Worried you’ll never be able to buy rental properties because you’re “bad” with money? Today’s guest was in the same boat until a much-needed mindset shift set her on the path towards financial freedom. Since then, she has built a debt-free, 45-property portfolio that gives her more than enough cash flow to live on!
Welcome back to the Real Estate Rookie podcast! Liz Carroll didn’t always have a healthy relationship with money. In college, she would ask her parents to bail her out of credit card debt and have her fiancé cover her car repairs. But one day, something clicked, and Liz realized she needed to take back control of her money. Her ultimate goal? Financial independence—and real estate investing would be how she achieved it. But rather than overleveraging herself, Liz worked hard, saved, and bought properties with minimal debt—paying them off as soon as possible!
In this episode, Liz breaks down her very first deal, a $13,000 property (really!) that gave her the confidence to scale her real estate portfolio. She also talks about niching down and the exit strategy that’s allowing her to offload her properties, one by one, while helping her tenants achieve the dream of homeownership!
In This Episode We Cover
How Liz and her husband built a portfolio of paid-off rental properties
Building and scaling a rental portfolio while working nine to five
How to reframe the way you think about money so you can start investing
Paying off your mortgage (early) to fast-track your investing goals
Why living below your means is a non-negotiable for financial freedom
Streamlining your business by refining your buy box and niching down
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-647
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