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.

Continue reading “How I Bought 20 Rental Properties in Cash – with Rich Carey”

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.

Continue reading “How House Hacking Helped Me Pay Off My Mortgage Early – with Steven Donovan”

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:

Continue reading “14 Pros and Cons of Real Estate Investing”

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.

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

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.

Continue reading “Why BRRRR is the Hottest Real Estate Investment Strategy – with David Greene”

Why I’m Buying My First Rental Property in Cash

After paying off our mortgage in 2017, we have a lot more cash available to us as a family. We’ve used that extra dough to save up for our first rental property and we’re pumped to make it a reality this fall!

A big question that we’ve been struggling with is whether we should buy in cash or take out another mortgage. After much debate, we’ve decided it makes the most sense for us to go all cash.

Continue reading “Why I’m Buying My First Rental Property in Cash”

How Real Estate Helped This Multimillionaire Dad Build Wealth – with Doc G

Investing in real estate can feel intimidating when you’re just getting started. You hear stories of people who’ve amassed their wealth by investing in dozens or hundreds of rental properties. The prospect of owning so many properties can feel more stressful than hopeful.

Our guest today, Doc G, shares why we don’t need countless rentals to feel financially comfortable. As a physician, he’s been able to invest his day job income in just a few rentals that provide his family with consistent cash flow.

Continue reading “How Real Estate Helped This Multimillionaire Dad Build Wealth – with Doc G”

How This 25-Year Old Developed a $1.5 Million Multi-Family Real Estate Portfolio – with Joel Florek

My quest for rental property knowledge continues my friends. While Nicole and I continue to save up our money to buy our first rental, I figured I would speak with someone who’s had massive real estate success to keep me motivated.

Our guest today is Joel Florek. At 25 years old, he owns 31 units in both Michigan and Indiana. These properties provide him so much cash flow that recently he’s been able to leave his 9-5 job and pursue his passion for sailing and family.

Joel’s story of real estate success has been featured in BiggerPockets and on multiple 5-star rated podcasts. As a husband, father and Michigan native, I’m honored to have him on the show today.

Continue reading “How This 25-Year Old Developed a $1.5 Million Multi-Family Real Estate Portfolio – with Joel Florek”

How to Become a Millionaire in your 30’s – Interview 18 (Financial Gladiator)

Young millionaire status and financial independence can both be attained by building up your passive income through real estate and lowering your cost of living. That’s what has worked well for the blogger known as the Financial Gladiator!

By investing early and growing his portfolio, the Financial Gladiator achieved financial independence in his early 30’s and now enjoys life traveling the globe as a scuba instructor. Now, that’s the life!

Let’s learn how he did it!

Continue reading “How to Become a Millionaire in your 30’s – Interview 18 (Financial Gladiator)”

How to Become a Millionaire in your 30’s – Interview 15 (Mr. and Mrs. Planting our Pennies)

Who wants to become a young millionaire?

According to Mr. and Mrs. Planting our Pennies, becoming a young millionaire doesn’t require you to continuously climb the corporate ladder. They found good paying jobs that allowed them to have a solid work/life balance and they still achieved financial independence at a young age.

Let’s get inspired by this young couple to hit our financial goals and smile along the way.

Continue reading “How to Become a Millionaire in your 30’s – Interview 15 (Mr. and Mrs. Planting our Pennies)”