Pay off my rental real estate = Financial Independence
Welcome to my "Payoff My Rentals" Blog!I have been a small-time real estate investor since 2003 (Arguably right in the middle of the formation of the largest real estate bubble in the history of the...
View ArticleA little background...(Part 1)
I never intended to become a real estate investor. But I got caught up in the real estate investing mania sweeping the world following the Dot Com bust of 2001. You could say I was late to the game....
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It has begun...
My Pay Off My Rentals Wall Chart (The back of my 2012 desk calendar)We're off and running! We were able to take a special distribution from our Commercial Janitorial Business this month for...
View ArticleA little background...(Part 2)
It's the Summer of 2003. I've been looking for a test subject to begin my foray into real estate investing. The whole concept of buying a house in need of some light renovations on the cheap and...
View ArticleUpdate - February 2013
February's rental mortgage payments brought the mortgage balances down a little. What was really cool to see was the effect that the unexpected $9,000 additional principal payment we made in January...
View ArticleUpdate - March 2013 (Early)
The "March" onward continues (pun intended). We made our mortgage payments a week early. Nothing wrong with capitalizing on a little more interest savings, right? Plus, we get the thrill of watching...
View ArticleMy Secret Weapon
No...It's not a death-ray. Nor is it a Derringer pistol up my sleeve. It's rental real-estate free cash flow.Frankly, some months are harder than others when it comes to paying an additional...
View ArticleUpdate - April 2013
This is the fourth month into working our plan. Firm determination and laser-like focus are the name of the game here. To be perfectly honest, I am always tempted to change the game plan. For...
View ArticleUpdate - May 2013
I've delayed May's update mainly because it's been a busy time and more honestly because we stumbled in our accelerated payoff plan. We were only able to make the regular mortgage payments for May...
View ArticleUpdate - June 2013
Life is full of adjustments. When driving from point A to point B, how many micro and macro adjustments do we make along the path toward our destination? A dozen? Hundreds? Thousands? Obviously,...
View ArticleRental Finances 101
How does a Rental (or Income) Real Estate Investor manage the finances on his rental properties? However he wants to...Gosh! Well, while I jest a bit, that's essentially true. Everyone has his own...
View ArticleUpdate - July 2013
I spent some time today updating our budget and something amazing jumped out at me... We've paid off $100,517 in only three years!While updating our July 1st mortgage balances, I rolled my cursor over...
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August - September Update
What a busy, busy summer it's been. Here in Oklahoma, we were socked by several tornadoes and my wife and myself along with several friends spent a good portion of that last few months helping victims...
View ArticleUpdate - October 2013
October is here and a whisper of Autumn is in the air. In my part of the world you tolerate Summer to get to Fall and Winter to get to Spring. The weather is rarely boring, or, as they are fond of...
View ArticleUpdate - November 2013
"The journey of a thousand miles begins with a single step" --Chinese philosopher Laozi (c 604 bc - c 531 bc) While many have quoted the above proverb searching for inspiration to begin a long and...
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Update - December 2013
2013 is about to wind up and be retired to history. I know it's been a tremendous year of accomplishment for many of you out there. You've set and achieved goals: Investing, debt reduction, weight...
View ArticleThe Payoffathon
<<<WARNING!!!!>>>> Be advised that the following post contains some really exciting news...When I was a youngster living in California I thought it'd be really cool to do the...
View ArticleRev Up the Payoff Engine...again
It's been a nice little hiatus. Last year was pretty intense having paid off one of three remaining rental house mortgages. It wasn't easy, but then few worthwhile goals ever are. Worthwhile goals...
View ArticleMy Rental Payoff History ---Update - June 2014
If you've read the last eighteen months of my Rental Mortgage Payoff blog posts, you'll often see that I speak of three mortgages (now two) that we are working hard to pay off. The fact of the matter...
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WOW! What a Snowball!
Now that's a snowball! Once that baby gets rolling downhill, it will take out just about anything in its path. And that's just what you need to take out massive amounts of debt: A massive snowball...
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