Rich Carey owns 20+ rental properties without any mortgage debt. These rentals give Rich and his family $10,000 of regular, monthly cash flow plus peace of mind. The podcast interview below shares Rich’s story, how he got started, how he saved the money, and how he bought and managed properties in Alabama while living around [Continue Reading]
Archives for April 2020
How to Buy Good Real Estate Investments, Not Trophy Houses
Early in my career, Jack Miller was one of my favorite real estate investing teachers. He passed away in 2009, but I still reread a lot of his old books and newsletters, like the book Success Secrets (here’s my book review). Jack taught a lot of classic lessons. But one that stuck with me, [Continue Reading]
Building Wealth One House at a Time, by John Schaub
Tens of thousands of ordinary people have made millions of dollars investing in the most humble of real estate investments, the single family house. I am one of them, and I have a unique perspective because I have helped thousands of others make their first million buying houses. Rather than put their trust in a [Continue Reading]
The Danger of Wishful Thinking During Challenging Times (aka the Stockdale Paradox)
In 1965 during the Vietnam War, pilot James Stockdale’s plane was shot down. After a brief 30-second descent by parachute, he was captured and held in a brutal prisoner of war camp for 7.5 years. During his imprisonment, Stockdale’s captors repeatedly tortured him. And in 4 of those 7.5 years, they kept him in solitary [Continue Reading]