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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Climbing Out Of $1,000,000 of Debt to Achieve Financial Independence – with Wendy Mays


Being neck-deep in debt can make you feel like all the odds are stacked against you, especially when you reach almost the seven figures!

Today, Andy talks to Wendy Mays on how her family is climbing out of nearly $1,000,000 of student loans, home mortgages, car loans, and other consumer debt. Wendy is the host of the House of FI podcast, a part-time work-from-home lawyer and a mother to six children. 

We talk about how she and her husband accumulated their debt, the turning point that led them to fix their situation and their progress on their journey to financial independence so far. 

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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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How This Stay-at-Home Dad Makes $200,000 Per Year in Passive Income – with Sam Dogen

A lot of us have had this moment in our lives: we become parents and we want less time working and more time with family, but the income is just not there to support it. 

Today, we talk with someone who has developed enough passive income to spend less time on work and more time raising his son. Sam Dogen is the writer behind Financial Samurai, a blog and podcast dedicated to slicing through money’s mysteries.

He is a regular contributor to CNBC and he’s been featured in major publications like MarketWatch, Business Insider, and Forbes. When he’s not writing or talking about money, he likes coaching and playing tennis and enjoying delicious food in San Francisco with his wife and young son.

We dive deep into why he got into passive income, the methods he used to get started and his life as a stay at home Dad.

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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 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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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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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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How a Bad Day at Work Inspired Our Family’s Financial Independence Plan

In mid-2016, I had a pretty rough day at work.

My new manager called me into his office to inform me that there would be some changes with my position. A position that I had grown to enjoy. I was proud to have built a team of 3 based on some solid sales wins that I had lead during the previous three years.

It was an honor to see the growth there really. I would win a piece of business and someone would get a full-time job. And then another and then another … It was really cool. I liked the fact that when I worked hard and earned the company money, someone got a job. That made me feel good.

So when my manager told me that I would no longer be managing those three people anymore, I was pretty devastated. Furthermore, my role of leadership on those accounts was no longer required either. I wasn’t being fired or demoted. I was being shifted.

Looking back, I understand why management made these decisions. Overall, the move has been good for the company and I’ve been able to help with growth in other areas.

But that day when I got home from work, I was pretty bummed.

In fact, I was more than bummed. I was scared.

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