Freee-domm……

As expressed by the legendary thirteenth century Scottish hero, William Wallace, “Freeeeeedddddoooooommm…..!!!!” Yes. Freedom, indeed. Financial freedom speaking, that it…of my rental property. As of the 19th of November, I’m finally free of my home that was forced into a rental property back in 2009 when I couldn’t sell it because of my lack of funds and inability to sell in a down market. It truly was the bane of my financial existence. I bought it for $193,000 in 2007. In 2009, I had to move away from my home when it couldn’t sell, so I rented it out in November 2009 when

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Posted in Personal Finance, Real Estate

Shortcuts

Shortcuts. It seems like we all want to take them. All the time. But for good reason. I, mean, why put in the work to do something the hard, timely way when something promises that it can magically give us the same results? This is why the diet/exercise sector is a billion dollar industry. Because of shortcuts. I remember back in the year 2000 when the ab belt was a huge hit. It was on every infomercial. The ab belt promised a six-pack in your ab region as long as you put on the belt for 20 minutes daily. The

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Posted in Life, Motivation

Puerto Viejo to Bocas Del Toro Shuttle Experience

My fiancé and I spent this past summer in Costa Rica for two weeks. Our first week was spent volunteering in San Jose, Costa Rica, and our second week was spent in the town of  Puerto Viejo, Costa Rica. While in San Jose, I learned that the country of Panama was only a short distance from where we’d be staying in Puerto Viejo, so I wanted to take advantage of the opportunity to have another country stamp my Passport. Once I learned of the short distance, I consulted my fiancé and she agreed that we’d go in the middle of our week while

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Posted in Costa Rica, Panama

Hidden Treasures

It’s been quite some time since I blogged on this site. I assure you that I’ve been very busy. Instead of writing how busy I was on this site, I put that energy into additional projects. I created a project for my latest personal book, The Wealth Number: The Financial Solution to Pursuing the Job You’d Love, I’ve been working full-time at my day job, I’ve been spending lots of time with family, and I also started a new project in May, 2014. As far as The Wealth Number goes,  I wanted to create a website that was a compliment to my book. I wanted to write posts

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Posted in Life

Credit Card Churning Fail: How Not to Lose $500 Worth of Credit Card Rewards

If you’re going to attempt credit card churning (signing up for credit cards and spending the minimum amount necessary to reap the program’s reward), here’s a tip: Make sure you’re keeping up with your spending, even if you have to call the customer care center to make sure you’re on track. Quick story: I signed-up for the Chase Ink Bold credit card on March 16th, 2014 hoping to receive 50,000 bonus points 3 months later. This is when I was on my quest to become a travel writer and credit card slayer. All I had to do was spend $5,000

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Posted in Personal Finance

Taking Action May Increase Your Bottom Line by $40,000

On April 23rd, 2014, my current primary residence was listed on Realtor.com. On May 13th, 2014, my current primary residence went under contract. The initial offer was a $135,900 cash offer with a $2,000 earnest money deposit and no closing cost credits required. I was willing to accept it since it met my “numbers” criteria. Mainly, I would be walking away with at least $33k from the deal, tax-free, since it’s my primary residence. However, my unofficial real estate investment “adviser” suggested I counter the offer with $137, 500 with a required $5,000 earnest money deposit, in addition to getting

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Posted in Psychology, Real Estate

My Investment Property, After the Rehab

Finally. On April 9th, I first presented the investment property that I recently acquired. After a few hiccups trying to get financing on my own terms so as not to disrupt the closing date of May 13th, 2014, I settled on a hybrid option of using a personal loan and cash for this property. There are plenty of advantages for going this route. I wrote about some of them here. If I can help it, I’d never try to use a mortgage for an investment property again. A primary residence, sure. But my experience with Wells Fargo shows that an

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Posted in Personal Finance

One Morning You May Get Punched in the Face. Here’s Why:

A couple of weekends ago, a friend and I had a hilarious conversation about those of us who don’t know how to mind our own business. Or when we do mind our own business, it’s usually done at the wrong time, which is an inconvenience to others. For example, someone who “speaks-up” in an attempt to correct the person who cuts in line at a theme park will probably be the person who walks away from the opportunity to come to someone’s rescue if that someone is being harassed in the same line. In the former case, cutting in line affects them, while the harassment affects

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Posted in Psychology

Use a Personal Loan for Your Investment Property. Here’s Why:

Yesterday, I wrote about several ways that one can purchase an investment property without using a home mortgage. The post was written in response to Wells Fargo’s underwriting team that wanted to impose red tape on my investment property purchase. Instead of folding to their demands, I figured I’d try other ways to finance my investment property so I wouldn’t have to extend my closing date any more than I had already done. I went to my primary bank, USAA, and looked at all of their personal loan options. When I saw that USAA offered personal loans that could be

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Posted in Real Estate

Why You Should Buy An Investment Property Without a Mortgage

Should you buy an investment property without a mortgage? The answer is a resounding yes. This is what you should do instead, if you can. FOUR WAYS TO BUY AN INVESTMENT PROPERTY WITHOUT A MORTGAGE 1. Consider paying cash. If you don’t have the cash, then save until you can get the cash. 2. If you don’t have the cash, consider a personal loan from the bank. The interest rate will be much higher than a mortgage, but you’ll have to deal with less red tape when it comes to securing the property. 3.  If you don’t have the credit or income that would approve you

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Posted in Real Estate
Romeo Jeremiah is a personal finance blogger, entrepreneur, and the author of The Wealth Number, a personal finance & career transition book that gives its readers a step-by-step plan to financially prepare themselves to pursue a job they'd love.