Building long term wealth through rental properties.

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Property #1 – Rehab Update 3

Property #1 – Rehab Update 3

First things first:  Start here to learn about property #1, here for rehab update #1, and here for rehab update #2. Okay, jokes over. Where did the summer go? It’s August and we’ve spent the best of every available day working on the house. Well, […]

Understanding Cash Flow: Net vs. Free & Why It’s Important to Know the Difference

Understanding Cash Flow: Net vs. Free & Why It’s Important to Know the Difference

Growing up, my uncle always told me “cash is king”. And I agree with that which is why our real estate investing niche is buy and hold properties thats cash flow. The term “cash flow” is tossed around a lot when it comes to real […]

Property #1 – Rehab Update 2

Property #1 – Rehab Update 2

It’s been a little while since we posted an update but life has been BUSY. Over the last month or so, besides juggling this rehab and working our full time jobs, we also went on a week long vacation with The Troops family, I traveled […]

Property #1 – Rehab Update 1

Property #1 – Rehab Update 1

It’s been a few weeks since we closed on our first investment property. Rehab started a little slow. We closed the Friday before Memorial Day weekend, and being big fans of the Jersey shore, we both shot down to the beach within hours of leaving […]

Property #1: Pictures, Plans, Projections

Property #1: Pictures, Plans, Projections

Last week, May 26th, we finally closed on our first home and investment property! It’s been a wild past 30 days from trying to figure out how much to bid on a HUD home, dealing with the township and utility company, and then when we […]

A Break-in Before Closing. Who’s Responsible?

A Break-in Before Closing. Who’s Responsible?

Our soon-to-be house is a crime scene! Just kidding. But someone did break in. The story. With inspection over and all mortgage documents handed in, you’d think we’d be able to take a few days to relax before closing on our first property. But of […]

The Unexpected Costs of Closing on a HUD Home: How We Spent Almost $2,000 on a Property We Don’t Even Own

The Unexpected Costs of Closing on a HUD Home: How We Spent Almost $2,000 on a Property We Don’t Even Own

I knew closing on a home in foreclosure could be a bit of a process. I’ve read the articles, heard the tales. But the process started out so smoothly, I thought we were going to be able to slide by without any real road bumps.  […]

What to Bid on a HUD Home- The 89% Rule

What to Bid on a HUD Home- The 89% Rule

Multi-family properties have been popping up on the market in our target area in the last few weeks but they’ve been above our price point and it’s been incredibly frustrating. We just want to land our first deal already! The night before we were scheduled […]

Move Quickly and Get a Pre-purchase Estimate

Move Quickly and Get a Pre-purchase Estimate

Since our offer fell through on the duplex, we’ve looked at two more properties. One was a four-plex on a main road in our target area. We haven’t even considered a four-plex but it was a bank owned foreclosure and in our price range. This […]

Lessons Learned When the Deal Falls Through

Lessons Learned When the Deal Falls Through

The deal on the duplex fell through. Apparently, we weren’t the only offer that was accepted. Even though we rushed to sign the offer contract and hand over our good faith money, the seller kept us on the back burner just long enough to go […]