Article updated on July 26, 2019 This is part 3 in my series about practical strategies to own free & clear (no debt) rental properties in order to achieve financial independence. This article will cover a short-term buy and hold plan called Buy-3-Sell-2-Keep-1. Although there are many more variations, so far I’ve provided three general [Continue Reading]
Real Estate Investing Without Debt – The All-Cash Plan
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]
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]
How to Calculate Rental Property Cash Flow – A Comprehensive Guide
Investors don’t decide to buy properties; they decide to buy the income streams of the properties.” – Frank Gallinelli Some rental buildings are beautiful. I particularly admire well-constructed, brick structures with hardwood floors and large, dry crawl spaces. But the building only matters indirectly for rental property investors. The beauty of the building is relevant if it attracts [Continue Reading]
How to Buy Good Investments, Not Trophy Houses
Jack Miller was one of my favorite real estate teachers early in my career. He passed away in 2009, but I still reread a lot of his old books and newsletters, like the short books Success Secrets and Wealth Without Risk. They are classics. Jack always taught to buy good investments, not trophy houses. This is a tough task [Continue Reading]
Friday Fab Five – Retire at 35 in an RV, 10 Beginner Real Estate Mistakes, Paperless Office, & More
The Friday Fab Five is a series where I share five articles, books, or resources that I’m currently using and enjoying. There are many wonderful resources about real estate, personal finance, entrepreneurship, and life out there, so I’ve narrowed them to some of my favorites that I think you´ll enjoy. Here are this week’s Friday Fab [Continue Reading]