I'm living the path to financial success and sharing everything I learn in this blog. I believe in the power of cash flowing investments, due diligence and time. This is my journey so far.

Before 2016: Just living my life, working full time and trying to get by.

2016: Kate and I start to discuss the possibility of getting into real estate investment. We read books like Rich Dad Poor Dad and listen to the Bigger Pockets Podcast. We find a Realtor and start looking at property. We even make an offer or two, but nothing happens.

2017: Kate and I continue looking for property. We meet with banks and find lenders willing to work with us. In one month (August), we turn our basement into an Airbnb and list it AND we purchase our first long term rental property, which is a triplex. We can't find good tenants for our triplex.

2018: In April, we finally get our first tenant in the triplex, our second in June and get it fully rented in July. Our basement Airbnb makes so much money that in September we decided to buy another property to exclusively rent out on Airbnb. It makes us even more money than the first one!

2019: Kate decides we should put together a mastermind group. So we get in touch with people we know who care about money and start sharing knowledge with each other. Our triplex is profitable, but our two Airbnb properties are making way more money, so we buy another property to put up on Airbnb and VRBO.

2020: Coronavirus hits in March and all the guests booked at our Airbnb properties cancel. We freak out, but after a few weeks everything comes back and we're making money again. Discussion and research from the mastermind group makes me want to investigate online business as an investment strategy. Kate and I started Unbound Investor with plans to purchase a website in 2021.

OK you're all caught up!

I learned everything I know from books, podcasts, conversations with friends and family and of course through real world experience as a cash flow investor. And I'm always pushing to learn more.

  • Uncategorized

    How Much Cash Flow Do I Need to Retire?

    If you want to retire, you’re going need enough cash flow to cover all the expenses in your life. So in order to determine exactly how much cash flow you need you’ll need to do an extensive and in-depth analysis of your personal finances. It’s your job to comb through your bank statements, credit card statements, cash transactions and all records of your spending to determine exactly how much money you spend in a month (or a year). Your monthly (or yearly) cash flow will need to equal or surpass that amount before you can safely retire. Your Minimum Requirement is Net Zero Cash Flow Cash flow is literally just the amount of cash flowing into your bank account minus the cash flowing out of your bank account. The absolute minimum you need to retire is net zero cash flow…

  • Uncategorized

    Best Luggage Racks for Your Airbnb Guests

    Most of your Airbnb guests will be living out of their suitcase while they stay with you. If they are forced to keep their suitcase on the ground then that will be a real inconvenience for your guests. This is why we keep luggage racks in all our Airbnbs. Choosing the best luggage rack for your space isn’t rocket science, but there are a few things I like to keep in mind when we buy one for a new listing. Do you need a luggage rack? The truth is that a luggage rack is not one of the most important decisions you will make as a host. Your beds, amenities and interior design are all far more important. Luggage racks are just one of those nice to have items that can make your guests more comfortable, or make your place…

  • Borrowing,  Financial Freedom,  Making Money

    How to Double Your Money in a Year

    If you could double $1,000 every year for 10 years, you’d be a millionaire. Doubling your money in a year is something that sounds easy when you say it out loud, but when you realize that this means you would have to get a 100% return on your money it doesn’t sound as easy. If you put your money in the stock market, you’ll be lucky to get 20% on that investment in a year. So how on Earth could a person invest their money and have a pretty high confidence that they’ll double their money in a year or less? I’m in the process of attempting to double a $100,000 investment and I’ll tell you exactly how I plan to do it in about 9 months. Plus I’ve got a few other ideas to share with you. These aren’t…

  • Planning

    Best Deadbolts for Smooth Airbnb Check Ins

    Choosing the wrong deadbolt can have major consequences for an Airbnb host. One of the worst experiences you can have as a host is guests that are locked outside your house. I know this from experience. Your check in process should be simple enough for every guest to understand. The best deadbolt for your Airbnb is one that integrates perfectly into your check in process and is easy for guests to use. You don’t have to spend a fortune on a deadbolt lock to have a great check in experience for your guests. But some of the features of the cutting edge locks today maintain that smooth guest experience while also adding huge benefits to you as the host. Best Airbnb Check In Options In the new post-pandemic world you should be letting your guests check themselves in. Your guests…

  • Planning

    Best Airbnb Pillows for Sleeping and Decorating

    There are two kinds of pillows we stock in our Airbnbs: pillows for sleeping and pillows for design. The best sleeping pillows Kate and I have used are the Downluxe down alternative pillows for sleeping. And the best design pillows are completely dependent on the look and feel of your home. I’m going to recall some of our lessons learned and share some of the products we’ve used and others that we are looking to buy when we open our next Airbnb. Pillow-related Lessons Learned From Our Airbnbs Pillows are one of those things that you just seem to need a lot of as an Airbnb host. We put pillows on our couches, and of course pillows on our beds, but we also use decorative pillows on our beds to make our homes feel more luxurious. We usually have two…

  • Cash Flow,  Financial Freedom,  Making Money

    How To Get 30 Percent ROI On Your Investments

    Yes it is possible to consistently get 30% ROI on your investments, but it’s not possible through your typical methods of investing. In the five years since I’ve started investing seriously, I’ve seen that returns of nearly 30% are possible in real estate. And we’ve achieved that mostly through investing in Airbnbs. I also have investor friends who have seen returns even far greater than 30% through purchasing businesses. So let’s look at the two repeatable ways I’ve seen investors get 30% ROI or better, and maybe some examples of other huge returns that may not be as repeatable. Can You Consistently Get 30% in the Stock Market? For someone to get 30% ROI over a long period of time in the stock market is truly exceptional. Many consider Warren Buffet to be the greatest investor who ever lived, and…

  • Uncategorized

    The Reigning Best Thermostat For Airbnb Hosts

    The best thermostat for your Airbnb has the same characteristics of other great appliances. It’s easy to use and hard to break. But lots of thermostats have these two characteristics. We’ve started using the Nest thermostat because not only is it easy to use and hard to break, but it helps us save on our utility bills, and we can watch and even control it from the comfort of our own home. The peace of mind of knowing what’s going on in our listings when a guest is there is worth the higher price tag of the Nest. If you don’t need that peace of mind, then I’ll argue that you should go for a low cost thermostat with an easy to use interface. Does You Thermostat Even Matter? Yes, and no. Your thermostat must work and it must be…

  • Planning

    The Best Lock Box For Airbnb Check-In

    A lock box is one of the best systems for checking in guests at your Airbnb. I’ve been storing physical keys in a lock box on the premises of our listings for several years now with great success. We use our lock boxes as a backup to our primary check in process, but they’ve been hugely important in guaranteeing a great check in for every guest. Today, I’ll share with you the lock box we use, and one lower priced alternative. So let’s get to it. Two Uses For a Lock Box I think there’s a good argument that every Airbnb should have a lock box on site. If you’ve stayed in many short term rentals while traveling, then you’ve likely gained access to your accommodations using a lock box a few times. One of the challenges of hosting is…

  • Uncategorized

    How To Persevere in Blogging: Article 100

    I wouldn’t call my life a big raging success, but I’ve set out to do lots things and I’ve achieved some of them. This is the 100th article published on Unbound Investor, so I’m going to spend the rest of this essay pretending like I know something about blogging and perseverance. I’m not sure what I’m trying to say in this article, I just wanted to reflect on what it took to get to 100. Here are some of my random thoughts and lessons: New bloggers spend a long time writing to nobody 10 articles is more than it sounds like Keyword research is super important It’s much easier to write what you already know than it is to write about something you need to learn Making your first dollar online is super exciting, but your second dollar is not…

  • Cash Flow,  Making Money

    The Three Rules Anyone Can Use To Save Money

    An argument could be made that there is really only one way to save money, by spending less than you currently spend. However, I don’t think this observation is particularly helpful. It’s quite easy to come up with examples of money saving habits, but each example only applies to some, not all. I wanted to come up with a few generic rules that can be applied to everyone. Here’s my attempt at creating the three rules that anyone can use to save money. Budget Reduce recurring expenses Rework your debt Before we get started, let’s set up an example that we can reference throughout the article. Here’s your imaginary finances: Income: $2,000 per month Mortgage: $700 per month Student loan: $400 per month Rule #1: Budget (of any kind) First and foremost, a person must have an awareness of what…