The first half of 2021 has been great for my rental properties. There are no new deals on the horizon for me at the moment but hopefully that will change soon. I’m working on refinancing North, East and possibly South but there are a few variables. One being flood zones which would require flood insurance and the next is if we keep South as it is currently for sale. I’ll have some more info on the refinances next quarter ..read more

This has been a BUSY quarter for me. I put up a fence, installed french doors, changed a bunch of windows, painted the fence, my garage and entire house, built a car port and a bunch of other little things. All of this was done at my owner occupied rental property. When I bought this house and moved in four and a half years go, I figured I would move out in a year or two ..read more

The more time you spend in the financial independence community the more you’ll see the term savings rate thrown around. It is almost viewed like a sort of trophy that we can use to prove to ourselves and others how dedicated we are to achieving FIRE. It can also be used as a tool that allows us to forecast the time required to reach FIRE. The problem that often arises when comparing savings rates with others is the fact that each person may choose to calculate their savings rate differently ..read more

For a variety of different reasons, we all want to increase our net worth. Increasing our net worth and accumulating wealth can be used synonymously for the purpose of this post. Achieving financial independence requires the accumulation of wealth. In order to be successful in the game of wealth accumulation we need a couple different teams. The first team will run our offense. The second team will run our defense. Our job as the coach is to manage both of these teams ..read more

This is part three of a series of interviews affectionately deemed “The Average Millionaire Interview Series” exclusively here on Live Off Dividends. Despite contrary belief, millionaires are real people who face adversity just like you and I. This interview series allows us the unique ability to gain some incredible perspective from these amazing, successful individuals.  My hope for this series is that it will provide an inside look into the lives of a variety of fairly normal, or “average” if you will, individuals that just happen to be millionaires ..read more

This is part two of a series of interviews affectionately deemed “The Average Millionaire Interview Series” exclusively here on Live Off Dividends. Despite contrary belief, millionaires are real people who face adversity just like you and I. This interview series allows us the unique ability to gain some incredible perspective from these amazing, successful individuals.  My hope for this series is that it will provide an inside look into the lives of a variety of fairly normal, or “average” if you will, individuals that just happen to be millionaires ..read more

The first quarter of 2021 was great for my rental properties. Honestly, I have very little to complain about this quarter, things went great overall. Also, I finally closed on my 5th property and can not be happier to have that deal behind me. I have a friend whose father is thinking about selling his house sometime soon. He reached out to me and asked if I would be interested and I told him absolutely ..read more

Generally, parents will make every attempt to give their children a better life than they had. This can be seen in all aspects of life whether it be home life, education, general wellness and our focus today, financial. Children on the other hand, typically don’t care too much for finances until they reach adolescence. At which point, many children become more independent. They start to understand that things cost money and that they don’t have any ..read more

2021 seems to be looking up, in general. Vaccinations rates are up and things are beginning to open back up. I think we’re on the right track for things to be back to normal before too long. On my side of things, I had a great quarter financially. I finally closed on my fifth multi-family rental property at the end of February. My original “on or about” date was scheduled for October and we faced delay after delay ..read more

Disclosure: This post is sponsored by SMBX. As always, all opinions and ideas are entirely my own. I have recently been made aware of a pretty cool new investment opportunity. Very recently, actually. I haven’t even been able to start investing yet. I’m waiting for micro deposits to hit my back account so I can start purchasing. If this platform grows to what I believe it can, it could be huge and I figured I needed to share this with all of you sooner rather than later ..read more