The 2x “1031-O-Rama”: 9 Properties in 5 months
Saturday, May 07
Today ends a 9 property, 5 month, buying spree that started back in October 2015 with the sale of my subject Seattle portfolio. I did not know what to call these shenanigans and simply calling it a 1031 did not do it justice. Therefore I will name this feat a “1031-O-Rama” which is inspired by th...
Tales of a Non-Real Estate Networking Event
Sunday, May 01
I went to a general meetup of professionals. I don't really know what I was looking for since I was not really looking to sell anything but I was curious because it seemed like a nice downtown venue and with over 100 participants. Unfortunately, the crowd was a bit tough to break into (I'm not th...
My First Remote Out of State Turnkey - 18 Month Report Card
Sunday, April 24
This Birmingham, Alabama property was put into service in September of 2014 and was the successful beta test to prove the concept of remote out-of-state investing. I acquired the property from a marketer that makes connections with the rehabbers in certain markets and finds buyers such as myself ...
Tales of a Non-Real Estate Networking Event
Friday, April 22
I went to a general meetup of professionals. I don't really know what I was looking for since I was not really looking to sell anything but I was curious because it seemed like a nice downtown venue and with over 100 participants. Unfortunately, the crowd was a bit tough to break into (I'm not th...
Why the View is Best at the Top
Sunday, April 03
Warning - Paradigm shift ahead! In the old Caste System people were split up in ranks to keep lower class people from rising up and keep those in power where they are whereas today, money/mindset is the real separator of the masses. When I first got started in Real Estate investing I was lucky to...
Cap Ex Assumptions and Rule of Thumb & Chart of Life
Friday, April 01
Capital Expenses (Cap Ex) are the large items that are not repairs or maintenance. For example roof, water heater, HVAC, flooring, paint, cabinets, landscaping, windows, etc. Here are three ways to calculate it:1) Just use 1 months rent (this was what my unsophisticated 1st Property Manager said)...