Browsed by
Category: Real Estate

My Laziness cost me $20K

My Laziness cost me $20K

I am kind of lazy. I don’t like making my bed. I don’t like hand-washing my dishes (and like why, I have a dishwasher, which I don’t like emptying). I don’t like cleaning (Roomba is my homeboy). I am even thinking of getting another Alexa because I am too lazy to keep walking into the living room to ask it questions (but I am also cheap, so do I reeeallllly need another Alexa? TBD). Sometimes, I will be sitting on…

Read More Read More

Advertisements
How I pick my Real Estate

How I pick my Real Estate

People often ask me what I look for in a real estate investment, and this is what I tell them. 1- First I make sure that Rent is around or greater than the mortgage. Check out my post with a downloadable template if you are curious. This creates a safety net in case in case property values drop, and I can’t sell right away. This also can give me good rental income, so this is always the first step. If the gap between the…

Read More Read More

How the Eff did I buy so many places??

How the Eff did I buy so many places??

My friends often wonder how the eff did I buy 4 places, especially since our salaries are about the same. This post is not to be “braggy.” And you may think that I fell into some lucky situations to be able to afford so many places, which I agree. I did get lucky. But if I didn’t get a bonus or relocation package, I still would probably have 3 places. Every time I buy a place I just reuse some…

Read More Read More

Intro to Investment Property- Part 2

Intro to Investment Property- Part 2

If you haven’t read Part 1 of the Intro to Investment Property posts, I suggest you do. Part 2 will be going in detail how to fill out the Rentals Cheat Sheet template by showing you my example. If you need to download the template, click here. You must be a subscriber! As seen below, I will be using Redfin, a popular website to look up real estate throughout the US. My example will be in Chicago, IL. For the link of the…

Read More Read More

Intro to Investment Property Part 1- Cheat Sheet Download

Intro to Investment Property Part 1- Cheat Sheet Download

The purpose of this post is to help you estimate cash flow from your potential rental property and determine if it is a worthwhile investment. As I mentioned in 6 Steps to Investment Property, there are a couple ways to look at investment property: Cash Flow versus Appreciation.  Ummm, what does that mean?? Cash flow is based on the leftover cash after paying the mortgage, insurance, HOA, utilities, property management, etc. (whatever is left that goes into your pocket. Holla.)…

Read More Read More

Real Estate Lingo

Real Estate Lingo

I’ve been around the block a few times when it comes to buying a home, so here are some of my explanations of real estate terms in a way that makes it easier to understand. Any real estate agents out there, feel free to add on to any of the explanations in the comments section. Down Payment- the amount of money that you are putting towards your house when you are buying it. If your house is $300K, and you…

Read More Read More

Why do I love Real Estate

Why do I love Real Estate

Easy. Because its not that hard and my places appreciated a crap ton. Haha. I didn’t take classes or get any formal education on this. I just figured it out as I went. Like I’ve mentioned in my About Me post, I lived at my parent’s house until I had enough money to buy my first condo. After I bought it, I rented a room out because I didn’t want to live alone, and because I wanted the money to…

Read More Read More