Archive | Real Estate

Retire Before Dad Story Camel

The Retire Before Dad Story

At age 27, I was broke, unemployed, and living at home with my parents. Not surprisingly, I was single too. Sounds depressing, right? Not so. I had recently returned from an epic 14-month backpacking trip to Asia and Latin America, spending just $10,000 on the entire journey, then completed a three-month, 8,000-mile road trip throughout the U.S and […]

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Stilts

Is It Smart To Use A Home Equity Loan To Invest?

Interest rates are still hovering near all-time low levels now that the Federal Reserve has begun lowering interest rates again. The big banks are eager to lend money, but they’ve raised their lending standards since the banking crisis of 2007-2009. They prefer debt to be collateralized, making a home equity loan or HELOC an ideal […]

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Rental Plans

Should I Sell My Rental Property And Cash Out?

Should I sell my rental property? It’s a question I ask myself every month. Maybe you do too. Update 12/05/2018: I still own the property and decided to rent it out again. I worked with a CPA to understand the exact tax consequences of selling and met with 3-4 agents to determine a value. It’s […]

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Rent Increase

New Rental Property on the Horizon?

About a month ago, we had a really lousy week in the RBD household. In an effort to save some money, Mrs. RBD made a vegetable stock out of veggie scraps she had been saving. After eight hours in the slow cooker, she strained out the globs of celery, carrots, onions and potatoes to produce […]

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will_ferrell

Retirement Strategy Revisited

Back in September 2013 when I started this blog, I wrote a short post about retirement strategy. It was my third post, and it listed out my basic retirement strategy while serving as an outline for what I’d write about on the blog. This post is an updated version digging deeper into my strategy. A […]

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Rental Plans

The Details of My Rental Property

Every month I update the Investment Income page to show how my passive income streams are fairing. Included is the amount of money I make on my rental property. In this post I’m going to give you some background and crunch the numbers to show you exactly how I calculate my cash flow. The property […]

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A Brief History of My Debt

As a general rule, I am against using debt to buy things. Long ago my Dad explained that it is best to pay off credit cards every month. He told me this before I even understood what carrying a balance meant.  The one exception I hold for debt usage in personal finance is real estate. […]

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