When my wife and I bought our first investment property over 10 yrs ago, I regularly saw my friends holding back from investing in real estate. Whether they had little money or didn’t know where to start, the result was the same – they were not actively trying to grow their wealth. Most people I…
I never wanted to be a ‘renter’, but rather a homeowner and landlord. I graduated college in June 1993 and purchased my first home in January 1994. Since January 1994, I’ve always been a homeowner and landlord building wealth through owning real estate for the past 21 years. I always wanted a long-term relationship with…
It was January 2014 and my doctor scolded me for high cholesterol (250), being 20 pounds overweight, and threatened to put me on cholesterol medicine. I knew I needed to change my lifestyle habits. I cut back on red meat and sweets, got a personal trainer, started taking omega-3 daily, and began working out 3-4…
If you’re planning to list your home for sale, it’s time to tackle all the necessary repairs. These repairs can save you money in the long run — money spent on improvements now will be far less than the cost of that first price reduction if your house sits on the market. When my wife…
Financial discipline is key to financial freedom. It’s not what you make, but rather what you do with what you bring home. Whether you’re a parent with two kids or a recent college grad working your first job, our 20/30/50 guideline can help you assess your budget to work towards owning anything! It’s an easy…
When my wife and I bought our first home in 1994, our PITI (Principle, Interest, Taxes, and Insurance) was about 30% of our gross monthly income, well within the lending Debt-to-Income ratio. However, it’s important to understand not just what the maximum is you can afford and qualify for, but also making sure you enjoy…
There’s a season for everything — including real estate. When my wife and I sold our first home in 2000, we lucked out and decided to list our home in June. Our first child was 6 months old and we were ready for a bigger home, but had no idea that summer was one of…
You’ve made the decision: You’re going to sell your home. Now you’re probably wondering Where do I go from here? Start putting fresh paint on the walls? Panic? Don’t stress: Mile27 is here to help. Unfortunately, when my wife and I sold our first home in 2000, we didn’t know where to start or how to…
When I was in High School, I can remember telling myself that I never wanted to be a renter, I wanted to be the homeowner and landlord. I never wanted a long-term relationship with a landlord, but rather a mortgage broker. Building wealth through real estate was something I could always see myself doing vs….
Summer officially begins on June 20th this year, but why wait until then to get into the summer spirit? Get a jump-start by prepping your home for warm weather so you can enjoy your summer to the fullest and hopefully save money and get the most out of your real estate investment! Keep an eye…
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