Andleso money makes hi money, exactly. The magic of compounding houses is the snowball effect when it comes to cash flow from houses. Once you have 20 houses paid off, the income from those 20 houses, we'll buy a 20 first house in five or six months a that's like, really fast. Now i'm buying two houses a year, just from the cash flow from the houses that already exist. I feel like i'm hitting that expedential growth right now where i can leave it alone and let it grow on its own and do very well. After tax my military retirement ill be about 34 a hundred a month. So if i live frugally, or find
#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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