I purchased my first house in 2007 a few years after I started working — it was the cheapest house in a good neighborhood and all that I could afford at the time. When I moved for work a couple of years later, we decided to keep it and rent it out in case we ever moved back to that city. We did the same with the next house on a subsequent. That was my accidental start as a landlord.
It worked so well that we started saving and buying more houses as investment properties.
We now own a portfolio of seven single-family rentals and one commercial building (with a partner). This portfolio now produces $2,700 per month in passive income, and on the houses alone I’ve increased my equity by over $1 million with compounded annual growth rates north of 20% across the portfolio. I don’t say this to brag but to give you some insight into the power of the simple single-family rental to build wealth.
Of course, like with all investing, you need to know what you are doing as these results don’t happen by accident. To that end, I wanted to compile my best articles that teach important topics on how to build wealth with real estate.
Not sure how to get started? The first article walks through how and why to get started in real estate. The simple single-family rental can make you rich if you do it right:
Not sure where to go for good info on real estate? The second article lists out the resources I use and how I use them to increase my knowledge and then put it to practice finding undervalued houses that will build you wealth:
You Can Invest In Real Estate, Here’s How
Resources I use for investing in single-family rentals.
Not sure how to value single-family houses to ensure you are getting a good deal and increase your odds of making a successful investment? The third article walks you through the process I use to value single-family houses, which allows me to buy properties below appraisal value and generate equity on the day I buy:
Want To Be A Real Estate Investor?
Learn how to value a single-family rental house
It is not enough to find and buy a good property, you must also operate it well. The fourth article discusses three ways to improve your cash flow without raising the rent:
What Are 3 Insider Real Estate Tips Every Investor Needs To Know?
How to improve your cash flow without raising the rent.
Many people avoid real estate because it comes with tenants and headaches. These headaches, of course, are exactly why real estate can make you rich since you are solving problems for others. That being said, there are ways to manage properties and handle problems that will make your life as a landlord easier. The fifth article covers four common problems and how to best handle them:
The Ugly Truth About Real Estate Investing
4 common problems and how to handle them
When you put it all together, the simple single-family rental can generate returns of over 20% per year. The sixth article uses a real example and real numbers to walk you through how these returns are possible if you are a savvy investor:
How I Make 20% Returns On Single-Family Rentals
My last purchase and the 4 rules to success in real estate.
Investing is a team sport. No successful investor tries to do everything on their own. The seventh article explains how to build and manage your team to help boost your results:
Invest In Real Estate Like The Pros
How to build and leverage your team.
Beyond the simple single-family rental is the more complicated and rewarding world of commercial real estate. While buying and owning commercial real estate is not a great strategy for amateur investors, there are passive ways to invest in commercial real estate that allow you to reap the rewards without all the hassle and risk of doing it on your own. The eighth and final article is about how to passively invest in commercial real estate:
Real estate, even the pedestrian single-family rental, is a great way to build wealth. Before you get started, however, you need to understand how it works and how to avoid some of the common mistakes that new investors make. If you read through the articles above, you will be well on your way to finding success in real estate investing.
I’ve used real estate to boost my wealth-building journey, and you can do the same if you are willing to put in the effort to learn and practice.
Good luck investing!
After struggling to build wealth early in my career while following traditional financial advice, I set out on a path to learn about investing. Over a decade later, I’m financially secure and working towards full financial independence through real estate and the stock market. I have succeeded in building my financial ark to help me weather whatever storms may come.
I founded Building Arks to help busy professionals like you ignore mainstream advice and build real wealth.
Join me and build your ark today!
Learn more about me and why I started Building Arks here:
I have no affiliation with any sites listed, nor do I make money from any partners or recommendations in my articles. I am not a lawyer, accountant, or certified financial planner. All material is presented in good faith for informational purposes only based on my knowledge and experience. It is not intended to replace professional advice. You should always consult an expert before making any legal, tax, or financial decisions.