SheReadyLLC

Diversifying My Real Estate Portfolio

Arrived Homes

I am always looking for ways to increase my business revenue even if it’s just a few dollars because at the end of the day, all those small amounts over time add up and contribute to make a greater impact.

Recently, I was looking for another way to reinvest some of my profits back into the business and I came across an ad for a company called Arrived Homes.

Arrived Homes is a company that buys single family homes and sells shares of the homes to the public for a quarterly dividend.

Of course, I had to research the company to see if anyone else had dealt with the company and I wanted to know their feedback and opinion.

To my surprise, I found a YouTuber who had a video reviewing the company and giving her thoughts and actually showing her account and describing in detail how the company works.

After watching her video, I saw another video with very similar content. Now, I don’t know about you, but I feel like if I heard the same thing twice from people who do not appear to run in the same circle, I believe information to be somewhat true.

So, off I went to create an account in late September and I invested in 500 shares of a property that was waiting to be rented. I knew dividends were supposed to be paid out quarterly, but I had no idea that I would be receiving my portion only having invested a few weeks before dividends were to be released. That was a nice surprise.

So how much return did I receive from this $500 investment? I received $2.50 deposited directly into my account. Now, some people might think that’s not good, but when you think about how much interest a bank would pay you for having $500 in a savings account; this is Awesome!

I didn’t do any hard work and yet I’m making a small passive income. To me this is a win-win situation and I will definitely be investing again.

SheReadyLLC

Is Your Rental Cash Flowing?

There is a lot of real estate vocabulary that don’t always make sense at first. I know a lot of words didn’t make sense to me until I actually went through the process of acquiring my first rental property.

Of all the real estate investing language, the words that I heard the most is CASH FLOW and to me, that meant it was the most important so I did some research to learn more about it.

Cash Flow is the money left over after all expenses have been paid. Consider it to be your TAKE HOME PAY or NET PAY.

So, how do you determine if your property is CASH FLOWING or not. I’m going to do the math on my own rental property to see if it’s cash flowing or not.

  • Monthly Rental Income = $750
  • Mortgage = $0 (yes, I don’t have a mortgage on this property)
  • Property Taxes = $49.73 (I took my last property tax bill amount and divided that number by 12)
  • Property Insurance = $63.67(My monthly insurance bill)
  • Property Management Fees = $75 (This is 10% of the rental income)
  • Vacancy Reserves = $37.50 (This is 5% of the rental income)
  • Repair Reserves = $75 (This is 10% of the rental income)

After I add all of my expenses, I have a total of 300.90 paid monthly in expenses.

Then, I take $750 and subtract $300.90. The formula looks like this $750-$300.90.

The amount left over is $449.10.

Yes, my property is CASH FLOWING!

SheReadyLLC

Ten Books That Will Help You Get Started In Real Estate

A book is the main resource newbie real estate investor and some Veteran real estate investors have access to that guides us with our real estate ventures.

People have been writing books about real estate for years. I’ve been reading books since before I started my real estate journey.

The following books have been great resources to me and I still reference them sometimes. Most of these books, I’ve listened to on Audible. I’ve compiled a list of my favorite books.

  • Rich Dad Poor Dad – Robert Kiyosaki
  • Rise – Cara Brookins
  • How Come This Idiot’s Rich And I’m Not – Robert Shemin
  • Retire Early With Real Estate – Chad Carson
  • Investing In Real Estate with Low Or No Money Down – Brandon Turner
  • Millionaire By Thirty – Douglas Andrew, Emron Andrew and Aaron Andrew
  • Real Estate Investing Secrets – Cliff Turner and Brandon Haby
  • Long Distance Real Estate Investing – David Greene
  • The Automatic Millionaire Homeowner – Gavin Hammon
  • Lifeonaire – Steve Cook

I know there are a lot more books that I haven’t read or listened to yet, but I’m always looking for recommendations.

If you have read any of the books that I listed, I’d love to know your thoughts on them and if they helped you move forward with your real estate ventures.

If you haven’t read any of these books or you have recommendations, leave me a comment and let me know.

SheReadyLLC

Why Am I Sharing My Journey???

The word “WHY” always comes up when someone starts a new journey and adventure. The “WHY” can be one thing or many things. I asked myself why did I get into real estate investing many times. Other people have asked me why I got into real estate. It’s funny, yet interesting to me how one word helps define your reason for continuing to do something and push forward through trials and tribulations.

Everyone has a story to tell. We all have different experiences in life and we all handle situations and challenges differently. I am no different from anyone else and I don’t see myself as being more special or more privileged than anyone else.

I’m sharing my journey because it helps me learn from my mistakes and I hope someone else will learn from my mistakes and make better decisions. I enjoy sharing what I know and what I’ve learned with others.

If you have recently started a new journey or set a new goal for yourself, I’d love to hear about it. What is your “WHY” and what do you do when you get stuck or feel like giving up.

Leave me a comment or email.