• Invest in Real Estate,  Long Term Rental,  Make More Money

    4 Ways To Get Started In Real Estate

    As you all know, we are a little obsessed with real estate. In our opinion, it is one of the ‘easiest’ ways to reach financial independence in the shortest amount of time. Since we are still fairly young, we obviously don’t want to spend what are potentially the best years of our lives working on or for something we aren’t 100% passionate about. We are using our able bodies and minds to save and invest in real estate now so we can use that as our means of living in the future while our minds and bodies can work on other enjoyable tasks. If you would have asked me 4…

  • cheap and easy renovations
    Invest in Real Estate,  Long Term Rental,  Make More Money,  Short Term Rental

    Cheap & Easy Home Renovations

    Appearance is everything when it comes to your home or rental property. Friends, family members, and tenants alike judge your place based on looks first and foremost and create their opinion of your place. This is why we take the time to do some cheap & easy home renovations to make them look newer, cleaner, and nicer. As a result, this increases our tenant pool, reduces vacancies, and gets us more rent in the long run. Also, we think it makes people prouder of the place they live, which is important to us as landlords. Take these cheap and easy tips from our 10+ renovations and apply them to your…

  • Invest in Real Estate,  Long Term Rental

    Thoughts From an Unexpected Landlord

    A little over this time 2 years ago, we bought our second property ever, leading to a whirlwind of investing, becoming landlords, and even home renovators. We bought our second property with the intention of moving and selling the loft where we were living in at the time (only we dragged our feet and moved out about 3 months later, and sold the loft a year later-but that’s beside the point). When we made this move, I don’t think I could have imagined how much our lives would have changed in two years, definitely for the better. We have accumulated 6 properties, 10 units total. Four of those properties have…

  • Do Everything Else,  Invest in Real Estate,  See More Places

    Goodbye 2018

    We think it’s no secret that we made 2018 our bitch. It was a hectic and eventful year for us, but we made some huge steps in the right direction. In this week’s post (coming a day later than usual due to the holiday schedule) we are going to go over some of the good and bad times we had in 2018 regarding our travels and our real estate. Travel We know what y’all are thinking: “You can’t travel. You’re trying to save money and travel is expensive.” Well, 1. Don’t be an asshole. And 2. You’re wrong. Travelling doesn’t have to be expensive at all, and while we are…

  • Invest in Real Estate,  Long Term Rental

    Buying Rental Number 10

    Well, we’ve taken a major step back in our mortgage payoff goal that we talked about in our article about our Monthly Mortgage Goals. Like a $98,595 step back. Like an alcoholic who just wants to sit in a bar, it was only a matter of time before we fell off the wagon. Well, maybe our scenario isn’t quite that bad. We weighed our options and decided to go ahead and capitalize on a good deal while we were still working, and had the cash on hand for a decent down payment. The diversification of the deal is definitely an added bonus. To be clear, as I’m sure you gathered from…

  • how to get good tenants
    Invest in Real Estate,  Long Term Rental

    How to Get Good Tenants

    One of the most common questions we get as landlords is: “How do you get good tenants?” And that is a very good question. One of the biggest concerns as a property owner is how will someone else treat my property. Hell, we live right next door to our tenants, so imagine picking your neighbor. The unfortunate thing is that you won’t truly know if they are a quality tenant until you already have them. But, you can definitely raise the likelihood that you get a quality tenant by qualifying them through these methods. Getting Good Tenants I’d like to preface the rest of the article with mentioning: to get…

  • Invest in Real Estate

    Monthly Mortgage Goals

    Haven’t you heard its taboo to talk about money, politics, and religion? Well, we are going to go taboo in this article, but don’t worry, only one of those three is our focus today: money. And more importantly, debt. We are going to put all our numbers out here, so you can see just how much debt we have, and you can follow along to see just how effective we will be at paying it off. Better to go to bed hungry than wake up in debt – Proverb A few articles ago, we posted about going From One to Nine Rental Units in a Year, and we mentioned that once…

  • buying rental properties
    Invest in Real Estate,  Long Term Rental

    From One to Nine Rental Units in a Year

    Intro Way back before I had ever heard of Mr. Money Mustache, ChooseFI, or the FIRE movement, I was interested in real-estate investing. I had zero knowledge, zero experience, and zero funds (literally to all three). All I had was a lifetime experience of growing up poor, a half read copy of the 4 Hour Work Week (which was only because I read the 4 Hour Body first and decided to check out Tim Ferris’s other offerings), and the results of a google search about different ways of passively making money. I didn’t feel that I had enough knowledge about any particular subject to write an e-book about, I had…

  • How we Live for Free
    Invest in Real Estate,  Long Term Rental

    The House Hack that Allows us to Live for Free

    Housing is by and large the most expensive expenditure in the typical American budget. The average person spends 30% of their income on housing alone (which is one of the criteria I have for screening tenants, the rent must be 30% or less of their income to qualify). I genuinely find this to be a baffling number. 30% of every dollar that comes into the average person’s account is earmarked for housing. Lets go through some numbers: If your family is making the average household income of $59k a year, and you’re spending the average of 30% of your income on housing, you’re blowing through $17,700 a year. Or, $1,475…

  • Invest in Real Estate

    The Real Estate Deal that Wasn't.

    This past week, I stumbled upon a real estate deal that could either be the deal of a lifetime, or just another property for sale. The problem was, I couldn’t assess how good of a deal it really was because it was an auction. But, it was located on the outskirts of civilization a town over, and in an area bordering the suburbia transition to rural Alabama. Being an auction on site, I was hopeful that there wouldn’t be much competition. There were 7 duplexes in a row, so 14 total units. This could be a game changer on our path to FI. The property itself was surprisingly in good…