After publishing the 12 Sites Every Financial Freedom Seeker Should Know About, Eric Bowlin reached out to me with a much deserved, "Wait, you forgot me!" type response. I appreciate him doing so as once I read the article he put together for me below, I felt as if I just left church where the message … Continue reading Real Estate: Business or Investment?
First off, what is Debt-to-Income? The Debt-to-Income ratio is one used by lending institutions when underwriting your loan (for almost anything - car loan, mortgage, HELOC, etc). DTI is a calculation they use to measure the risk on which you'll be able to pay back the loan you're seeking. The lower your DTI, the less … Continue reading Real Estate Investing Terms: DTI
Thankful and blessed. No other way to describe the most fun I've had to date putting a post together. Very exciting to converse with folks that I admire, have learned from and continue to be inspired by as we stay in pursuit of our financial freedom through real estate investing. A personal thank you to … Continue reading 12 Sites Every Financial Freedom Seeker Should Know About
noun [variant spelling momma]; a consultant, entrepreneur, real estate investor & unquenchable life long learner dedicated to supporting you in your financial journey. ...And her name is Tracy Ma. Other than being an accomplished engineer, wife and a mother of 2, Tracy hosts the blog at FinancialNirvanaMama.com. I had the pleasure of being interviewed by … Continue reading What is a Financial Nirvana Mama?
OK, ok, full disclosure, this one is really for me. When recently analyzing a real estate investment opportunity, I added an expense that is not considered an operating expense and it totally through off my evaluation of the #s and almost resulted in a very offensive offer. Sometimes offensive offers are required, but always take … Continue reading Real Estate Investing Terms: Net Operating Income
A friend of mine recently asked to see a blog post about our first few acquisitions. Starting to provide him with those links (on what I consider my wife and mine's first buy and hold deals and not my false start), I realized I never posted about our very first deal. How rude of me! … Continue reading We Will Never Sell This Rental Property…SOLD!
I recently found myself in an advisory roll for a couple individuals, Eric & Jolene. Complete strangers to me but Eric & Jolene reached out for some advice on purchasing their first duplex, happy to provide. To my knowledge these newbs at real estate investing don't know one another as one lives in North Carolina, … Continue reading Should I Buy This Duplex?
One of the more common questions I see or hear. "I don't have a lot of money and by that I mean, I have approx. $10k and I want to invest in Real Estate. Where do I begin?" Some people will tell you to wait until you have more money, $100k even. I'm not that … Continue reading I Have $10k to Invest in Real Estate. Where Do I Begin?
Go out there and get to work. Just go do it, stop asking people what you should do...You're not dead. If it doesn't work, adjust, change courses and do something else.
"Blue 42...Hot Route - RED 7 RED 7...settttt HUT!" In 2008 I fell in love with who is now my patient & caring wife and awesome mother to our children. She grew up (in-laws still reside) not far from Clemson, SC, so naturally she is a Tigers fan. Myself, I was blessed to be born … Continue reading How Collegiate Football Success Affects Real Estate Appreciation [case study]
I love this time of year. Time to reflect and time to focus on setting goals for the New Year. I took the above photo at my parents' over Christmas. Don't recall ever experiencing a sunset quite like this growing up there but then again I probably wasn't looking as a teenager. Wish the camera … Continue reading Time to Reflect, Time to Set 2018 Goals and Begin Pursuit
*Repost from December 2016; as we get into the holiday season, childhood family traditions become nostalgic and lead me back to this little story... "If you can move the house by the end of the month, you can just have the whole thing!" ____________________________________________________________ As the year is coming to an end, the sights, sounds, … Continue reading How to Find REI Opportunities: Just Ask
I hear this question a lot. The quick answer is No. Since the World Series (Congrats to the World Champion Houston Astros!) just wrapped up, I'll use some baseball analogies to help answer this question. Long has been the day since this 5'8, 120 lbs high school junior kept the pine warm for those starters … Continue reading Does Your Realtor Analyze Deals Before Bringing Them to You?
If you're keeping up with us, you know we've traditionally purchased SFR and small MFRs, but through some hard work, late nights and leveraging relationships, we were able to step into the Apartment Complex realm and the anticipated return on this turnaround project is better than any personal acquisition yet. Here's how we did it... … Continue reading Purchasing Our First Apartment Complex
Shortly after the letter was delivered via Certified USPS mail (signature on delivery), I received a phone call. Although short-lived, I was excited to learn the current occupant was willing to sign a lease. ____________________________________________________________ Back in November I wrote a blog titled My First Tax Deed Purchase and described the situation of an … Continue reading Results from Certified Letter to Unknown Occupant [Letter]