i don't get along with most people who talk about real estate, because i visited those websites and i've listened to those pod casts, and they're a huge turn off. And that's why i think we could talk about this too, because it's an obvious thing that i think listeners might be thinking about. Some peoplel have equity in their homes because maybe they live in seattle, and maybe they bought at the right time four years ago. It's like, oh my gosh. You know, now i have 500 thousand dollars equity in and my house in seattle. So do it. While the ideais tempting of becoming a real estate guroo and all that,
#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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