about it, it was rented for $850. If we are going […]
Real Estate Investment Strategies: The BRRRR Method
BRRRR (BUY, REHAB, RENT, REFINANCE, AND REPEAT) This is Blog Post 6 of The Getting Started in Real Estate Series. Today’s topic is the BRRRR strategy. BRRRR is one of the favorite real estate investing strategies among the real estate investing community and you will see why below. So, what is BRRRR? The basics: You […]
Best Real Estate Analysis Hack – The DealCheck App
In my blog post, How to Analyze Rental Property Investments, I promised a demo of my favorite real estate analysis app, Deal Check. So, here it is! In my demo, I assume that you already read the other blog posts in the Getting Started in Real Estate Series. If the 1% rule or cash-on-cash return […]
Retire with Real Estate: Investment Strategies
INVESTMENT STRATEGIES | Flipping | Live-In Flip | House Hacking | Turnkey Rentals | BRRRR | Welcome to the fourth blog post of the Real Estate Investment Series! In this post, we will discuss five of my favorite real estate investment strategies. There are many options when it comes to real estate investing, so how […]
How to Analyze Rental Property Investments
In evaluating rental properties, it is important to account for unknowns and other operating costs. A lot of new investors optimistically evaluate properties and do not consider all potential costs. Once they realize what it costs to own and maintain the property, they may end up realizing that the numbers don’t work. Two important questions: […]
Here is the Deal- Magnolia Property Purchase Breakdown
Magnolia was property No. 5 and it is by far my favorite property. Depending on who you ask, this may or may not be a good investment. We ran into a few hiccups and made some stupid mistakes on this purchase. However, it still checks all the boxes. It fits perfectly within our investment criteria. […]
Our Real Estate Buying Criteria and Why it is Important to Set Your Own
In my post, “How to Prepare to Buy Your First Rental Investment Property”, I mentioned that FOCUS is key when it comes to investing in real estate. There are so many property options and paths you can choose from. This is the reason why many people, like myself, get stuck in analysis paralysis and delay […]
How to Prepare to Buy Your First Rental Investment Property
Buying rental property is my favorite way of building wealth. Stocks are great, but real estate investing adds a little spice to the wealth-building journey. Rental property investing is not as passive as investing in stocks, but if you hire a property manager, you won’t have to deal with broken toilets or angry tenants. Your […]
3 Books To Get You Started on Your Journey To Financial Freedom
If you want to get started on your financial freedom journey and retire early, you must read the following books. Rich Dad Poor Dad by Robert Kiyosaki. You may have already read this book, but if you have not, I highly recommend you do. This is my all-time favorite book. I was 20 years old […]
What To Do With Your Extra Money Each Month
So you are making more money than you spend. You have extra cash available each month, what then? When it comes to extra cash, I know three types of people: A) The ones who can’t have cash and will spend it all. The moment they have extra cash, they go on a shopping spree. B) […]