The Stealthy Rich

We are just two normal family guys that became millionaires one decision at a time. We enable the builders of STEALTH WEALTH. Real Estate and Intentionality

thestealthyrich.com

Rental House #31 – A full Rehab and Sweet, Sweet Negotiation

22131 Birded Brook Giver - May 2016 We hooked another one with our super basic yellow letters, and we couldn't have been happier about it. A guy called Dave on a lazy Tuesday afternoon and told him he had a house he wanted to sell. Dave asked him what he thought it was worth, and the man said $90k, but that it needed $25,000 in repairs to get it ready to sell. [ 523 more words ]
https://thestealthyrich.com/rental-house-31-a-full-rehab-and-sweet-sweet-negotiation/

thestealthyrich.com 22131 Birded Brook Giver – May 2016   We hooked another one with our super basic yellow letters, and we couldn’t have been happier about it. A guy called Dave on a lazy Tuesday aft…

thestealthyrich.com

How to Buy My First Rental Property – Part 2

Here's the second half of The Stealthy Rich's guide on how to buy your first rental property. Here's the first part if you missed it. Step 6: Understand Your Rental Market When it is time to purchase your first rental property, you can never research too much. One of the things you have to understand is your rental market. Remember that every market is local. [ 1,716 more word ]
https://thestealthyrich.com/how-to-buy-my-first-rental-property-part-2/

thestealthyrich.com Here’s the second half of The Stealthy Rich’s guide on how to buy your first rental property. Here’s the first part if you missed it. Step 6: Understand Your Rental Market When it…

thestealthyrich.com

How to Buy My First Rental Property (Part 1) - The Stealthy Rich

Step 1: Know Your End Goal In Buying a Rental Property Understanding your end goal is the first step towards purchasing an investment rental property. This end goal should rely on realistic expectations, your financial capabilities, chosen investment strategy, and the answers to the following questions. When do you plan to retire and how much money will you need to cover all of your expenses? [ 1,017 more word ]
https://thestealthyrich.com/how-to-buy-my-first-rental-property-part-1/

thestealthyrich.com Step 1: Know Your End Goal In Buying a Rental Property Understanding your end goal is the first step towards purchasing an investment rental property. This end goal should rely on realistic expectations, your financial capabilities, chosen investment strategy, and the answers to the following questi...

thestealthyrich.com

Rental House - #76 Another Cash Flowing Duplex - The Stealthy Rich

March 2020 22118 Loaf Smallness - Rental House #76 Half of The Stealthy Rich is addicted to the MLS. If you don't know about the "MLS," it's the Multiple Listing Service, which is where all realtors can list properties. Zillow.com, redfin.com, realtor.com, and every local MLS like har.com are examples of sites that are fed by the MLS. [ 724 more words ]
https://thestealthyrich.com/rental-house-76/

thestealthyrich.com March 2020 22118 Loaf Smallness – Rental House #76 Half of The Stealthy Rich is addicted to the MLS. If you don’t know about the “MLS,” it’s the Multiple Listing Service, which is where all realtors can list properties. Zillow.com, redfin.com, realtor.com, and every local MLS like har.com ...

thestealthyrich.com

Rental House #30 - Best BRRR Deal So Far - The Stealthy Rich

February 2016 We may sound like a broken record, but sending Yellow Letters is the gift that keeps on giving. We were sending about 700 letters a month. They are specifically targeted to non-owner occupied, long-term owners, in our specific zip codes. Dave got a call on 6614 Defiant Gaveller and made the drive to the house to meet the owner. [ 453 more words ]
https://thestealthyrich.com/rental-house-30-best-brrr-deal-so-far/

thestealthyrich.com February 2016 We may sound like a broken record, but sending Yellow Letters is the gift that keeps on giving. We were sending about 700 letters a month. They are specifically targeted to non-owner occupied, long-term owners, in our specific zip codes. Dave got a call on 6614 Defiant Gaveller...

thestealthyrich.com

What Are the Most Common Major Repairs Landlords Make in Rental Properties? - The Stealthy Rich

People have been asking us on Instagram and through other channels, what our most common significant repairs are in our real estate empire. Here are the repairs in order of frequency. 1. HVAC - (Air Conditioners and Furnaces) Our portfolio is located in Houston, and if anybody knows anything about Houston, it's HOT and HUMID all the time. This stickiness means a working air conditioner is a must-have for anybody, or you will be really sad, really quick. [ 903 more words ]
https://thestealthyrich.com/what-are-the-most-common-major-repairs-landlords-make-in-rental-properties/

thestealthyrich.com People have been asking us on Instagram and through other channels, what our most common significant repairs are in our real estate empire. Here are the repairs in order of frequency. 1. HVAC – (Air Conditioners and Furnaces) Our portfolio is located in Houston, and if anybody knows anything about...

thestealthyrich.com

30 Year, 20 Year or 15 Year Loans on Rental Properties - Which is Best? - The Stealthy Rich

Often we get asked by our friends and loyal followers, "What kind of mortgage should I get on my property? Should I get a 30-year or a 15-year loan?" The prevailing thought is that although the monthly payment is less on the 30-year loan, you will end up paying a ton more interest. Let's examine in detail the differences and see if we can come up with a plan on which one to use on the next time you need to finance a rental property! [ 1,507 more word ]
https://thestealthyrich.com/30-year-20-year-or-15-year-loans-on-rental-properties-which-is-best/

thestealthyrich.com Often we get asked by our friends and loyal followers, “What kind of mortgage should I get on my property? Should I get a 30-year or a 15-year loan?” The prevailing thought is that although the monthly payment is less on the 30-year loan, you will end up paying a...

thestealthyrich.com

Rental House #75 - A Perfect Flip - The Stealthy Rich

Time to Talk About "Current" Rental Houses As I dig through the archives of my brain trying to piece together the history that makes up each of our deals over the years, I had the chance to watch the movie Memento. While the plot does not apply here, the way the director, Christopher Nolan, weaves us through the plot DOES apply. [ 882 more words ]
https://thestealthyrich.com/rental-house-75/

thestealthyrich.com Time to Talk About “Current” Rental Houses As I dig through the archives of my brain trying to piece together the history that makes up each of our deals over the years, I had the chance to watch the movie Memento. While the plot does not apply here, the way...

thestealthyrich.com

Rental House Business - Year End Tax Activities - The Stealthy Rich

Its been a long time since our last post. We've been busy with all our year-end stuff as it takes quite a bit to wrap up a year for our little rental property empire. We do the following in the Q4 each year: Appeal property tax Pay our property tax Pay our HOA bills Determine all our year-end loan balances (to see how much principal we paid down). [ 409 more words ]
https://thestealthyrich.com/rental-house-business-year-end-tax-activities/

thestealthyrich.com Its been a long time since our last post. We’ve been busy with all our year-end stuff as it takes quite a bit to wrap up a year for our little rental property empire. We do the following in the Q4 each year: Appeal property tax Pay our property tax...

thestealthyrich.com

Rental House #29 - Another Winner of a Rental House - The Stealthy Rich

February 2016 29003 Dogtrotted Linens Rental House 29 was on the same street as House #28. This was the first time we've had 2 houses on the same street. Now we felt big time for sure. We foun,d this one on the MLS as it was underpriced from the start. We called the agent immediately and begged him to take our full price offer at… [ 426 more words ]
https://thestealthyrich.com/rental-house-29/

thestealthyrich.com February 2016 29003 Dogtrotted Linens Rental House 29 was on the same street as House #28. This was the first time we’ve had 2 houses on the same street. Now we felt big time for sure. We foun,d this one on the MLS as it was underpriced from the start....

thestealthyrich.com

How to Use Small Regional Banks to Finance Your Next Rental House - The Stealthy Rich

Our Small Regional Bank Story Many of you have asked for a post on how to use "small regional banks" to finance your next potential rental house. So here it is! Fortunately, it's simple. The Stealthy Rich first on rental house #1 used a large bank to get long-term financing. It was great, and they helped guide us through the process, but we paid for that luxury. [ 1,304 more word ]
https://thestealthyrich.com/2019/11/13/how-to-use-small-regional-banks-to-finance-your-next-rental-house/

thestealthyrich.com Our Small Regional Bank Story Many of you have asked for a post on how to use “small regional banks” to finance your next potential rental house. So here it is! Fortunately, it’s simple. The Stealthy Rich first on rental house #1 used a large bank to get long-term financing....

thestealthyrich.com

House #28 - 29107 Dogtrotted Linens, Another Winner of a Rental House - The Stealthy Rich

January 2016 We are starting the new year with a bang. We had a fantastic holiday season, and it had been only THREE days since we closed on house #27. We found House #28 (29107 Dogtrotted Linens, off the MLS of all places. If you want a deal, you have to know where to look. We get reassess from all kinds of situations, … [ 416 more words ]
https://thestealthyrich.com/2019/10/27/house-28-29107-dogtrotted-linens-another-winner-of-a-rental-house/

thestealthyrich.com January 2016   We are starting the new year with a bang. We had a fantastic holiday season, and it had been only THREE days since we closed on house #27. We found House #28 (29107 Dogtrotted Linens, off the MLS of all places. If you want a deal, you...

thestealthyrich.com

Why track Net Worth? - The Stealthy Rich

As we go through this life, there are so many distractions. It's so easy to get sidetracked from the things we "should" be doing or even maybe more directly what we REALLY want to be doing. We see it time and time again, friends want to start a business or save money, or buy real estate, but instead, go out and buy a new car or spend their time frivolously which goes totally against their supposed long term goals. [ 473 more words ]
https://thestealthyrich.com/2019/10/18/why-track-net-worth/

thestealthyrich.com As we go through this life, there are so many distractions. It’s so easy to get sidetracked from the things we “should” be doing or even maybe more directly what we REALLY want to be doing. We see it time and time again, friends want to start a business or...

thestealthyrich.com

The Best Net Worth Tracker Ever - The Stealthy Rich

Here it is. The document we've been improving for the last seven years. Our very own created Stealthy Rich Net Worth Tracker and Personal Finance Statement (PFS) It is our guiding light, our compass, what lets us know if we are on the right track. We continuously beat the drum that if you don't measure it, you can't manage it. The "it" in this case is your net worth. [ 122 more words ]
https://thestealthyrich.com/product/the-best-net-worth-tracker-ever/

thestealthyrich.com Download our Net Worth Tracker and Personal Financial Statement in spreadsheet form as used personally by The Stealthy Rich. Track your liquid and long term assets as well as liabilities to show precisely where your net worth stands. It also doubles as a Personal Financial Statement, which all lende...

thestealthyrich.com

Why do The Stealthy Rich Use an LLC To Hold Real Estate? - The Stealthy Rich

What Is An LLC? A limited liability company or LLC is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership with the limited liability of a corporation. What the heck does that even mean? The Stealthy Rich will break it down for you. Three Reasons The Stealthy Rich Love a Good LLC… [ 1,347 more word ]
https://thestealthyrich.com/2019/09/19/why-do-the-stealthy-rich-use-an-llc-to-hold-real-estate/

thestealthyrich.com What Is An LLC? A limited liability company or LLC is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership with the limited liability of a corporation. What the heck does that even mean? The Stealthy Rich...

While we embrace the Fire movement and love when people intentionally plan for their future, we at The Stealthy Rich aren’t cut from the typical FI Frugal Fabric.
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Instead we spend liberally on things and experiences that bring us immense happiness and value.
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On the flip side we are very careful on what we spend our resources, making sure that if it doesn’t add value or bring us joy we cut the spending to zero.
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This is the best method we have found to spend intentionally and get control of your finances without feeling like you are denying yourself happiness due to penny pinching. You’ll find that you only really care about a few things, and that will naturally curb your spending.
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So next weekend when you friends ask to go out to party, think to yourself, does this activity really make me happy? If it does, do it.
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But... if on Sunday morning you feel remorse cause you dropped 150 bucks the night before and the whole thing was stupid, and not really that enjoyable, time to make some adjustments.
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Follow us 👇🏻
@thestealthyrich
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#investments #financetips #moneytips #financialindependence #savings #save #debtfreeliving #planforthefuture #buyandhold #ramitsethi #finances #timemanagement #financialgoals #savemoney #millionairemindset #debtfreedom #buildwealth #rentalproperty #happiness #earlyRetirement #Fire #financialfreedom #millennialsretireyoung #retireyoung #personalfinance #moneygoals #debtfreecommunity #debtfreejourney #success #sidehustle

This tweet nearly made me lose my chalupa.
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While I’m not as bad as I used to be, my kids can still recite that I’ll mumble something about future value of that electricity of that light that nobody is using, or what ac would cost if you didn’t leave the doors open all the time. I’m always trying to be efficient. 😀😀😀
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#everypennycounts
investments #financetips #moneytips #financialindependence #savings #save #debtfreeliving #rentalproperties #buyandhold #finances #rentalhouse #financialgoals #savemoney #millionairemindset #debtfreedom #buildwealth #rentalproperty #biggerpockets #earlyRetirement #Fire #financialfreedom #millennialsretireyoung #retireyoung #personalfinance #moneygoals #debtfreecommunity #debtfreejourney #success #sidehustle

The struggle is real! How many of you go through this with credit cards? I was standing in line at the store yesterday trying to figure out which card would give me the best payback.
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Would it be the 2% cash back from my capital one spark card? Or did I want the valuable Ultimate Rewards points from my Ink Preferred?
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While we typically don’t mess around with the rotating reward categories, we do keep a couple cards in our wallet to maximize our rewards.
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Right now we are loving the Amex Blue Preferred, CapOne Spark Business, and the Chase Ink Preferred.
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What are your go to cards?
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#investments #financetips #moneytips #financialindependence #savings #save #debtfreeliving #creditcardrewards #creditcard #thestealthyrich #finances #personalfinance #financialgoals #savemoney #millionairemindset #debtfreedom #buildwealth #thestealthyrich #travelhacking #earlyRetirement #Fire #financialfreedom #millennialsretireyoung #retireyoung #personalfinance #moneygoals #debtfreecommunity #debtfreejourney #success #creditscore

thestealthyrich.com

Rental House #27 5614 Relevant Dying Drive - Best Rental Property Yet. - The Stealthy Rich

January 2016 Rental House #27 5614 Relevant Dying Drive. The Stealthy Rich were still on a high from buying house #26 because we had finally figured out how to get houses with zero of our own money. We wanted to repeat that transaction a hundred times. This was it! Our ticket to scale this idea of real estate. We had to pursue it. [ 567 more words ]
https://thestealthyrich.com/2019/08/26/rental-house-27-5614-relevant-dying-drive-best-rental-property-yet/

thestealthyrich.com January 2016 Rental House #27 5614 Relevant Dying Drive. The Stealthy Rich were still on a high from buying house #26 because we had finally figured out how to get houses with zero of our own money. We wanted to repeat that transaction a hundred times. This was it! Our...

We are big fans of personal freedom over here at The Stealthy Rich. I know a lot of people who currently hate their day job and want to quit to pursue their “dreams”.
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However they usually don’t have a short term plan to achieve those dreams. Especially if they quit and have no income to live and try to make their dreams a reality.
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Instead, use your job to bankroll your dream creation. It will be hard at first as you work every waking moment after work or weekends to make your dream a reality. It won’t be easy and you’ll be tired a lot. But eventually you will wake up one day and can transition away from your job and live your dream.
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We did this with real estate. It took hard work and lots of mental energy, but we did it along side a full time job.
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Follow us 👇🏻
@thestealthyrich
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#investments #financetips #moneytips #financialindependence #savings #save #debtfreeliving #rentalproperties #buyandhold #ihatemyjob #finances #thestealthyrich #financialgoals #savemoney #millionairemindset #debtfreedom #buildwealth #goals #biggerpockets #earlyRetirement #Fire #financialfreedom #millennialsretireyoung #retireyoung #personalfinance #moneygoals #debtfreecommunity #debtfreejourney #success #sidehustle

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