Last week I got my property tax bill. $5,185. Booooooo. Many counties across Texas decided that 2020 was a good time to increase everyone’s assessed property value, raising bills by a whopping 10 - 20% for the tax year. It’s a kick in the groin... Because not only are many people under a financial squeeze this year, Texas was already ranked #3 for states with the highest
Real Estate
How and When to Hire a Property Manager for Your Real Estate Rental
Since I live in California and all my real estate rentals are in Texas, I heavily rely on property managers to look after the day-to-day landlord responsibilities. I get asked about this a lot… Who manages the properties? How do you find a good property manager? What stuff do they handle, and is it all worth the cost? This post is a brain dump of everything I know about
The 1% Rule Explained, Using Malibu Mansions!
Do we really need another blog post explaining the 1% rule for real estate investing? Yes! Because I’m gonna explain it using examples with ridiculously expensive, multimillion-dollar beach houses that famous people live in. The 1 percent rule can be used in any city or state you are planning to invest in. It’s a general guide to quickly identify whether a potential
Rental Property vs Stocks – Tracking Experiment Continued …
A couple months ago I talked about comparing rental property vs stocks, using 2 of my personal assets as examples we can track over time. One is a personal IRA account (backstory here) which is invested in a total stock market index fund. The other is a duplex rental property located in Texas (backstory here). On July 1st of this year, both of these assets were worth almost
Hidden Investment Opportunities in Mobile Homes
Hi guys! I'm SOOO excited to share this piece by a long time internet friend of mine - Rachel Hernandez, aka Mobile Home Gurl - who I've been fascinated with for years. She's made a great income off of investing in overlooked properties - specifically mobile home investing! - and today stops by the blog to share the ins and outs of the industry, as well as some financials. Hope
