My wife’s a teacher, which means our vacations are centered around her breaks. Summer, winter, or spring. This year we’re spending it in Japan visiting my relatives. If you ever have a choice of when to visit Japan, I highly recommend the spring time. Summers are very hot and humid, winters are cold, but Spring time is perfect. Not to mention it’s cherry blossom season! For the past week, we’ve been enjoying amazing Japanese food like tonkatsu (breaded pork cutlets), curry, sushi, ramen, yakitori, and more! Just thinking about all this food … continue reading.
This month’s review will be pretty short. To sum it up, all rents were paid on time and there were no maintenance calls. Total time spent on my rentals during March was about 30 minutes. Gotta love months like this. RP#1 Another boring month, which I love. No messages from my PM about something breaking. No calls about a missed payment. Just silence and passive income at $475 this month. RP#2 Just like RP#1, March was a nice quiet month. Full rents, no maintenance, and maximum cash flow at $421. As I … continue reading.
When you’ve committed yourself to something, it can be so tempting to just jump right in before you know everything there is to know. The advice one often hears is to just get started, learn as you go, and if you fail, fail quickly so that you can pick right up again. Problem is that with real estate, you may not have the luxury to fail quickly if you signed a contract to buy a house. You might be stuck with a property that ends up under-rented, vacant, or unsaleable if you … continue reading.
So here’s my very first cash flow report I’ll be sharing with you all. These are actual numbers of what my rental properties have generated for the month of February. Note that when I run a cash flow analysis, I will average in the cost of maintenance and vacancies. Though for the purpose of these income reports, I’ll report only expenses as they occur. So if there were no maintenance issues for a given month, I’ll report zero. What’s not shown is that a portion of the cash flow every month is actually going towards … continue reading.
My wife and I rent this cozy 2 bedroom apartment less than 3 miles from the beach in Los Angeles. It’s got a little yard and a garage with storage in the back as well. Yes, we rent. And for 3 good reasons. We said no to the 405 For anyone wondering what the heck is the 405 (pronounced “four oh five”), consider yourself lucky. The 405 is an evil stretch of interstate roadway on that. Though in reality, it’s an evil stretch of soul sucking traffic hell that sucks the life out … continue reading.
“Live where you want to live, but invest where the numbers make sense.” I wholly agree with Robert Helms at The Real Estate Guys Radio Show who often says, “live where you want to live, but invest where the numbers make sense.” So technically, you don’t have to invest out of state, but you do need to find a market where you can achieve your real estate goals. Whether your goals are for cash flow, appreciation, or something else. I invest for cash flow. While I like appreciation, my criteria for … continue reading.