Have you ever lived with a roommate? Maybe owned a duplex, triplex, 4plex, or other multi-family building and lived in one unit and rented the other? If you have or you know someone who has, that is considered house hacking. The basics of house hacking is, you own a property and you utilize other individualsContinue reading “House Hacking”
Tag Archives: Business
The 1% Rule
The 1% rule is kind of an industry standard in my area. If a property reaches the 1% rule, it is typically a solid long-term investment. There are a lot of other things which can make this untrue, however, it is a guideline we keep in mind. What does the 1% rule mean? It means,Continue reading “The 1% Rule”
My Journey into Crypto and Stock Investing
About two and a half years ago I became intrigued with bitcoin. I downloaded the Robinhood app and found out you could buy bitcoin on it. I started by trying to day trade bitcoin, which was a learning curve for me. After some pretty big gains and some major losses, I realized trying to dayContinue reading “My Journey into Crypto and Stock Investing”
Financial Freedom
With selling my shares of Stable Living, I acquired most of the properties Ryan and I owned together. This turned out to be very beneficial for both of us. I am a huge proponent of passive income and that is exactly what I will receive by getting the properties. With all the rentals Sam andContinue reading “Financial Freedom”
Getting Initial Principal Out Part 2
As we discussed last week on our blog and on our podcast (episode 45), getting your initial principal out is crucial. How I am able to continuously do deals is by getting my initial principle out and recycling it into the next deal. I do this in real estate, cryptocurrency trading, and stock trading. IContinue reading “Getting Initial Principal Out Part 2”
Getting Your Initial Investment out
I am a huge proponent of getting your initial investment out of whatever investment vehicle you are using. I use this tactic in real estate, stock trading, and business. I want to use this technique with cryptocurrency trading but I need to make sure it will be a non-taxable event before I do so. HereContinue reading “Getting Your Initial Investment out”
Buyout of My Business
There are some new and exciting things in my partner Ryan’s and my life. We have been great friends for 7 years and we have been business partners for just shy of 5 years. Him and I hired job coaches a few months back. A big part of what we have been working on withContinue reading “Buyout of My Business”
The Psychology of Money
Sometimes when I read a book or listen to a podcast, I get sucked in. I feel connected to the story, I want to set aside whatever I have planned for the day to finish the book or podcast. Something about the story or the content drags you in and you want more. I wasContinue reading “The Psychology of Money”
What is House Hacking
House hacking is a technique, where someone buys a property to live in and rents out portions of the property to bring down their cost of living. A high majority of people have done a level of house hacking before. An example would be, living with a roommate during college to bring the cost ofContinue reading “What is House Hacking”
Investing in Real Estate
I believe investing in real estate to be one of the best investment vehicles. Investing in real estate allows you to receive passive income, put your money in an appreciating asset, receive many tax benefits, and gain equity in your property. I believe this is better than a 401k or IRA for the normal investor.Continue reading “Investing in Real Estate”
Tutors of Life 