YRB33The Young Retiree by 33
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#real estate investing

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MoneyMay 26, 2020

Want To Prosper During These Tough Times? Eliminate These Two Things

What if I told you life was pretty simple if you want to become financially independent? Would you believe me? What if I told you by eliminating two things you could exponentially accelerate your path to financial independence? Would you be skeptical and not believe what I am saying? I know I would for sure be skeptical to listen to anyone who told me if I did two things I would be able to become financially free at a much younger age.

Airbnb UpdatesMay 25, 2020

March Airbnb Financial Update - Ol' Faithful

Time for a long overdue set of Financial Updates for each of my properties! I have been investing in short term rental properties for the past almost year now (along with house hacking) and I have tried to document my journey on my Instagram account. It has been a wild time with everything going on, but it is finally time to put all the numbers out there for everyone and anyone who cares to follow.

Airbnb UpdatesApril 30, 2020

Real Estate Investing Strategy - Ol' Faithful Breakdown

I purchased this property in August of 2019 so a little over 8 months ago. This property was going to be the first ever standalone real estate investment property I would be buying. Was I afraid? Hell yeah I was. Was I nervous that I was making a bad decision? Hell yeah I was. Did I second guess myself? Hell yeah I did. Here is the reality. It was the week of my 27th birthday and I was continuing on down a path to be financially independent through having a high savings rate and investing in the market. Nothing wrong with that. But I was comfortable. I wasn't taking any risks. I was playing things safe and I hadn't yet stepped up and made some big money moves in my life.

Airbnb UpdatesApril 29, 2020

Biggest Real Estate Investing Things I Learned - The OG Edition

Real estate investment properties will teach you many things. Through my journey in purchasing 4 real estate investment properties I have learned many things. For each of my real estate investment properties I am going to outline some of the key learnings I had. Every day I continue to get more knowledgeable and get just a little bit better!

Airbnb UpdatesApril 26, 2020

Ol' Faithful HOA Saga - Final Path Forward With HOA Dispute

It has been a wild journey with the Ol' Faithful HOA Saga. I have finally determined the final path forward with the HOA Dispute. This real estate investing journey is fun and continues throwing some interesting curve balls. If something like this would break you down, I would definitely say real estate investing isn't for you. I enjoy going through this process because it is a stepping stone and learning opportunity I am using to become a more experienced real estate investor. This isn't a short term play. This is a long term play to continue learning from all the situations my real estate investing journey takes me.

Airbnb UpdatesApril 24, 2020

Reached $1.15 Million In Real Estate!

I just hit a huge milestone in my real estate investing journey of reaching $1.15 Million in real estate properties. What a wild and crazy journey it has been to this point. Things have continued to look more and more interesting in the real estate investing world with the current state of the US and world economies.

MoneyApril 23, 2020

Tenant Backed Out Of Lease Three Weeks After Signing

Time for another learning opportunity for my real estate investing journey. This was the first time I had ever had someone sign a lease and proceed to back out prior to moving in. I am continuing to learn more and more about real estate investing as new situations continue coming up. I enjoy some of the ambiguity in how things are happening and always learning new things. So here is what happened.

Airbnb UpdatesApril 18, 2020

How Much Clearer Do I Need To Make Myself - Asking The Same Question For The Third Time

I have had zero luck with this HOA to this point. How much clearer do I need to make myself. I have asked the same question for the third time now and they continue to not want to answer the specific question I am asking them. This is not only frustrating, but they are using this tactic to continue buying them time. I am a real estate investor, and have been a real estate investor for the past 3 years. This is the first time in my real estate investing journey that I have had issues with an HOA. I never would have imagined to have these issues with a HOA. But now that they are here, I am definitely taking this as a learning opportunity to continue getting better! What doesn't kill you only makes you stronger if you want it to make you stronger!

Airbnb UpdatesApril 15, 2020

My Response To The HOA Clearly Asking To Rent Long Term

The HOA had their chance to email the homeowners to keep us up to date on all the things going on. Now time for some fun in my response back to them. Sometimes I feel the etiquette I have learned in drafting professional emails in work come out too much in these emails. I would love to deal with these things over the phone or in person, but the HOA and board have yet to want to speak in person or over the phone.

Airbnb UpdatesApril 14, 2020

HOA Sent An Email To All Homeowners To Pay Up!

"A further update on our financial planning will be provided in the next few days but in the meantime, thanks to all who have already paid this quarter’s fees and to those who have not yet paid, please do send yours in as soon as possible, so that we can maintain sufficient cashflow levels, not only to protect your resort asset but just as importantly, to keep our resort and its residents, guests and staff, safe and secure through these difficult times."

Airbnb UpdatesApril 11, 2020

My Decision On Moving Forward With A Lawyer - To Pay Or Not To Pay, That Is The Question

I haven't decided to pay a lawyer just yet to look further into my case. There are a few different reasons I have not moved forward with the lawyer. Before we get into those, let's take a quick look at where we are at with everything going on. As a real estate investor, dealing with things like this will be a common occurrence. It might not always be a HOA that you have to deal with, but there are always things popping up that will cause issues.

Airbnb UpdatesApril 10, 2020

Ready To Pull My Hair Out On This HOA Issue! - But Time For A Political Response

I am ready to pull my hair out on this HOA Issue! But time for a political response. If work has taught me one thing, it is to understand your audience when you are communicating. This is part of the fun of real estate investing. I hope I can help share this story with any, but if there is one thing I hope you learn is that this is apart of real estate investing. This is what I signed up for when I purchased an investment property. Although I want to blow up on the HOA for a few reasons, it is time for a political response to them and see what they come back with. In tonights article, I want to share exactly what I responded to the HOA with.

Airbnb UpdatesMarch 17, 2020

February Airbnb Financial Update - Ol' Faithful

A February Airbnb update is long overdue! Time to look at a February Airbnb financial update. I always strive to be completely transparent with all my numbers. This is real financial updates for my Airbnb properties. February will be the last month where my update will only include one property, Ol' Faithful! Ol' Faithful has been a great property as my first Airbnb and so far the numbers have been pretty solid!

MoneyFebruary 7, 2020

Airbnb Financial Update - January Cash Flow

In the month of December, I hosted 51 guests across 7 different bookings. Of the 7 stays, I received a review from each of my guests! Many hosts know getting your guests to leave a review can be difficult. I am also excited to say of the 7 reviews, all were 5 stars!

MoneyJanuary 26, 2020

Financial Independence Core Principle #3: Eliminate Your Largest Expense By House Hacking

Third and final core principle. House hacking is by far the most powerful way to begin your investing journey. When you think about getting ahead in your investment journey, eliminating your largest expense by house hacking becomes powerful. For 99% of people, the largest monthly expense you have is housing. If you are able to eliminate your largest expense by house hacking, you will put yourself in a position to aggressively save.

MoneyJanuary 25, 2020

Analyzing A Short Term Rental Investment - Understand Your Expenses

The ability to understand your expenses when analyzing a short term rental investment is critical. Income is only one side of the equation. If you are able to effectively understand your expenses, you will be able to put together projected cash flow numbers. This will help you determine if a property is worth investing in.

MoneyJanuary 25, 2020

Analyzing A Short Term Rental Investment - Understanding the Inputs

Analyzing a short term rental investment for cash flow is critical to know if there is financial sense to the property you are looking at. With that, I wanted to share the sensitivity analysis spreadsheet I have created to analyze a short term rental investment. Let's jump straight into analyzing a short term rental property with first understanding the numbers!