3 Real Estate Investing Strategies for Minimalists

For years now, my wife and I have been sitting on the sidelines of real estate investing. We’ve been watching people grow their wealth, expand their portfolio and grow their passive income. 

We have the money to jump into the single-family rental property game. In fact, we saved up over $100,000 over the past few years to buy our first property in cash. 

Our family is convinced that owning rental properties would help us build wealth and we’re financially prepared to do it. But still, we sit waiting and waiting to make it become a reality. 

I didn’t realize the reason until recently … We’re strapped for time and we have a deep desire to maintain a minimalist lifestyle. 

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Roofstock Review (2020): Single-Family Real Estate Investing Just Got Easier

Buying rental property can get you a great return on your money. But did you know that owning rental property doesn’t have to include 4 a.m. calls from your tenants saying the furnace quit working? 

It’s true! There is a better way, where getting started in real estate includes a certified property manager with experience in the local area.

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I completed Dave Ramsey’s Baby Steps. Should I now invest in real estate or the stock market?

Our first question of the month comes in from Christie from Cincinnati:  


Andy,

I love the podcast. I have two questions.

How long have you been on Dave Ramsey’s Baby Step 7?

We are on Baby Step 7 with 1 paid-for rental. We are considering selling the rental property and just investing in a mutual fund instead. 

I know you keep talking about buying a rental, but after 8-10 years we are finding it really isn’t making as much money as we think the stock market could. And we won’t have to worry about tenants calling with a problem. 

What are your thoughts? 

Christie

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How We Paid Off Our Mortgage Early By Living On One Income – with Tracey Sherman-Falcon

For this month’s Mortgage Freedom series, I caught up with Tracey Sherman-Falcon from Aurora, IL. She and her husband Gandi Falcon just paid off their mortgage!

They are so thrilled with the emotional benefit of paying off their mortgage early that they are ready to pay off their rental properties as well.

As a truck driver and a food truck owner, Tracey and her husband Gandi paid off their mortgage early on a household income of less than $100,000 per year.

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How to Make Long-Distance Real Estate Investing Easy – with Zach Evanish from Roofstock

For our Fintech Spotlight segment this month, we are featuring our sponsor Roofstock. A company that makes investing in single-family rental properties radically simple.

I’ve invited the Director of Retail at Roofstock, Zach Evanish to tell us a little bit more about this online real estate marketplace and how it’s helping new and seasoned investors build wealth. We’re also going to discuss long-distance real estate investing and why it’s not as scary as it sounds.

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How I Bought 20 Rental Properties in Cash – with Rich Carey

Some people choose to take out loans to buy their rental properties and others choose to pay cash. Today, we’re going to explore why you might want to consider buying in cash and how to do it.

I’ve invited someone on the show who owns 20 rental properties free and clear. No mortgage, no debt, and he doesn’t owe a dime to anyone.

Rich Carey is my guest today. He’s married, has two children, and currently serves in the military. He has a passion for real estate investing and teaching others how to pursue financial independence. His story of investing success has been featured in Bigger Pockets, MarketWatch and Business Insider.

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How House Hacking Helped Me Pay Off My Mortgage Early – with Steven Donovan

On our Mortgage Freedom series today we’re going to introduce someone who paid off their mortgage through house hacking. What is house hacking you might ask? Well, we’re going to learn more about that today.

Steven Donovan is our guest today. Steven is a money coach and his financial advice and his inspirational story have been featured in GO Banking Rates, Bigger Pockets, and Rockstar Finance.

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14 Pros and Cons of Real Estate Investing

Lately, I’ve been sharing our family’s interest in buying our first rental property. I’ve written articles, done at least a dozen podcast interviews on the subject and I’ve even looked at some houses with my wife Nicole. 

I’ve learned 1% rule, the 50% rule and how to analyze a deal. It’s been fun! 

During this whole time, I’ve been asking for people’s feedback, experience, and advice because I’m a complete newbie with real estate investing. 

One person who reached out to me recently was my friend Deniz. He shared his difficulty with real estate investing over the past 13 years. He’s had tenant issues, rent competition and overall, it’s been difficult as he’s moved out of DC and into the suburbs as a new father.

Our conversation made me want to get more perspectives, pros and cons of real estate investing. We’re considering making a $100,000+ investment. I want to make sure our family is making a smart move.

With that said, here are 13 additional pros and cons from former and current real estate investors:

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Creating a 5-Hour School Week Through Real Estate Investing – with Kaleena and Aaron Amuchastegui

Homeschooling is the practice of educating kids at home or out in the world instead of traditional schooling. While the concept might be different or even radical for some, it’s on the rise. Since 2012, homeschooling has grown consistently by 3-8% per year.

So what’s the appeal for parents and for kids?

Well, that’s what we’re going to find out today!

Aaron and Kaleena Amuchastegui are parents of 4 and the authors of the Amazon Best Seller, “The 5 Hour School Week: An Inspirational Guide to Leaving the Classroom to Embrace Learning in a Way You Never Imagined”.

They crafted this book in the midst of their family’s journey into homeschooling and today we’re going to learn more about how and why they went this route for their family.

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Why BRRRR is the Hottest Real Estate Investment Strategy – with David Greene

As Nicole and I save up for our first rental property, I’m trying to look at all angles before we proceed. We’ve talked about taking out a mortgage again. We’ve talked about saving up to buy all in cash. One method that’s super intriguing for us is the BRRRR Method of real estate investing. We’re going to discuss what that is and how it works today.

And the man that’s going to enlighten us to the magical ways of the BRRRR is David Greene. He is the co-host of the BiggerPockets Podcast, a top producing real estate agent in Northern California and the author of the new book called BRRRR: Buy, Rehab, Rent, Refinance and Repeat.

Today, we’re going to learn why he thinks BRRRR is the hottest strategy in the real estate world.

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