The Rental House Progress – Two Months In!!

rental house progress

Have we really owned this house for two months already?? Sheesh… It feels like 2 weeks. There is still so much to do, I bet we’ll still be at this 3 months from now. BUT, it will all be worth it once we sit back and collect our $1,300 rent check each month! 🙂

For those of you that are just recently joining us, you can quickly catch up on our rental house progress with these posts:

How We Just Scored a $100,000 House for $75,000 Our New Rental House Project – Video Walk Through! Our Rental House Progress – 3 Weeks In The Rental House Progress – Two Months In

This is definitely a bigger project than we initially thought it would be (in our minds, we were going to tear down the paneling and patch the plaster – a 1-2 week job….and now all we see are 2×4’s…), . . . → Read More: The Rental House Progress – Two Months In!!

7 Reasons I Bought a Crappy House Instead of My Dream Car

reasons I bought a crappy house

Remember that $75,000 car I was absolutely obsessed with a couple months ago? It was a black and white Ferrari 360 – one of the most beautiful cars I have ever seen. Man it would be awesome to drive that thing to work every day! Plus, we actually had the money in the bank to do it, so we went to the dealership and bought it, right? I mean look at this thing!

Wrong….

Instead, Liz and I bought a 100 year old, 3 bedroom 1 bath, fixer-upper house with the exact same price tag… $75,000…

7 Reasons I Bought a Crappy House Instead of My Dream Car

So what are the reasons I bought a crappy house instead of an amazing $75,000 car that goes 0-60 mph in 3.8 seconds? Well first of all, the car would probably kill us (I have no business driving something that . . . → Read More: 7 Reasons I Bought a Crappy House Instead of My Dream Car

How Much House Can I Afford??

how much house can I afford

Are you in the market for buying a house? Or maybe you’re looking to move and you’re wondering, “Now really, how much house can I afford?“. The answer isn’t always easy because it’s a little different for everyone. But with the tips below, you’ll be able to get a quick idea of:

If you should even be buying a house in the first place How much house you can actually afford How Much House Can I Afford??

Alright, I’m going to make this really easy because honestly, this isn’t nearly as complicated as everyone makes it out to be.

You Shouldn’t Buy a House If…

I know you’re asking “How much house can I afford?”, but sometimes people ask this when in reality they should be asking, “Should I even buy a house?” I find that more often than not, the answer to this question is, “No”.

Do NOT buy . . . → Read More: How Much House Can I Afford??

Top Reasons to Pay Off a Mortgage Early – by the Mortgage Mutilator

top reasons to pay off a mortgage early

I met Alex about a year ago when he reached out to me for the first time. He had recently started a website (like I always encourage ALL of you to do) and wanted to reach out to, and help, as many people as possible. I agreed to let him write an article for me, and quite honestly, it was fantastic. Since then, he’s reached out again. And this time he had even more material – the top reasons to pay off a mortgage early! Check out Alex’s awesome post below and the special offer at the end. Enjoy!

Top Reasons to Pay Off a Mortgage Early

When we paid off our $400,000+ loan in only 6.5 years we saved a boat load of money. Money that we’re now getting to keep for ourselves instead of paying it to the bank as interest.

A handy rule of thumb is . . . → Read More: Top Reasons to Pay Off a Mortgage Early – by the Mortgage Mutilator

Our Project House Progress – 3 Weeks In!!

Oh my word, has it really only been three weeks since the house closing? Liz and I have absolutely been busting it over there – I’ve been working early mornings, she’s been working late nights, and we’ve both been putting in our fair share of hours on the weekends…

So what the heck have we been working on? What progress have we made so far?

Well, if you follow me on Facebook, you pretty much know EXACTLY what we’re doing and where we’re at with the progress. I’ve been uploading videos, pictures, and sending posts about what we’re working on each day. If you just said to yourself, “UGH! I’ve been missing out! I want to see what’s going on!!”, then you’d better start following us on Facebook! Simply like and follow my page here.

For the rest of you that prefer to follow via post updates like this…then here . . . → Read More: Our Project House Progress – 3 Weeks In!!

Flip Houses or Rent Them? Which is the Better Investment?

Have you ever thought about this? This debate gets almost as heated as the topic, “Should you pay your house off early?” (which, by the way, I definitely think you should!)! The question we want to focus on today is, “Should you flip houses or rent them?”

There are people that make $80,000+ a year flipping houses, and then there are those that earn $10,000 a year by renting them out. So which option is best? Well, before we dive into the answer, there are a few questions that need to be answered first.

Here’s what we’ll tackle in this post: With which option do you earn the most money? Which has the best tax benefits? What is the best long term investment? (look at time and money) Flip Houses or Rent Them? Which is the Better Investment?

Liz and I constantly find ourselves in this debate (even today). She . . . → Read More: Flip Houses or Rent Them? Which is the Better Investment?

Our New Rental House Project! Video Walk Through!

rental house project

Hi all!

In case you missed it, Liz and I purchased a new rental house project on Thursday!

It’s definitely going to take some work:

wood paneling, shag carpet, and dog, cat, and smoke smell!

Check out the video below where I walk you through the house to get a complete view of the “before” footage!

How We Just Scored a $100,000 House for Just $75,000

deal on real estate - house image

Are you looking for deals on real estate, but can’t seem to find them? Sure, the market’s hot right now, but that doesn’t mean that there’s no deals to be had – you’ve just got to dig wider, deeper, and probably get a bit creative with your digging style! If you’re constantly on the lookout for a deal on real estate, then you might want to incorporate this new strategy we discovered with our last rental purchase.

How We Found a Crazy Deal on Real Estate

We put our John Hancock on the documents just yesterday. We’re officially the new owners of a 3 bedroom, 1 bath house and we only paid $75,000 for it!

“How the heck did you land such an amazing deal?” you might ask.

I’m ready to teach you, my friend. Hopefully you can use this same method and buy a screaming deal of your own . . . → Read More: How We Just Scored a $100,000 House for Just $75,000

How to Flip a House: From the Search to Sold!!

flip a house

Have you ever thought about flipping houses for some extra income? The people on TV make it look pretty easy, but is it really a viable means to making some additional dollars? Personally, it was never in our plans, but my sister and brother-in-law have made it a speedy reality. Less than three years ago, they bought their first flip house, earned more than $35,000, and have gone crazy with four more flip houses since!

In this post, written by my sis from VHHomeFlips.com, they’ll teach you:

How to find cheap houses How to calculate the offer The best ways to renovate on a budget How to sell it for HUGE profits!

If you want to flip a house for some extra income, there’s nowhere better to find the information you need than right here. Enjoy!

How to Flip a House: From the Search to Sold!!

Why do we . . . → Read More: How to Flip a House: From the Search to Sold!!

We Just Missed a $40,000 Opportunity…and We’re NOT Letting It Happen Again

Find a deal on a house

The idea was planted in our heads over two years ago. Robert, the grandson and caretaker of the woman next door, asked us if we’d ever be interested in buying the house once his grandmother passed away.

“Of course!” I would always say. And we left it at that.

Well about three months ago, the grandmother passed on and it was my intention to speak with Robert again to affirm that I was interested in the house. But…

When he was home, I wasn’t… When he was doing yard-work outside, I was at work.

We just never seemed to connect naturally like I had hoped…

And then, he was suddenly out of the house and his mother (the actual beneficiary of the estate) was there cleaning up and moving stuff out! I decided enough was enough so I knocked on the door and introduced myself.

To make a long story . . . → Read More: We Just Missed a $40,000 Opportunity…and We’re NOT Letting It Happen Again