Paying Off $100K in Debt w/ 3 Rentals and THIS Low-Money Tactic

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Could rental properties help you switch careers, replace your W2 income, or get out of debt? According to today’s guest, yes! Once Dave learned of the flexibility that real estate investing could offer, he left his established career behind and never turned back!
Welcome back to the “Real Estate Rookie” podcast! Dave Williams and his wife were working as traveling physical therapists when they determined that their careers wouldn’t support the lifestyle they wanted. So, they turned to real estate and adopted an amazing strategy-one that allows them to buy a house every few years with low money down before eventually moving out and converting it into a long-term rental. By repeating this strategy, they have been able to build a small, local portfolio with cash-flowing, appreciating properties!
In this episode, Dave talks about the value of 2-1 buydowns and the one question you must ask before starting any home renovation project. Looking for a market to invest in? He even shares a list of the BEST neighborhoods in the greater Denver area. But like any investor, Dave has had a few horror stories as well. Stick around to hear how one of his rentals flooded not once, not twice, but THREE times!
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Join the Real Estate Rookie Facebook Group:
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Wiping Out $130K of Debt in ONE Year With THIS “Steady” Real Estate Business:
www.biggerpockets.com/blog/ro...
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From $40K Debt to 4 Doors and Six-Figure Net Worth (In 1 Year!):
www.biggerpockets.com/blog/ro...
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Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!):
www.biggerpockets.com/blog/mo...
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Connect with Dave:
BiggerPockets: www.biggerpockets.com/users/h...
Facebook: search/top?q...
Instagram: @homeswithdave or / homeswithdave
LinkedIn: / homeswithdave
Website: homeswithdave.kw.com/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie

Опубликовано:

11 мар 2024

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Комментарии : 15

@Virgorilla 3 месяца назад

I'm working at my first property now and I hope everything goes well.

@OscarGonzalez-mi4je 3 месяца назад

I also did the same just got my first house and I have a lot of challenges but the harder it gets the more I want to learn and get better at this life style. Hard but pays off. Thanks for all your knowledge share in your podcast guys

@richardjudge2322 3 месяца назад

Thank You Tony and Ashley!

@melinda858 3 месяца назад

Colorado Springs, Black Forest area and west of Colorado spring’s in the mountains , Castle rock , Monument. There are way nicer safer area’s then the Denver metro area! Denver homeless pop is out of control! It’s the #1 in auto theft in the nation ! Thanks for sharing your story!😊

@FinancialfitDiva 3 месяца назад

Dang! Does she really have to call her tenant out like that on the radio? Part of this business is customer service and you never want to embarrass someone like that.

@garybucher6824 3 месяца назад

He's going to regret buying that house.Putting the vapor barrier on the inside wall, just trapped the water inside the center blocks and sooner.Or later they will deteriorate and help will be rebuilding the walls.

@liveyourlife318 14 дней назад

U can TELL....SHE WAS SCARE TO TALK ABOUT THIS TOPIC😮😮

@patrickg8461 3 месяца назад

Shoutout from Denver. I househack in East morrison. And yes we do have 811.

@WallaceMaliaCortaija 2 месяца назад

How many persons have an EIN or LLC and active bank to receive funds

@themultifamilywealthpodcast 3 месяца назад

Brilliant episode! Transitioning from high work hours to real estate investments creates time and and financial stability. For those keen on multifamily investing, our channel is a treasure trove of actionable advice and success stories.

@zeekflash6924 3 месяца назад

2k cashflow for all 3 properties?

@jackhenderson4784 3 месяца назад

Yes, he is a house hacker so he’s probably put almost no money down on these houses….2000 is rlly good

@tylergherman 19 дней назад

That basement is never going to be free of water. Just sinking more money into a lost cause. Not knowing where the water shutoff is before digging ... Hosts need to call people out a little more when they're making obvious, obvious mistakes and still don't realize it.