153: From $600k in Debt to 108 Single Family Rentals with Linda McKissack

Dec 17, 2015

Ask episode

Chapters

Transcript

Episode notes

On today’s episode of the BiggerPockets Podcast, we are excited to bring you an interview with a prolific investor (and author of one of the world’s biggest real estate books, HOLD: How to Find, Buy, and Rent Houses for Wealth), Linda McKissack! Linda currently owns 108 single family homes — but she didn’t start out that way. Learn how Linda discovered the power that real estate can have on a lifestyle and the mindset needed to make your dreams a reality. This show will blow you away with Linda’s honesty, integrity, and story of excellence. Don’t miss a second of it!

In This Episode We Cover:

Who Linda is and how she started investing with huge debt
The size of her portfolio
Why she dropped out of college to become an entrepreneur
How she bought property without money or good credit
A look at financing back in the ’80s
How to recession-proof your life
A discussion on speculation vs. investing
How every market is different
What her freedom number is
How to get deals by helping others build wealth
Partnerships and whether newbies should seek them out
Why freedom means having options
The importance of taking the next step and avoiding analysis paralysis
Linda’s formula for finding good deals
How to figure out the best criteria for you
What keeps her continuing to invest despite reaching her goals
Tips for forming a team
And SO much more!

Links from the Show

Books Mentioned in this Show

HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader
Brandon Turner’s The Book on Investing with No or Low Money Down
Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
The ONE Thing by Gary Keller and Jay Papasan
Building Wealth One House at a Time by John Schaub
The Millionaire Real Estate Investor by Gary Keller
The Book on Rental Property Investing by Brandon Turner

Tweetable Topics:

“If you do the right activities, the money shows up.” (Tweet This!)
“The more money you make, the more options you have and the more good things you can do.” (Tweet This!)

Connect with Linda

Learn more about your ad choices. Visit megaphone.fm/adchoices