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!)
How do many wealthy people get that way? They invest in real estate. It is a proven way to build wealth. 90% of millionaires became so through owning real estate. So said famous industrialist (and billionaire) Andrew Carnegie. Yet only 15% of Americans invest in real estate, according to a 2017 study. As a real estate investor myself, I can attest to its wealth-building … [Read more...] about 7 Ways to Invest in Real Estate Without Buying Property
As you start to save and increase your income, one of the most important steps you can take is investing your money. Many people struggle to know what to invest in besides the stock market. Granted, the choices are vast and can be quite confusing. However, if you want to ensure a healthy financial future, ensure your family’s finances are secure and live comfortably in your … [Read more...] about 7 Unique Alternatives to Invest Outside the Stock Market
If you are in the market to sell your home, a good real estate agent is an invaluable asset. Agents help their clients navigate the market and find potential buyers, and in return for their time and expertise, they charge commission fees. But what exactly is covered in agent commission fees? And what can homeowners expect to receive in exchange for these costs? Read on to … [Read more...] about What Is Real Estate Commission?
My first house hacking was my first primary residence. Although I technically became a landlord, I didn’t consider myself a real estate investor. I sold that property at my first opportunity. However, if I only understood real estate investing strategies, I would have never let that property go! In 2011, my wife shared that she wanted to own a condo downtown and rent it … [Read more...] about House Hacking 2020: Make More Money With Less Down and Live For Free
The "American dream" typically features the single family detached home, with the allure of privacy, yard space, and a white picket fence. But there are many other options for home-ownership that are less talked about that may be a better fit for you and your family. Whether you're looking to buy a home for your family or an investment property, there are many different … [Read more...] about Townhouse vs Duplex vs Condo – 5 Major Differences You Need to Know
Want to keep track of your finances? I recommend Personal Capital. It's more than just an expense tracker. It will help you set up a budget and keep track of your retirement portfolio and other investments too. Sign up for Personal Capital now and get an instant $20 bonus when you link an account! Welcome to the Wealthy Nickel Extra Income Report! Each month, I share all … [Read more...] about Extra Income Report: How We Made $3,394 in September 2019