September started the seasonal decline in real estate prices in Chicago. Every year it’s pretty predictable. School starts, weather starts to get a bit nastier, and nobody wants to move. So houses sit on the market longer, sellers start to get desperate and buyers sit on the sidelines just a bit longer waiting for a deal. This year is no different.
Currently, most of the focus within the FIRE community seems to be on maximizing pre-tax investments through 401k, IRA and HSA contributions, dumping everything into index funds, then sitting back and waiting. Once a line on a chart crosses an imaginary threshold where you can withdraw 4% per year and hypothetically never run out of money,… Read more »
Even before I purchased my first bit of real estate, I knew exactly what my plan was: Buy a duplex beat up condo. live in one side and rent out the other Fix it up, and then rent it out. Get a HELOC cash out refinance. Buy a multi-family Irresponsibly quit my job during the biggest… Read more »
A couple weeks ago Lauren and I embarked on 1,500 mile road trip to Guaymas, Mexico, which lies nearly 300 miles south of the border through mainland Mexico, to look at a sailboat. Here’s a little map we put together during the planning stage. Can you tell we were worried about finding gas?! Let’s back… Read more »
Quitting my Job (The First Time)
It was August 2009, and it had been one year since I purchased my first condo. I had an excellent job working with someone whom I really respected. I had recently completed a cash-out refinance on the condo and was flush with savings I intended to use as a down payment on a multi-unit apartment building. I was moving… Read more »
Using Streak CRM for Rental Property Marketing
My tenants for Rental Property 2 have notified me that they will be moving out. So I am setting myself up to get back into “marketing mode”. Even though I only have 3 properties, I’ve always made it a point to focus on process and think about how to scale. Even back when I only… Read more »
Moved to Blue Host
After a bit of research, and being completely fed up with my old web host. I’ve recently decided to move to a new provider. I’ve gone with BlueHost for it’s sparkling reviews, performance, cost and uptime guarantee. I’m super excited I don’t have to deal with the awful web hosting provider I’ve put up with for the… Read more »
Closing to Leased in 5 Days!
I closed on my third rental property last Friday! (You can read about the first & second here.) Less than 5 days later the rehab was complete, we had the lease signed and a great tenant was moving in. I met my real estate agent at the property to do my final walk through around 9am on… Read more »
Closing on my second Rental Property!
Last month, I closed on investment property #2, a 2/2 condo in Rogers Park, Chicago. This property is only a couple blocks away from my first property, that I purchased as a primary residence 2008-2009, and converted to a rental in 2010. My retirement plan is to purchase at least one rental property every five years. Since I purchased… Read more »
25 Steps to Starting a Successful Blog
$100 may not sound like a lot of money, but making it quickly is a different story. If you want to make money with your blog, follow the steps below and you will be well on your way to making your first $100 in 30 days. First Things First 1. What Is Your Passion?… Read more »
Blogging Photographer A New Project
I have just begun work on a new project, a blog, Blogging Photographer. It is just what it sounds like, a website about blogging and photography it will specifically focus on the benefits of combining the two by using blogging to supercharge your photography efforts online.
2009 A Year Revisited – The Journey Continues
The title of this post used to be 2008 A Year Revisited, that is how bad good a procrastinator I am. In a previous post I discussed my original intent for this site along with my goal of becoming self sufficient by 2009. Meaning I would be sustainably self employed with multiple streams of income, posessing… Read more »
I am totally obsessed with Coworking right now. I have been intrigued by the idea, since I first heard about it a number of years ago. However it wasn’t until recently I really got excited about it. Coworking in its infancy has gained a large following with the early adopter crowd, creative coworking spaces like New… Read more »