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!
Links from the Show
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Podcast Talent Search!
Money Moment
From Toxic-Marriage to Financially Independent Mom with 13 Units
How to Achieve Financial Freedom Through Real Estate in 4 Steps
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-498
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