Hey there, it’s Amelia! 👋 If you’ve been following my journey with the 11-unit apartment building, now's probably the moment you’ve been waiting for…how much I made on this deal. I’m breaking down the total profits, including cash flow, bonuses, and the final net profit from the sale. Spoiler alert: it was a big win! 💸 If you haven't read the previous emails in this series...you can catch up [here]! The Numbers Purchase Price: $495,000 Sale Price: $690,000 Equity Split: 60/40 (I got 40%) My...
3 months ago • 2 min read
Hey there, it’s Amelia again! 👋 Ready for round two? I’m diving right into the nitty-gritty of what happened after we closed on our 11-unit apartment building and the real lessons I learned along the way. Spoiler alert: things didn’t always go as planned. 😅 Grace and I always joke that real estate is frequently two steps forward, one step back...and the last 3.5 years with this property are no different! If you remember from last week’s email, I closed on the property in August 2021, and I...
3 months ago • 4 min read
Hey there, it’s Amelia with a much-anticipated update on the sale of my 11-unit apartment building! ✨ Over the next few weekly newsletters, I’m going to take you through my entire journey of acquiring, managing, and selling this property - and of course, the juicy details on just how much I made on this deal (I know that’s what you’re really here for! 😜). So grab your favorite drink, get comfy, and let’s dive in! ☕️ To really set the stage, I need to give you a little background on how this...
3 months ago • 3 min read
Hi Reader, Remember last week when I talked about the mistake of over-pricing rentals in hopes of making a bit more money? (If you missed that email, you can catch up here). Today, I wanted to follow up on that and give you some real numbers (because I know how much you all love those!). 💸 Plus I want to show you how you can learn from my mistakes. So let’s get back to it. My first and only (🤞) eviction happened from this exact over-pricing mistake. I listed a unit high in hopes to make an...
8 months ago • 2 min read
Hi Reader, Today I'm sharing the worst mistake I made self-managing. And I bet it’s not what you think. Grace here this week! 👩🏻👋 When I first started self-managing I made sure to soak up information like a sponge - so many BiggerPockets podcast episode & following other self-managers on Instagram and absorbing their tips and lessons learned and more. Because of this I was able to skip over the most common mistakes self managers make like… ⛔ Not having a robust property management system, and...
8 months ago • 2 min read
Hey there, Reader! Managing your rentals can sometimes feel like a juggling act, but it doesn’t have to be that way! 🎪 Here are three quick time hacks that will help you stay on top of your game as a self-managing landlord: 📅 Calendar Blocking: Your New Best Friend Set aside specific blocks of time each week for your landlord duties. Whether it’s handling maintenance requests, reviewing financials, or checking in with tenants, calendar blocking helps you stay organized and ensures that...
9 months ago • 1 min read
Hey Reader, Do you see people buying all these great off-market deals and wonder how the heck they're getting them?? You’re in luck because we are going to give you THREE secrets to finding off-market deals today. 🤩 It’s Grace here, back for our weekly newsletter! I’m so excited to get into it. But first, I’m not going to lie.. I think Amelia and I have been freaking KILLING this newsletter lately and pouring so much into giving you so much value. And I know because the responses from all of...
9 months ago • 2 min read
Hey Reader, Yesterday, I closed on my third seller financed triplex…all of which have been purchased from tired landlords. It’s kind of becoming my ~tHiNg~ By the way, it's Amelia here this week! 👋🏻👩🏻🦰 I know the topic of purchasing on terms (also known as creative financing) is intriguing, exciting, and maybe a bit confusing so I want to explain as many in’s and out’s of this deal as possible to help you better understand how a real-life seller finance deal looks. Here she is 🤩 Sourcing the...
9 months ago • 5 min read
Hi Reader, It’s Grace here! 👋🏻 Let's celebrate the weekend with me sharing the REAL numbers on my latest project. I’m going to give you all of the details on my most recent flip, which is my 7th flip of the year. I found this house from a wholesaler - yes you guessed it, the same wholesaler I may or may not be in the doghouse with! Just one year ago, I had hardly done any flipping. We had only ever sold one property and it was a DIY flip that my partner and I finished the day before we moved...
9 months ago • 2 min read
