I made over $35k profit selling one of my turnkey properties in a C class neighborhood

I made over $35k profit selling one of my turnkey properties in a C class neighborhood

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I made over $35k profit selling one of my turnkey properties in a C class neighborhood
Three and half years ago I stepped up my real estate investing game when I started buying properties out-of-state.  I was living in Austin, TX at the time where the market was so hot and the cash flow was extremely hard to find which is what led me to Indianapolis.    Wow I can’t believe that was so long ago.  Time has really flown by and so much has changed for me since then.   Anyhow, I got caught up in purchasing turnkey rental properties because I was still in my early real estate investing days, the numbers looked amazing to me and I really believed these cities I was purchasing in were headed in the right direction.  I ended up purchasing  4 turnkey rentals all within a 10 month span.  3 of these were in Indianapolis and one was in KC, MO.   It was very exciting times for me but also a bit scary because well its just flat-out scary when you start buying rental properties so far away from where you live.  Am I right!? To this day, those turnkey rental properties in my portfolio have been cash flowing and appreciating.  I have had very little problems with any [...]
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How to Start an Etsy Shop (Hint: You Don’t Have to be Creative!)

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How to Start an Etsy Shop (Hint: You Don’t Have to be Creative!)
Are you the creative type? Ever think about using that creativity to make some cash? Etsy shop owners make hundreds of millions of dollars a year collectively by selling on the site. That means you [...]
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How Can Kids Make Money? Try One of These Ideas!

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How Can Kids Make Money? Try One of These Ideas!
Can your kid make money? Does he or she want money? Do you want him or her to stop asking you for money? I’m guessing your answers to these questions are yes, yes and yes. Luckily, we’ [...]
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How to Make Extra Money at Night (Starting Tonight)

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How to Make Extra Money at Night (Starting Tonight)
I know exactly what it’s like.  You’d like to make extra money.  You’ve really thought long and hard about it. But there’s one thing that gets in the way – your job!  Your [...]
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How to Invest in Dividend Stocks (and When You Shouldn’t)

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How to Invest in Dividend Stocks (and When You Shouldn’t)
Are you interested in an easy and sure-fire ways to create a steady stream of truly passive income? Then you need to know about investing in dividend-paying stocks. Investing in these hidden gems coul [...]
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My Experience with a Fannie Mae HomeStyle Renovation Loan – 120k Purchase price + 120k Renovation Cost

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My Experience with a Fannie Mae HomeStyle Renovation Loan – 120k Purchase price + 120k Renovation Cost
As a real estate investor, I am constantly trying to teach myself about different ways to purchase real estate properties.  My strategy has typically been the buy and hold method.  I prefer to purch [...]
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How the Dogs of the Dow Can Make You Rich (Why Blue Chip Dividend Stocks Rock!)

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How the Dogs of the Dow Can Make You Rich (Why Blue Chip Dividend Stocks Rock!)
Are you eager for some easy passive income? Dividend-paying stocks are a great way to build up a truly passive income stream. For doing nothing more than simply being a shareholder of stock, the compa [...]
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187 – Investing Long Distance – Understanding Turn Key Properties

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187 – Investing Long Distance – Understanding Turn Key Properties
Investing Long Distance – Understanding Turn Key Properties In this week’s episode, I answer a great question from Crystal about Long Distance investing.  Crystal asked:  I've developed an [...]
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How to Make Money with ClickBank Selling Other People’s Products

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How to Make Money with ClickBank Selling Other People’s Products
Did you know you can make money selling other people’s products? There’s a surprisingly easy way you can earn passive income simply by linking to products that other people create. This ar [...]
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How to Get Free Money Fast Using Swagbucks and Ebates

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How to Get Free Money Fast Using Swagbucks and Ebates
How would you like to get free money fast? Several companies are giving away free money to people just like you every day. Interested? It’s easy. How? By taking advantage of online shopping r [...]
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Using Peer to Peer Lending Sites for the Best Personal Loans and Passive Income

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Using Peer to Peer Lending Sites for the Best Personal Loans and Passive Income
Have you considered taking advantage of p2p lending as a passive income source? This exciting source of passive income is growing portfolios everywhere. It’s also helping borrowers get out of de [...]
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Using Continuously Compounded Interest to Create Big Passive Income

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Using Continuously Compounded Interest to Create Big Passive Income
Have you ever wondered why so many people are obsessed with making money from the stock market or other similar investments? If so, you should become acquainted with the power of continuously compound [...]
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July 2019 Net Worth Quarterly Update

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July 2019 Net Worth Quarterly Update
  This is my official Quarterly Net Worth Update for the 2nd quarter of 2019 (April – June). Below are my actual numbers for ALL my investments and liabilities as of 06/26/2019. Detailed ex [...]
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Smart Money Moves to Maximize Income

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Smart Money Moves to Maximize Income
Making sure that you have more money coming in than going out is important, but it is maximizing every dollar that comes in that will set you up for success not only right now, but to build for your f [...]
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Working from Home is a Money Saver with a Smile

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Working from Home is a Money Saver with a Smile
These days so many employers are allowing staff to work from home.  It does make some who’s job function does not allow it to be jealous either around the office, or among friends and family who wo [...]
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Credit Cards Have Many Benefits (as Long as You Pay the Full Statement Balance)

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Credit Cards Have Many Benefits (as Long as You Pay the Full Statement Balance)
Growing up, even hearing the word credit card immediately brought a negative connotation when it came to making purchases.  Not that it was a bad thing, but even in recent years, using cash, real act [...]
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7 Ways to Strive to Earn Passive Income

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7 Ways to Strive to Earn Passive Income
No matter your income level, it is always good to plan for the future to ensure that you will be financially stable to enjoy life to the fullest in your later years.  While we will be lucky if there [...]
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Ways to Shoot for Getting Rich in 2018

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Ways to Shoot for Getting Rich in 2018
Now this isn’t meant to get your hopes up that you will wake up in 2018 and automatically be rich, as it takes years upon years to get to that point, but the longer you put it off, the longer you wi [...]
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Tricks to Use to Become Financially Successful

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Tricks to Use to Become Financially Successful
If you take a look at your successful family and friends, what led them to that path?  Surely you can ask what advice they have to offer.  The household finances, especially if you share with a sign [...]
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Living an Organic Lifestyle on a Budget

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Living an Organic Lifestyle on a Budget
In these modern times, it is very common for aspects of our lives to be polluted by synthetic chemicals. This is the case for our food, furniture and clothing. Many people would prefer to live as natu [...]
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6 Smart Money Moves to Begin Making Now

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6 Smart Money Moves to Begin Making Now
Handling the household finances are tough, so much in fact that it’s no wonder why most do not hold down a successful budget and are in credit card debt.  Now, you don’t have to run a budget to b [...]
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What Is Residual Income and How Is It Different from Passive Income?

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What Is Residual Income and How Is It Different from Passive Income?
If you look into different ways to earn passive income for any amount of time, then you’ll probably notice that people will also often refer to it as “residual income”.  Though the two a [...]
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How I Earn High and Passive Income From Rental Properties

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How I Earn High and Passive Income From Rental Properties
Jussi Askola writes in Seeking Alpha, “Rental properties are very popular among income investors and retirees. How do I know? All my rental-related articles receive a lot of comments and attention. [...]
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The best online savings accounts of 2019: How to find the best high yield online savings account

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The best online savings accounts of 2019: How to find the best high yield online savings account
Finding the right savings account can get you an extra $200 for free this year. Depending on your balance, it could make you a lot more money. Let’s say you have $10,000 to put into an online sa [...]
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179 – How Can I Profit From This?

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179 – How Can I Profit From This?
How Can I Profit From This If you are not asking yourself this question each and every time you stop to peek at a shiny investment opportunity you are doing yourself an injustice.  In today’s worl [...]
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The Best Practices For Selling Land On Facebook

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The Best Practices For Selling Land On Facebook
Facebook is a great marketing tool. It’s a fast and easy way to connect with potential buyers. You can even collect down payments straight from messenger. But, are your ads at their maximum potentia [...]
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178 – Don’t be Fooled By Doors Over Dollars

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178 – Don’t be Fooled By Doors Over Dollars
Don't Be Fooled By Doors Over Dollars What is more important?  Doors or Dollars?  This mindset can cause lack of focus on profitability, and when we lose focus, we lose money!  People with lots of [...]
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April 2019 Net Worth Quarterly Update

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April 2019 Net Worth Quarterly Update
  This is my official Quarterly Net Worth Update for April 1st, 2019. Below are my actual numbers for ALL my investments and liabilities as of 03/31/2019. Detailed explanations and a quick summar [...]
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Building an Understanding of Your Market

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Building an Understanding of Your Market
When you’re running a business, your work never ends: one of the things you have to accept is that a business isn’t a single project that concludes successfully after you put in lots of work. It [...]
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10 Common Difficulties That Come with For Sale By Owner Properties

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10 Common Difficulties That Come with For Sale By Owner Properties
Most homeowners would probably prefer to have a professional licensed Realtor work on their behalf to sell their home, but not everyone sees the value of paying a fee for an agent’s expertise. RICH [...]
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How to get college scholarships in 2019 (how I got $100,000+)

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How to get college scholarships in 2019 (how I got $100,000+)
How to get scholarships in 3 easy steps Step 1: Adopt a robust “scholarship application mindset” Step 2: Learn to find the scholarships that will pay THOUSANDS Step 3: The only application [...]
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How to talk to people (even if you don’t know what to say)

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How to talk to people (even if you don’t know what to say)
You’ve probably been there before: You walk up to a group of friends talking. Stand there awkwardly while waiting for one of them to notice you. Wish for death. You start telling a story to a grou [...]
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Ways You Can Become Financially Stable

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Ways You Can Become Financially Stable
While figuring out whether you’re financially stable or not has a little more to do without just being able to decide if you could survive longer than paycheck to paycheck, but more has to do with a [...]
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Graham Duncan — Talent Is The Best Asset Class (#362)

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Graham Duncan — Talent Is The Best Asset Class (#362)
Photo by Heidi Gutman/CNBC “Everyone’s genius is right next to their dysfunction.” — Graham Duncan Graham Duncan (@GrahamDuncanNYC) is the co-founder of East Rock Capital, a multi- [...]
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How to Save Money on Food Expenses

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How to Save Money on Food Expenses
While there are certain monthly expenses that can be cut if you try hard enough, such as a gym membership or even a cable bill with so many streaming options these days that it doesn’t make sense to [...]
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The Biggest Retirement Planning Mistakes

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The Biggest Retirement Planning Mistakes
Staying on top of the family finances is a huge responsibly, probably one that should not be handled alone without the help of your significant other, or even a family member or friend that you trust [...]
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15 lessons on money and marriage from couples who have been married 10+ years

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15 lessons on money and marriage from couples who have been married 10+ years
We asked members of the IWT community who have been married at least 10 years (aka “forever” in Hollywood years) to share their #1 piece of financial advice for couples. Here’s what they said: [...]
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How to ask your boss for a promotion (with word-for-word scripts)

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How to ask your boss for a promotion (with word-for-word scripts)
Knowing how to ask for a promotion can make you rich Many of my students and friends who’ve used the techniques I’m going to share have successfully earned raises of $10,000 or more. But even if a [...]
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5 factors that helped these readers successfully boost their salary over $5,000

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5 factors that helped these readers successfully boost their salary over $5,000
There’s a lot at stake when you walk through your boss’s door to start the “talk.” You know the one: negotiating more money. That single conversation is too important for you to just blindly [...]
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How to Reduce Monthly Money Wastes

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How to Reduce Monthly Money Wastes
Believe it or not, it can be harder to stay on top of your finances compared to losing weight, which is a popular resolution this time of year.  The problem is, you join the gym and try to make a [...]
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Boosting Your Credit Score Can Save You Money

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Boosting Your Credit Score Can Save You Money
Whether you know it or not, your first impression to a potential lender is your credit score, which can not only decide your approval fate, but also, if approved, what your rate and terms are.  F [...]
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April 2018 Net Worth Update

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April 2018 Net Worth Update
  This is my official April 2018 Net Worth Update. Below are my actual numbers for ALL my investments and liabilities as of 05/01/2018. Detailed explanations and a quick summary can be found belo [...]
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Peer-to-Peer Lending and a Savvy Investment Portfolio

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Peer-to-Peer Lending and a Savvy Investment Portfolio
Peer-to-peer lending is just one piece of the greater sharing economy that has boomed in the past ten to fifteen years. In a nutshell, it allows regular non-institutional investors with just a few hun [...]
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159 It’s All About Mind Over Matter in 2019 with Rod Khleif

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159 It’s All About Mind Over Matter in 2019 with Rod Khleif
It's All About Mind Over Matter in 2019 with Rod Khleif   Rod Khlief is a man that needs little to no introduction, he is the host of the #1 Real Estate Podcast “Lifetime Cashflow Through Real Esta [...]
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Honeymoon tour continued: My Rich Life travels in Africa

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Honeymoon tour continued: My Rich Life travels in Africa
I’ve been sharing my honeymoon stories and other aspects of my life on my Instagram stories. In the last installment of my Honeymoon Series, we explored Italy with our parents, and now we’ve move [...]
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Money Dials: Why you spend the way you do

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Money Dials: Why you spend the way you do
Do you ever wonder why people spend their money the way they do? Why take an expensive Uber when you can walk 20 minutes to get to the same place? Why pay for first-class tickets when we’re all goin [...]
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Money Mistakes You Should Avoid Going Forward

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Money Mistakes You Should Avoid Going Forward
You may think you are going about your finances the right way, month over month, year after year, making sure your bills are paid on time,and yes while that is important, there is actually much more t [...]
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Honeymoon BTS: What a Rich Life looks like for me

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Honeymoon BTS: What a Rich Life looks like for me
I always knew that I wanted our honeymoon to be unforgettable. My wife and I were thinking about doing a safari, and when we went out with a few married friends and told them, they said, “That sound [...]
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5 common tax myths could cost you thousands

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5 common tax myths could cost you thousands
Fact: Taxes are confusing — and it doesn’t help that there are so many myths that swirl around the subject. It makes sense though. There’s no class in high school on how to do taxes, and the su [...]
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Selling a Rental Property

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Selling a Rental Property
Owning a rental property has its perks. Done right, you can receive a regular revenue stream that covers the mortgage and provides you with a respectable profit each month. Assume you bought a Los Ang [...]
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4 gift-giving tips to give the perfect present this holiday

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4 gift-giving tips to give the perfect present this holiday
Headlines like “Oprah’s favorite things!” or “Tech gifts for gadget geeks!” have been popping up in your Amazon sidebar for weeks, all of America’s malls are playing “Jingle Bell Rock” [...]
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