At the start of August we bought this 7 unit building. It came with 3 of the units rented out, 2 of the units being vacated by a previous tenant, and 2 units filled with stuff from previous tenants. Fun. How do you eat an Elephant? One bite at a …
This summer we were not going to rehab any houses. We even planned to not buy anything for the next 24 months to allow our balance sheet and cash position to strengthen. We did have a couple situational exceptions for this and this house was one of those exceptions. In …
What is a Land value tax and what is Georgism? In a nutshell a man named Henry George proposed replacing all other taxation with a tax on the value of land. No income taxes, no excise taxes, no capital gains taxes, no sales taxes. Only tax on the value of …
Last month I closed on a 7 unit, 7,000 square foot commercial building for $36,100. That’s right. I paid less than half what 2 bedroom 1 bath houses in rough shape are selling for in the same neighborhood. This is $5,157 per unit. If I subtract my expected value of …