A property a year will make you a millionaire

A property a year will make you a millionaire

Jul 22, 2013

After a lot of positive response from my post last week The tortoise wins every time I decided to see what other theories we could test out.  My business partner Stephen Smith suggested we look at something simple like a $100,000 property purchased every year for ten years.  At first I thought that this would cost more money than my slow and steady approach...

The tortoise wins every time

The tortoise wins every time

Jul 15, 2013

Every time I read the story of the tortoise and the hare, the tortoise wins. Every time. I mean duh, it is a book. Books end the same way every time. But this applies to more than just this books. In life most good things come to those who wait. Not waiting around and doing nothing, but purposefully taking small steps everyday to achieve an amazing end result....

Lake Travis Potential Investment Property

Lake Travis Potential Investment Property

May 7, 2013

Looking for an investment property in the Lake Travis ISD.  Something that could cashflow on day one, and more importantly have a great return on investment.  Well I found one that I think would be a good fit for a small investor.  This is not my listing so I am leaving the address off, if you are interested in something like this check the link below for...

UT Austin Investment Condos

UT Austin Investment Condos

Feb 5, 2013

If I had known back then what I know now, how different would things be?  This could be said about a lot of things in life, hind-site 20/20 and such, but I’m talking specifically about investments in real estate.   When I first came to Austin, TX in 1998 from my small time life in Georgetown, I was taken by the big city of Austin.  Going to UT was a life...

Investment opportunity abound

Investment opportunity abound

May 9, 2011

Everywhere I look right now I see another investment opportunity.  House prices have dropped and rents are starting to climb at an alarming rate.  Just three years ago the home buying scene was on fire.  Everyone wanted in on the act and prices went though the roof.  Now that no one wants to own real estate it is time to buy a few good rental properties. We...

Home owners net worth more that 31 time that of renters

Home owners net worth more that 31 time that of renters

Nov 17, 2010

In the past 12 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter. Home owner equity is a substantial component of home owner wealth. The Federal Reserve’s Survey of Consumer Finances, conducted once every three years, provides a snapshot of family income and net worth along with...

Understanding Landlord Insurance

Rental properties require their own type of coverage–landlord insurance, which is different than the homeowners policy you buy when you live in a house yourself. Landlord insurance protects you against losses from fire, lighting, falling trees, wind and hail, water damage, and injury to your tenants and their guests. But it doesn’t cover the...

6 Mistakes Tenants Make

1. Use a Realtor when leasing. If you are moving into an Apartment it may make more sense to use an apartment location, but either way it is important to have representation.  It does not matter how many times you have moved, if you are not a licensed professional you should hire one.  You should not expect the agent leasing you the house to represent you. ...