Set and Then Forget... (at least for a little while) As an aggressive entrepreneur, I was ready to conquer the world at a very young age. My plan was to out-work, out-innovate, and out-run my competition at all costs until I was financially free. I started a lawn mowing business... then a custom T-shirt business... [...]
I had the pleasure of sitting down with David and Melina Montelongo of A&E's "Flip This House" the other day. They explained to me how they got started investing in real estate and what they are up to now.
Right-Click to Download Quicktime Here is the latest video I produced showcasing an investment property that we flipped in Central Texas. It has been a few months since this video was shot, but the good news is that we sold it for more that we thought we would, so the numbers are even better. Here [...]
September was a great month.My business partner, Shauwn, and I closed on two rental houses and wholesaled three more; capturing over $42,000 in equity, $650 a month in cashflow, and $7,000 in wholesaling income. I finished P90X, losing two inches off my waist and ten pounds; college football started after a long agonizing sports summer; and the smoldering Texas heat finally dropped by twenty degrees.
For the last few weeks we've been talking about calculating ROI for real estate investing. The first week we talked about the cost approach versus the out of pocket approach. Ultimately as real estate investors, we look at the out of pocket approach to determine our personal return on investment. On day two we talked [...]