Real Estate

The Fascinating Reason We’re Traveling Over 500 Miles To Buy All Our Furniture

The Fascinating Reason We’re Traveling Over 500 Miles To Buy All Our Furniture

Yes, you read that right – we’re going to be traveling over 500 miles just to bring furniture back to our place… an apartment we don’t even have yet. After two years and eight months of living in Boquete, Panama, it was time to move back. We took a bus to Costa Rica, traveled to Ajijic Mexico where we spent 8 nights, and then enjoyed 3 nights at an all-inclusive resort in Cancun that surpassed our expectations. As of last …

The Fascinating Reason We’re Traveling Over 500 Miles To Buy All Our Furniture Read More »

The Rent vs Buy Dilemma… Does It Matter?

The Rent vs Buy Dilemma… Does It Matter?

One of the most debated topics in the personal finance space revolves around the question of rent vs buy. On one side of the fence, you have the folks marching to the beat of, “You’re throwing money away when you rent… when you buy, you have something to show for it down the line.” And on the other side of the fence are those that say, “Yeah, but renting can cost a lot less money with excess to be invested… …

The Rent vs Buy Dilemma… Does It Matter? Read More »

The 10 Most Popular Posts of 2021… That Aren’t Fritz’s

The 10 Most Popular Posts of 2021… That Aren’t Fritz’s

I was trying to decide what to write for this week’s post. Then I ran across my friend Fritz’s recent post, The 10 Most Popular Posts of 2021. That seemed like the perfect way to end the year… so I stole his idea! Ok, I didn’t really steal it. I reached out to Fritz to see if he’d be ok with me writing a post of my own like his… and he was just fine with the idea. See? We …

The 10 Most Popular Posts of 2021… That Aren’t Fritz’s Read More »

Doing Your Own Taxes and Planning… or Die Trying!

Doing Your Own Taxes and Planning… or Die Trying!

I’ve bounced back and forth over the years in preparing my own taxes or having a CPA handle the job. If you’re using TurboTax, H&R Block’s software, TaxSlayer, TaxAct, or some other software when doing your own taxes, you’re already familiar with how they’re relatively easy to use (except when they’re not). But if you’re trying to do financial planning along the way that might affect your taxes, running solo can be a struggle if you don’t know the ins …

Doing Your Own Taxes and Planning… or Die Trying! Read More »

Estate Planning 101 – Getting Your Affairs in Order

Estate Planning 101 – Getting Your Affairs in Order

I just finished reading a book called Estate Planning 101 by Vicki Cook and Amy Blacklock. If you haven’t gotten your affairs in order yet, this book can really help get you on track. You can check out the book here. Let’s be honest – estate planning isn’t the most exciting topic. That said, it might be one of the most important subject matters you ever focus on. I dug into this quite a bit in 2013, a few years …

Estate Planning 101 – Getting Your Affairs in Order Read More »

The FIRE Planner – A Solid Start in the Quest for FI

The FIRE Planner – A Solid Start in the Quest for FI

I just finished reading a really good book. It’s called The FIRE Planner and it might be a great asset for those ready to get on the path to financial independence or those who are already on it. The FIRE Planner was written by a friend of mine named Michael Quan. I met Michael at one of the FinCon money conferences a few years ago (I believe it was the 2017 expo in Dallas). It seems like FinCon events are …

The FIRE Planner – A Solid Start in the Quest for FI Read More »

We Have a Lot of Cash in Hand Now… Too Much!

We Have a Lot of Cash in Hand Now… Too Much!

Having cash in hand is a good thing. Whether it’s for an emergency fund or money you’re saving up for something short-term like a car, having money at your disposal is a good thing. But there’s a limit to that goodness and having too much cash in hand can absolutely be a problem. When you have money sitting in the bank, it’s earning a little bit of interest (a real little bit in this day and age!). However, that interest …

We Have a Lot of Cash in Hand Now… Too Much! Read More »

Owning Rental Properties Is Smart, but I’m Out, Jack!

Owning Rental Properties Is Smart, but I’m Out, Jack!

That’s right, folks – after owning rental properties since 2003, I’m now completely out of the game! In 2018, I sold the house I had bought as an investment property in 2003. And just a couple of weeks ago, we closed on selling the duplex we had purchased in 2015. Here’s the weird part – if you’ve been following my blog over the years, you know that I’m a strong advocate of owning real estate rentals. Each property can provide …

Owning Rental Properties Is Smart, but I’m Out, Jack! Read More »

Is It a Smart Idea to Pay Off the Rental Property?

Is It a Smart Idea to Pay Off the Rental Property?

I’ve been salivating over these insanely low mortgage rates out there right now. But I never even thought that another option might be to just pay off the rental property. Today I want to tell you about how I went from unsuccessfully trying to refinance to considering that maybe I just pay off the rental property. It even involves a discussion with the one and only Clark Howard! There’s always discussion in the real estate world about whether it makes …

Is It a Smart Idea to Pay Off the Rental Property? Read More »

Net Income on Our Duplex Last Year… Negative $7,400!!

I might not be the smartest businessman, but I keep thinking that a negative net income in regards to your rental property for the year is not good. And just over $7,400 in the red makes it so much worse! Ouch, what the hell happened?! This duplex was supposed to be another stream of income that would help level out the bumps from rockiness in the stock market over the coming years.  Last year though, proved to be a particularly …

Net Income on Our Duplex Last Year… Negative $7,400!! Read More »