Sabrina has spent the last 20 years on the real estate investing sidelines and today we cover an array of topics while she has the opportunity to ask her 5 most pressing questions as a newbie real estate investor.
So, simple definitions before we dive into this blog post. 1031 Exchange: is essentially a code in the IRS rules that allow you to postpone paying taxes on any gains (in our case, from a real estate transaction) if you reinvest those gains into a similar or qualifying like-minded property. There are other rules, like … Continue reading How We 1031 Exchanged Into A Swimming Pool for Our Personal Residence
I posted this video on our social media channels a while back but I want to share more of the back story and I how relate it to real estate investing. Here we go... We (my wife, son and daughter) are at the local community carnival fund raiser earlier this year. We made our rounds, … Continue reading Why I Took Advice From a Carny Worker
What's up gang! I want to introduce you to one of my real estate investing partners, Chief Petty Officer US Navy, Tim Kelly. Tim is in the process of writing his book titled Get Your Financial Foundation Established Why Don't Ya, and is passionate about educating others on the subject of personal finance. Lately Tim has … Continue reading Get Your Financial Foundation Established Why Don’t Ya!
As a follow-up to the overwhelming response received from the 12 Sites Every Financial Freedom Seeker Should Know About, I want to provide you a list of guys that are focused on real estate investing and have a heavy, plus consistent presence on Instagram. These guys continue to be an inspiration and I appreciate them sharing a bit of … Continue reading 25 Financial Freedom Instagramers You Need to Follow
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
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?
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?
"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
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?
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]