On your path to a destination of Financial Independence, a simple but powerful goal of free & clear rental properties (a.k.a. no debt) is a good idea. Your free & clear goal might be, for example, to own 10 houses that together rent for $12,000 per month ($1,200 per house) and net $7,000 per month [Continue Reading]
Guest Post on GoCurryCracker: How to Never Pay Taxes Again Using Rental Properties
Hey team Coach! This week’s post is a little different. I’m guest posting on GoCurryCracker today, an awesome FIRE blog all about travel and living life on your own terms. If you haven’t read GoCurryCracker before, the blog is written by Jeremy and Winnie, who retired in 2012 at the ages of 38 and 33 to travel [Continue Reading]
The Three-Legged Stool: How to Become Inflation and Depression Proof
Are you prepared for the next major economic changes? It might be deep deflation like the Great Depression of the 1930s. It could be high inflation like the 1970s and early 1980s. Or it may be unknown events that we have never seen before. I’m not being a doom and gloom predictor here. My skepticism [Continue Reading]
Landlording 101 (or How I Managed 90 Rental Units From Another Country)
My family and I moved to Cuenca, Ecuador for a mini-retirement trip almost 16 months ago. But our rental properties stayed behind in the United States to support us financially. Essentially we became ultra long distance landlords (2,611 miles to be exact!). So, the landlording (aka property management) processes and relationships we built over the [Continue Reading]
My Rental Retirement Strategy (or How to Not Run Out of Money)
This article was inspired by a series of posts by fellow early retirement bloggers about how to live off your wealth during retirement (thanks, PoF and Fritz for getting it started). They called this a retirement drawdown or withdrawal strategy, which, by the way, could be very different than your strategy to build wealth. I [Continue Reading]
How to Save For College With Real Estate Investing
If you are a parent or grandparent, the question of how to save for college for your kids (or grand kids) has probably crossed your mind. And in this article I will show how my plan is to save for college with real estate investing. We could have a long, fabulous discussion about how much we [Continue Reading]