About one year ago, we started exploring selling our Indianapolis portfolio. You can see the property details on all five rentals here, and our sell v. hold analysis here. In a nutshell, this was our highest cash-flowing geography (compared to Asheville, Jacksonville and Tamarindo), which is why we bought in this market. But it was also our biggest management headache – while we worked with local property managers in Indy, [...]
Continuing our posts on your FIRE questions, such as when you are late to saving, when you and your spouse disagree or when you don’t want to pinch pennies, we come to another savings obstacle – the high cost of elder care. How do you insure for long-term care?How do you budget for the unknown costs of elder care – your parents and your own?How can you use geo-arbitrage when [...]
Thanks to the feedback we received on your FIRE questions, we have tackled how to make FIRE possible when you and your spouse disagree or when you don’t want to pinch pennies. Now, we’re tackling another question, this time about retirement in general, not just early retirement: How do you make FI possible when you’re later in life and still haven’t saved enough for retirement? Specifically, the questioner shared that [...]
The purpose of our visit to Cleveland was to attend the Real Wealth Network Income Property Showcase event. You can read all about that event over here. We added a 2nd day to the trip so we'd have more time to sample what Cleveland has to offer! Fun fact about the hotel hosting the Real Wealth Network event: it was also host to the National Yo-Yo Championships! Unfortunately, we didn’t [...]
Scott and I took a work/ play road trip to Cleveland for the 2019 Real Wealth Eastern Income Property Showcase Event. Real Wealth Network is a real estate education and referral network that partners with turnkey providers in various markets. Based in California, they do most of their conferences out west, but once a year they go further east to capture investors on our side of the country. This post [...]
These days, Barbara Corcoran is probably best known for judging the start-up pitch show, Shark Tank. As a native New Yorker and real estate fangirl, however, I will always think of Barbara Corcoran as the founder behind New York City real estate agency, The Corcoran Group. After splitting with her boyfriend and first business partner, she went out on her own with half the remaining team (seven agents) and built [...]
If you saw the press around how Jay-Z is hip hop’s first billionaire, you might have glossed over it for the entertainment value but missed how important it is to your FIRE plans. Sure, Jay-Z and other celebrities have outsized paychecks that bear little resemblance to the money you and I have to work with. However, the way he and other astute celebrities have managed their career, time and money [...]
After four full days in Provence and just under four days in Lyon, we had a 10+ hour road trip for our final stop in Paris. We were scheduled to spend our final days in Tours in the Loire Valley, but changed to Paris because of the heat wave. Temperatures were projected to exceed 100-degrees each day, and the Loire Valley activities would be mainly outdoors. In addition, our AirBNB [...]
After just under four days in Lyon, we hit the road for our next stop in Aix-en-Provence. We picked this region because lavender is in season June through August. As it turns out, sunflowers also bloom in July and August, so we would get to see both! We did see some impressive sunflower fields along the way, but as the drive was several hours, we didn’t stop for photo opportunities. [...]
Recently I wrote about making FIRE possible when your life partner isn’t as committed to FIRE as you are. This was inspired by several questions that came up from a survey of participants of our course, Making FIRE Possible. Another common concern was how to reach FIRE when you don’t want to pinch pennies or deeply cut your expense level. One course registrant mentioned she wants to save money, but [...]
