Turning New Year's Resolutions into Reality: Finding an Investor-Friendly Agent | 2min snip from BiggerPockets Money Podcast

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498: Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!)

BiggerPockets Money Podcast

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CHAPTER

Turning New Year's Resolutions into Reality: Finding an Investor-Friendly Agent

Introduction to turning New Year's resolutions into reality by building wealth and making passive income, emphasizing the importance of finding an investor-friendly agent at BiggerPockets.com slash deals.

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Real estate investing is a popular path to financial freedom, but if you’re not careful, bad debt can get in the way. Before today’s guest could buy rental properties, she had to deal with the mountain of debt that stood between her and wealth. But thanks to aggressive saving and new money habits, she became debt-free in just TWO years!

Sarah King has been thrown several curveballs on her journey to financial independence. Just when she had managed to pay off $118,000 of debt and buy five properties, her marriage ended in a nasty divorce. Forced to liquidate her and her husband’s assets, Sarah was back at square one. Rather than giving up on her dream of reaching FIRE, she overcame her shaky financial situation and found creative ways to buy real estate. Within a few months, she was back on her feet, and today, she owns sixteen units across ten properties!

In this episode, Sarah offers some crucial advice for aspiring investors—including why you should get your financial house in order before buying properties, how to leverage your retirement accounts to buy more properties, and how to use private money (responsibly). You’ll even learn about house hacking—the real estate investing strategy Sarah uses to cover her mortgage payment each month!

In This Episode We Cover

How to reach financial freedom by investing in real estate

The three areas of your finances that will help you build wealth faster

How to pay off BAD debt as quickly as possible

Why you MUST get your financial house in order before buying properties

How to use private money to buy MORE real estate

Covering your mortgage payment with the house hacking strategy

And So Much More!

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Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

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