Are you getting ready to buy a home? Your first (or even fifth) house purchase is a huge decision. It seems like there are a million things you need to know before buying a house. From figuring out how much you can afford to hiring the right home inspector, there is a lot to keep in mind. In order to help you with your home-buying checklist, I interviewed 21 … [Read more...] about 21 Surprising Tips You Need to Know Before Buying a House
Welcome to the Wealthy Nickel Side Hustle and Entrepreneur Interview series, where I share inspiring stories of people pursing financial freedom through entrepreneurship. Today I got the chance to interview my friend and fellow blogger, Jonathan Sanchez. He and his wife decided to invest in rental properties to build wealth for their family, and have a goal of acquiring 10 … [Read more...] about Real Estate Side Hustle: 10 Properties in 10 Years With Jonathan Sanchez
If you’re considering starting a new career as a real estate agent, you’re probably wondering, “How much do real estate agents make?” However, before you begin ordering business cards, you first need to consider a couple of factors. For instance, being a real estate agent is a commission-based job, which means there is potential to make serious money. On the other hand, … [Read more...] about How Much Do Real Estate Agents Make?
It's funny how sometimes life can give small clues as to how you should be handling your finances. For example, a few years ago, a minor snow skiing accident revealed my lack of diversity regarding investing. You're probably scratching your head, wondering what I'm talking about. Let me set the scene for you. After getting off a ski lift in Beaver Creek, Colorado, a … [Read more...] about Real Estate Stocks: What They Are and How To Invest In Them
If I was starting all over in my real estate investing journey, I would pay much more attention to the humble quadplex. While single family rental properties have served me well as a real estate investor, the quadplex has some unique benefits as a real estate investment that you can't find anywhere else. Whether you're looking for your first house hack, or are a seasoned … [Read more...] about Quadplex: Real Estate Investing’s Best Kept Secret?
Real estate investors love to brag about their cash flow or cash-on-cash returns, but for my money I think return on equity is the most important real estate metric you should measure for your rental properties. The big question that real estate return on equity (ROE) allows you to answer is "when is it time to sell?" Especially with the large increases in appreciation … [Read more...] about Return on Equity (ROE): Real Estate’s Secret Formula for Success
So you're interested in investing in real estate rental properties. Congratulations! But the learning curve to evaluating and purchasing your first house is STEEP. How do I find my first property? How do I figure out if it'll make money? How do I even know what a good deal look like? The one percent rule is here to help you do the easy math on rental … [Read more...] about The One Percent Rule of Real Estate: Easy Math to Evaluate Rental Properties
Is it better to live in rent to own homes, rent, or buy our homes outright? The answer, like many questions of this nature, depends on a lot of things. Everyone's personal circumstances are different and the decision should always be made on those circumstances. While eating a burger at a local burger joint, here's what a sheriff friend recently told me: "I think I need … [Read more...] about Are Rent To Own Homes a Good Idea in 2020?
Real estate investing has started to become popular as people have begun to focus on growing multiple streams of income. If done right, you could see significant returns on your money but, as with any type of investment, "never invest in anything you don't understand (or can't explain to a 5th grader.") Even Mark Twain knew that real estate investing was valuable as he … [Read more...] about 3 Tips To Get Started In Real Estate Investing
Want to learn how to turn $40,000 into $750,000 with just one rental property? That's the power of real estate, and the subject of the case study later on in the post. But real estate investing doesn't always mean dealing with tenants, toilets, and termites. It can be as easy as clicking a button to buy a stock, or you can put in more work to find dilapidated houses to … [Read more...] about 3 Ways to Make Money With Real Estate Investing (Turn $40K into $750K!)