Budgeting: Why, Why Not, How and Pitfalls
Wednesday, October 20
How much can you afford to stash away each month towards a goal, whether it be paying off student debt or saving for a down-payment on your first house or rental property? If you don’t know the answer to this question you aren’t alone. How would someone easily determine the answer to the question...
A Phone Call with Fidelity…
Monday, September 27
At the end of 2014 I was reviewing my Fidelity statements and noticed something odd…no summary of fees. I called and asked the gentleman at Fidelity if I could have a sheet summarizing all the fees I paid in 2014. He seemed confused by my request and asked exactly what I was looking for. I repeat...
Is the Stock Market Fair?
Wednesday, August 25
I bought my first stock when I was in 6th grade, at 12 years old. I had saved $1,000 in my bank account and purchased 50 shares of American Electric Power (AEP) at $20/share. After a few years AEP’s stock had jumped to $50/share so I sold all my stock, making a nice 150% profit. I wish I could t...
Basics of the Stock Market for the Beginner (And the Expert)
Tuesday, July 20
Before we start, if you’re skeptical about investing in the stock market because you don’t really understand what it is, read my previous post on the Stock Market. Now that you know what the stock market is, let’s learn how to take full advantage of the market returns. After reading this post you...
Book Recommendations - May 2020
Friday, May 22
If you’re looking for a few book recommendations (from someone with nothing to sell), then you may find this post useful. Below are a few books broken out into three categories: real estate, finance and life in general. These books have been the most beneficial to me along my journey and I think ...
Quickly (and Accurately) Estimating ARV
Tuesday, March 24
A fellow BP’er reached out asking how to determine ARV when making an offer. Since estimating ARV is an art more than a science, I figured I’d share the approach I’ve developed over the years. I’ve been pulling comps since I started building my rental portfolio using the BRRRR strategy in 2015 (r...