Real Estate

Do You Own Cash-Flowing Assets?

Since I was a kid, I had it set in my mind that I was going to be rich.  And for years, I thought that the only way to become rich was to accumulate as much money as possible.  And while that is one way to get rich, it’s probably not the most efficient – especially because inflation loves to work against the money that you’ve saved.  It took me a long time, but I’ve learned that the accumulation of …

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73 Questions to Use When Interviewing Property Managers

Hey everyone – I’ve been wanting to find someone to do a guest post for a while now and recently I’ve been talking with Caleb Malik from Active Renter.  He’s put together an article that’s an excellent complement to my post Is a Property Manager Worth the Money? so I thought it would be a great opportunity to bring him in to share with you. So please enjoy!! — Jim   About the Author: Caleb Malik is a digital marketing coordinator for a property …

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Top 10 Financial Goals for 2016

Our 8 Financial Goals for 2016

This past year was an exciting one for us, albeit a little bit of a roller coaster ride.  However, we were able to pick up a new rental property, max out my 401(k) and contribute up to the match in my wife’s account.  We also added to our Roth IRAs and a little bit in my HSA, and continued to save a good deal in our online savings account. No time to rest on our laurels though – last year’s financial goals are in the …

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Rental Property Chase

The Rental Property Investment Chase [Part 2]

Well that was fast.  Really fast.  One of the things that Robert Kiyosaki talks a lot about in his books is that you should look at 100 properties, make offers on 10, and buy 1.  Well, I was intent on looking at a number of them (maybe not 100) until a great deal pretty much unfolded right in front of me. If you remember where we left off at in Part 1, I had a potential rental property that my financial …

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Rental Property Chase

The Rental Property Investment Chase [Part 1]

An enormous help to financial freedom is owning assets.  The key to assets is that they pay you even when you’re not working.  I’ve talked previously about my rental house and how it’s currently paying for the mortgage and a little extra.  The big payoff though will be once the mortgage is paid off and I’m done with my full-time job.  That will be a nice stream of income coming in every month. You can save a ton of money in …

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Should I Pay Off My House Early?

You’ve been doing well with your finances.  You don’t have any car loans or credit card debt.  You’ve been socking away money in your 401(k), Roth IRA, and other investments.  Now you’re looking for more avenues to help put yourself in a better position with your money. Eventually, you start asking yourself that one question… the one that can really stir up some good debate… Should I pay off my house early if I can? On one hand, you have that huge feel-good aspect …

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You Don’t Need to be Rich to be Financially Independent!!

When I was in my twenties, I had this vision that I would be very rich.  Rich, rich, rich!!  I thought I needed to have all the money in the world if I was ever going to be done working. I mean, how else can you retire if you aren’t rich and sipping champagne on a yacht near your own private island in the Caribbean somewhere??!! Now, although that vision coming to fruition would be great, it took me until the past …

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Use a Property Manager for Rentals?

Is a Property Manager Worth the Money?

So you’ve decided that real estate might be one of the routes you are going to take  to move closer to financial freedom?  Maybe you’re very handy and maybe you’re not, but inevitably a question that is likely to come up is that of hiring a property manager.  Now the question becomes… Is a property manager worth the money? I currently have one rental house that I’ve owned since 2003 and started renting out in 2009.  I bought it with the intent …

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Blogging for money

Why You Should Use Other People’s Money

The phrase “Other People’s Money” comes up regularly on different websites, especially on those that are trying to help you get financially free.  And there’s a good reason for that… You can get rich much quicker when you are using “Other People’s Money”! I first heard the phrase “other people’s money” from Robert Kiyosaki’s books.  As you’ll hear me mention quite often, Kiyosaki has been a great influence on me throughout the years. When you think about it, using other people’s money (OPM) …

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Are You Ready to Retire Early?

I’ve always been fascinated with money and have always been good with it.  I always did what I thought you’re supposed to do… save it.  Well, over the years, I’ve learned that that’s only a small piece of what you need to do if you want to retire early.  Sure you can save every penny and live like you’re in poverty for your whole life, but who wants to do that?! I’m not here to tell you that you have …

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