Determining a Savings Goal to Increase Savings

How much would you like to have as your savings goal by the end of 2017? Maybe $10K, $5K or simply $1K? The amount you save a year is important but the percentage of your income that you save is the valuable figure. Savings Goal Most people answer a question regarding a savings goal with […]

Numbers Behind Rehabbing Pensacola

Cash Flow Cash flow is king for a rental property or at least in my eyes. Investors have different reasons for investing in rental properties and their requirements for a “good” property vary. Investors sometimes prefer for a property that has large equity. Some prefer properties that will hopefully over time increase in value. The […]

How to Install Nest Thermostat and Review

Living in the northeast, a heating bill can be a high expense during the winter months. Having gas hot water baseboard heating is a cost efficient method as opposed to an electrical system, but there are additional ways to further save on your energy bill. A thermostat is used to control your heating/cooling needs of […]

Pensacola – The Rehab Process

From the pictures below, Pensacola was a great first investment property. It showed that even in a home’s worst condition, it can be revived to it’s former glory. The home had a great skeleton and foundation. Also the location of the home was prime rental territory. Walking into Pensacola for the first time after closing […]

Where do I Start on the Rehab

Closing on Pensacola took place on a Friday night in April. Then Saturday morning at 7:30 sharp the wood paneling started to come down. With my sister, mother and father ready with hammers in hand the process of rehabbing a home would quickly become a reality. Where do I start on the rehab quickly became […]

What is a FHA Loan? Purchasing a First Home

What is a FHA loan? Purchasing a first home may be easier than you think. The purchaser of a home is required to have 20% of the purchase price to use as a down payment on a traditional mortgage. On a $200,000 purchase you would be required to have $40,000 to put down on the […]

Offer Accepted, Closing on Pensacola

Offer Is Accepted The feeling of getting your first offer accepted on a property is like no other. Finally, your first property is within arm’s reach but it could be a few weeks or a couple months before you are officially the owner of the property. Closing on the first flip is closer than you […]

Determine Financial Goals to Understand Personal Finance

Financial Goals Goals according to Google are “A desired result or possible outcome that a person or system envisions.” Simply put a goal is something ​that we want.  Innate human desires requires us to have tasks we want to accomplish, thus making everyone have goals. Whether it be a financial, personal, professional or leisure goal, […]

Developing Efficient Simple Budgets

Budgeting 101 Budgeting is a topic that causes many people to cringe and it is a vital piece of financial knowledge that is often neglected. To create a budget you do not need to have a strong financial understanding, only a good understanding of your own finances. When developing efficient simple budgets, your goals should […]

Cost Efficient Kitchen Remodel

Using an FHA loan to acquire my second investment property meant owner-occupying was the only option. Not the worst idea since moving out of your parent’s house has to happen sooner or later. The kitchen of the home was in perfect condition and if it was going to be a rental property then the kitchen […]