imean, i was a very frugal person. Me and my wife were savers. We were investors. We always put lots and lots of money aside. And in that time, i bought six houses. Now these six houses are giving us rental income. So we took that cash from that 400 thousand one house in d c buys ten houses in montgomery, alabama. That's 200, forty thousand dollars per house. Whish? On one hand, it sounds like a lot. But on the other hand, when you frame it into the context of the year was 20 13, so you were 15 years deep into your career already with a history of living below your means
#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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