If you are a beginner, what i urge you is to not be frustrated or impatient with what seems like very slow progress. This is the concept of the fly wheel spinning faster and aster. And that's true both in the traditional stock market as well as in rental properties. Eventually, your fly wheel is spinning fast that your houses start buying houses. Your investments are self propagating. When that happens, you've really won the game.
#339: Have you ever thought, “I’d like to invest in rental real estate but there are no cheap properties in my area!”
“Homes in my city are too expensive. I’d have to invest out-of-state, but that sounds terrifying.”
Or have you ever thought, “I’m curious about real estate but I’m not a fan of the idea of taking on all that debt.”
Today’s interview is right up your alley. We talk to Rich Carey, who bought 20 single-family rental properties in Alabama, totally debt-free, while stationed in Germany and South Korea.
He invested not just out-of-state, but entirely from outside the country.
He bought his properties free-and-clear. And he did it on a military salary while raising two kids.
This interview originally aired in June 2018. Enjoy!
For more information, visit the show notes at https://affordanything.com/episode339
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