Building long term wealth through rental properties.
House hacking is a great way to get started in real estate investing. You get all of the benefits of owning a home (tax write-offs, low mortgage interest rates) as well as the advantages of having a rental property (rental income, more tax write-offs). Unlike …
It’s been 5 or 6 weeks since we’ve posted a renovation update on our first investment property. Every week I start to write one, but I don’t think we’ve made enough progress to release a full update. And that’s because a lot of the work …
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 thought we were in the home stretch, finding out the place had gotten broken into. But it was all worth it and we’re excited about the next steps.
The Troop and I have a goal. We want to build a long-term buy and hold real estate portfolio that will eventually fund our early retirement. And this first property is finally kicking us off. I’ve been researching and reading and trying to learn as much as possible about real estate before closing on a deal. I’ve let analysis paralysis take over. And then one day, I had enough. I was all talk and no walk. So I committed to closing on a property in 2017.
And we finally did it!
