Just a few weeks after completing my first BRRRR deal, I’m already onto the next deal. If I learned anything from my first deal, it’s that the BRRRR strategy really works. Finding a deal is likely the most challenging part, although repair delays, going over budget on repairs, and not getting the home appraised well,…
My first BRRRR deal in Fayetteville has officially closed! While the final numbers do not exactly match the original numbers I estimated, I still think this turned out to be a pretty good deal for me. I was able to pull out approximately $82,500 cash out of the property via delayed financing with my mortgage…
Welcome to Frankie’s February 2019 net worth report. Like other financial bloggers, I think it’s tracking income and net worth is a good idea to stay motivated and check in on my financial goals. I use actual, real-life numbers, and my long-term goal is to reach $1 million in net worth. This year, I’m striving…
MLPs, or Master Limited Partnerships, make an attractive investment for investors seeking high income and diversification from other high-dividend yield stocks, such as REITs and BDCs. I’m always surprised to learn when investors tell me they don’t have MLPs in their investment portfolio. I have approximately 7%-8% of my total net worth invested in companies…
I have some exciting news to share! I’ve closed on my first BRRRR real estate deal in Fayetteville. I am pumped to complete this first deal, get the repairs done, get it rented out, pull my money out of the deal, and then do it all over again! This BRRRR deal is on a 3-bed,…
Master Limited Partnerships, or MLPs, are making a comeback with investors. With juicy yields north of 8%, it’s hard not to take notice. Barron’s is so bullish on the investment sector that it has actually named it its best investment idea for 2019. This could be a good time to reconsider the sector, which has…
This is my first-ever income and net worth report. Like other financial bloggers, I think it’s a great idea to track net worth to stay motivated and see how things are going each month or quarter. These are actual, real-life numbers. The ultimate goal is to reach $1 million in net worth. I expect this…
I’m in the process of completing my first BRRRR real estate investing deal in Fayetteville, North Carolina, and I am pretty excited. For some background, I’m a 31-year-old investor who works in the finance industry and lives in South Carolina. I’ve been primarily investing in stocks up until recently, through REITs, MLPs and gold stocks….
Is paying off your mortgage the smartest investment you can make in 2019? Or what about investing your money instead, whether it’s in stocks or real estate? Paying off a mortgage vs. investing that money instead is a very personal decision that depends on factors like the rate on your mortgage, whether it’s fixed or…
The BRRRR real estate investing strategy is exploding in popularity, and rightfully so. The phrase stands for “Buy, Rehab, Rent, Refinance, Repeat” and was coined by BiggerPockets.com. If a BRRRR deal is done correctly, you can build wealth quickly and get your cash out of the deal to re-invest. But there are some key risks…