How did we do our own monopoly project? How did we start investing in real estate and build our current holdings (two apartment complexes, two medical building and two SFH’s)? In this series we will trace the history of our real estate acquisitions. Previously we described how we got started by buying our first [...]
Should you start your own ‘Monopoly Project’? Should you start acquiring rental properties? First, this is a lifestyle decision. If you ask people if they want to be “rich”, almost all say, “Yes”. But there are costs, opportunity costs, to getting rich. The most obvious is time. It will take time that you could be [...]
This is the second in a series on how to buy a house. What are the steps? What are the decision points? What documents will you send and receive? What should you pay attention to? And most important what can you ignore? Previously we introduced the series and showed this spreadsheet that explains the house [...]
This is the first in a series on how to buy a house. What are the steps? What are the decision points? What documents will you send and receive? What should you pay attention to? And most important what can you ignore? Before we bought TMP house on Valencia in June, the last single-family [...]
Previously we blogged that for October TMP had “fallen” to 5th place. So far TMP has ‘made’ $5,156 in about six months but we’re still behind several other investment options. But we’ve only employed less than half of the $100,000 capital. What if we had used all of the capital or more [...]
The hot new thing in the SFH market is “iBuyers”. The “i” stands for “instant”, not “internet”. What is an iBuyer? There are lots of answers: “An iBuyer is a real estate investor that uses an automated valuation model (known as an AVM) and other technology to make cash offers on homes quickly.” p35 [...]
Last month I attended a real estate seminar presented by our local KellerWilliams team, the "Bill and Cindy Flowers Team". “Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the number one franchise in the [...]
Our results to date are reported on a monthly basis on the “Score” table on the Home page. We give you the current total value of TheMonopolyProject (TMP) as a combination of cash held (bank deposits) and the estimated equity of the real estate owned (= estimated value minus liabilities). To determine how well TMP [...]
Our results to date are reported on a monthly basis on the “Score” table on the Home page. We give you the current total value of TheMonopolyProject (TMP) as a combination of cash held (bank deposits) and the estimated equity of the real estate owned (= estimated value minus liabilities). To determine how well TMP [...]
I’d like to share two additional bits of evidence that shows we are moving to buying and selling SFHs as commodities which will lead to the destruction of the 6% commission. I laid out the argument in the previous post, “MayDay for the 6% Commission”. We will get to the point where many SFHs can [...]
