Real Estate Investing with Coach Carson #301: How to Pay Off Rental Debt in 5 Years (A Case Study)
Episode #301 - Debt is not a religion, it's a tool. Once you're done using those tools, it's time to put them into the tool box. I'll share powerful strategies to reduce risk and increase income, keeping things simple and measurable along the way.
📑 COMPANION ARTICLE/SHOW NOTES: https://www.coachcarson.com/payoffrentaldebt/
🔗 LINKS:
- 4 Reasons to Pay Off Debt on Your Rental Properties: https://youtu.be/GDzRZgwr2Ds
- My new book! https://Biggerpockets.com/smallandmighty
🎬 TIMESTAMPS:
0:00 - Pay off in 5 years
1:27 - Reduce your risk
3:05 - Increase your income
3:58 - Being simple
6:40 - How to measure progress
14:26 - Strategic refinancing
20:06 - Pay cash
22:27 - Debt snowball
26:22 - Buy more than you need
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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:
- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine
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💰CREATIVE FINANCING COURSE🏘️
Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork! coachcarson.com/creativefinancing
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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast
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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1
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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit
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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook
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