Eventually, it'll happen. Your home or the home of someone you know will get broken into. This post will cover my tale of a recent break in and offer advice on how to prevent a burglary at your home or rental … [Read more...] about How to Prevent a Burglary at Your Home
Real Estate Investing & Landlord Skills
Learn how to build wealth with planful and smart real estate investing! Learn how to be an effective and prosperous landlord. Learn how to find and set up rental properties. Then, optimize your rental business by improving your handyman skills and tenant screening tactics.
Real estate rentals can be hard work in the beginning, but with the right choices up-front, they become passive investments that save you time and reap significant wealth.
When considering the idea of mortgage paydown, first things first. Any super high-interest debts (like credit card balances) should be paid off first. For all other debts, I'm a fan of using the cash flow index method to … [Read more...] about How to Have a Paid off House in 5 Years or Less
No matter how long ago you started your career, it's never too early — or late — to start thinking about retirement. Along with the traditional savings method your bank or workplace will provide, you should also consider … [Read more...] about Can Real Estate Help You Retire Sooner?
Ever wondered how it's possible to be a small-time landlord, in addition to holding a day job? What is it like to personally manage a handful of real estate rentals and get your fingernails dirty? It's easier than you … [Read more...] about DIY Property Management: Save Money & Learn New Skills
It may not be Wednesday, but I find waffles a worthy breakfast treat ANY day of the week. Today's post is brought to us by blogging friends from way out west: Waffles on Wednesday! Fetch yourself some of Canada's finest … [Read more...] about The Price to Rent Ratio Says “Never Buy a House!”
Going it alone. It's a familiar thing. We think we know what we're doing until a light bulb goes off. Sadly and so often, that bulb doesn't illuminate until we've failed at X, Y, or Z. That's why you need to build your … [Read more...] about Why You Need a Strong Team of Financial Advisors
Why do I prefer single family homes as rentals in our real estate portfolio? There's a bunch of reasons, but overall, they quite simply WORK. Single family homes generally aren't typically what most think of with … [Read more...] about Why I Prefer Single Family Homes as Rentals
When I started out renting single-family homes, a little over five years ago, I had no idea how it would go. All I had was a spreadsheet that seemed to show a promising return on investment, and a good friend and … [Read more...] about Is Being a Landlord Worth It?
After writing all of these lovely posts about early retirement, you'd think by now I'd have shared my affection for our accountant. The Wizard of my Oz. The Swami of my Savings Plan. The Shining Light in a cold, dark … [Read more...] about The Benefits of Having an Accountant You Can Trust
Homeownership can be a cascade of comical events. If you're not familiar with the term "money pit" or the movie that made it famous, you should give it a screening. (Just be sure to ignore those rotten tomatoes.) Our … [Read more...] about The Hidden Costs of Home Ownership