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2015 Mortgage Prepayment Update

2015 Mortgage Prepayment Update

Forgive me for the recent decrease in posts, but we do have some fun news to share: we're expecting the arrival of our first kiddo... literally any day now! The bump on Christmas Eve So while I regret not posting as much, let's be honest - I'm notRead More
Protecting Rental Properties with Umbrella Insurance

Protecting Rental Properties with Umbrella Insurance

The following is based on my own experience and understanding, but I'm certainly no expert on the subject. Please be sure to consult with an insurance professional when contemplating your options. Best of luck! After purchasing our 3rd duplex in May of last year, we felt the time was right toRead More
Monday Mixed Bag – Flooding, Appraisal Protests, and Prospecting Letters

Monday Mixed Bag – Flooding, Appraisal Protests, and Prospecting Letters

I hope everybody is staying cool out there! We've been keeping plenty busy this summer - I recently got back from a trip to South Padre Island to pre-celebrate my sister's wedding. For the most part our rentals have been blissfully business-as-usual, but I do have a few notable highlights worthRead More
Investment Property Balance Sheet - 2015 Edition

Investment Property Balance Sheet - 2015 Edition

(photo by frankieleon) Our annual look at rental income and expenses, averaged across 12 months. We own duplexes so these numbers represent 6 units across 3 properties, purchased between 2011 and 2014. We also perform this analysis when seriously vetting a new rental property to help spot unexpectedRead More
Protest Alternative: Hiring a Property Tax Consultant

Protest Alternative: Hiring a Property Tax Consultant

Note: the information below is definitely Texas-specific, and possibly county-specific - so please take caution when applying it to your local area! It's that time again - property tax appraisal season. Last year we shared Corey's first-timer experience protesting our property tax appraisals (and saving $1,454) for two rental properties: Received Appraisal Notice,Read More
Recent Reading: Income Taxes Explained in 100 Pages or Less

Recent Reading: Income Taxes Explained in 100 Pages or Less

Note: this post uses referral links, but I was not asked to read this book. You don't have to use our links, but we're very grateful when you do! Inspired by the recent tax season, a solid recommendation from Afford Anything, and the impressive tax savings by Root of Good, IRead More
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