Owning rental properties is an excellent way to reach financial independence. It is generally passive income, but it won’t always start out that way. There’s a learning curve when it comes to becoming a new landlord. In our first 5 months of owning a rental property, we’ve had our fair share of learning experiences. Here is my advice to you in preparing to become a new landlord. 1. KNOW THE LAW One of the most important […]
My Top 4 Reasons to Invest in Real Estate
Jason and I have talked about starting to invest in real estate for a while now. We probably started talking about it during my sophomore year in college (over 5 years ago). However, this is something Jason has had in his mind for a long time. He always had this idea of a two-family home being his first home, but our plans became more definitive as we discussed it further. There are several reasons why […]
Closing Day
We are homeowners! This is a pretty awesome feeling. We finally closed on the house last Wednesday and it’s still setting in. Yes, it took longer than we wanted, but I’m ecstatic. Here’s how closing day went. The Walkthrough We did our final walkthrough at 9am the day of closing. We were initially planning to do it the day before, but the upstairs tenant was not available. Getting the first floor apartment cleaned out could […]
The Key to Buying Your First Investment Property
Closing day is approaching. There’s plenty of stress, but a whole lot of excitement. With our first investment property, this is just the beginning of our real estate investment journey. There’s already so much we have learned (and so much more we have to). It has been a roller coaster ride of emotions this year, but soon it’s going to pay off. Big time. Getting started in real estate investing can seem pretty intimidating. Before […]
Getting Started with Our Fixer-Upper
Are you an HGTV junkie? I know I am, I could watch it all day [and it is on in my house 90% of the time]. Property Brothers, Fixer Upper, House Hunters Renovation … I have a thing for renovation shows. I can skip on all the drama, I just want to see the renovation plan and finished design! While the BF hasn’t always been on board with my big renovation plans, I always wanted […]
Being in Limbo
Do you ever feel like you’re stuck? Like you can’t move forward? That’s how I feel now. We were supposed to close on our house a few weeks ago. Yet here we are, still house-less. We haven’t been able to set up a new closing date since we are waiting for the sellers to finish some elements of the contract. Now this is all good and well. I mean, I completely understand why we put […]