Posts in Real Estate Investing
My Biggest Mistake in Real Estate

If you have been following along lately, I am continuing to tell stories of my most fantastic Real Estate fails in celebration of Ken Corisini’s newly released book (Check out Chapter 17, it’s me!): “Profit Like The Pros”.

As I mentioned in my last post, while this book is all about our most profitable deals and biggest wins, I think there is a lot to learn from our failures as a community. I love to share mine widely, not only to keep my ego in check, but also to be transparent as a fellow investor and mentor in the field.

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My latest Flop in Real Estate Investing

Hi Friends!

I wanted to write this post in honor of the upcoming release of “Profit Like The Pros”, a collection of stories from the Best Deal Ever Bigger Pockets Podcast with Ken Corsini, from Flip or Flop Atlanta. If you are not following me on Instagram, then you may have missed that they surprised me by putting my face on the cover! Ah-mazing!

I’ve started reading it and I have to say, I feel so inspired by the first few case studies, I highly recommend it if you are looking for your next inspiring Real Estate book.

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And now, for something different in Real Estate!

For as long as I’ve been in Real Estate, I've resisted becoming a Real Estate Agent.

My reasoning was:

  1. I bought out of state (well... except 2014, 2019, 2020 -- this year I could have gotten a 13K reimbursement if I had been licensed.)

  2. I didn't like the hours (oh, but Airbnb property management is just as on call, possibly worse)

  3. So many people do Real Estate in a cheesy way and I didn't want to feel like one of the herd (ok that one is valid).

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2019 Homes Performance - Earnings & Expenses

Why do I share these?

I share in an effort to show transparency on Real Estate & Airbnb Investments. I often see investors brag about all that can be made, which is substantial even in less desired locations like some of my homes are in, and yet they leave out the high expenses required to run such a business.

What I appreciate is that these 6 properties (3 with partial ownership), allow me to be Financially Independent, which I define as earning more from my assets than I spend to live. Of course, this is partially because I live frugally. In 2019, I personally earned $40,956 in profits from the homes, up $4,000 from the previous year.

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Q&A with the Authors of the FI book: The Cash Machine

In his email he said, “To the best of my knowledge, it's the first book of its kind, a novel that gives its readers a solid grounding in financial literacy. The Cash Machine teaches hundreds of financial lessons, all taught through a love story.” How could I say no to that? I’m a finance geek and a hopeless romantic, bring it on!

I loved it so much that I wanted to share it all with you. I decided to ask David and Chana if they could share a bit more about the creation of this novel with us today.

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5 Apps to Help You Save Up for Your Next Airbnb Investment

Hi Everyone,

My apologies that it has been awhile. My aim is to publish every two weeks but, unfortunately my Niece passed away in early Feb and I have been giving myself more space away from work to grieve. It has been challenging and my energy levels have been unpredictable. I have a lot of love and support in my community which has helped, I just thought I should let you know where I am at.

Thank you for understanding. In the meantime I have had some help from a friend to bring these resources below to you. I am hopeful that I will be on my normal schedule soon enough.

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How Did My Homes Perform? Annual Review!

Hello friends,

As we are nearing the end of the year, the reality of the impending need to get all my numbers crunched is starting to set in. Yay spreadsheets!

In March or April when I finally had all of last years numbers together, I had the idea to share them with you but then somehow it got pushed aside for one more interesting idea or another. Good news! I have them here for you today.

My aim in sharing the real life numbers with you is to a show a true snapshot of what you can expect from owning Airbnb rentals. At the end of the day, I am eternally grateful for the $36,840 of profit I was able to generate off of just 6 homes. Yet, when I step back and look at the numbers, considering all the hard work and time put in, it looks low to me and not an impressive, slam dunk of what some expect bnbs to be.

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Why I never use LLCs for my properties

Readers frequently write in and ask me whether or not I recommend putting their properties into an LLC. While this is a very personal choice, I will tell you why I do not go this route. Of course, keep in mind while reading that I am not a lawyer or a tax accountant so you will have to use your best judgement or may want to get a professional opinion.

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Guest Post: How this Combat Veteran replaced his income with Airbnb!

It’s funny how life works out sometimes.  

Ralph Waldo Emerson once wrote, “Be not the slave of your own past - plunge into the sublime seas, dive deep, and swim far, so you shall come back with new self-respect, with new power, and with an advanced experience that shall explain and overlook the old.”

This is how I choose to look at my path to FIRE.  

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