BTM158: A House Hacking Guide To Become Debt Free with Shawn Rea
This episode will highlight how today’s guest – real estate investor, Shawn Rea, went from 25K in debt to a 6M portfolio in just a few short years. He did all of this by first using the house hacking investment strategy and the the brrrr strategy (buy, rehab, rent, refinance, repeat).
If you’ve needed a strategy to extinguish your debt once and for all while getting your feet wet in real estate in one of the most powerful ways possible then this episode is for you.
Links Mentioned in Today’s Episode:
BTM63: Triple Case Study A to Z
Recommended Book:
The Millionaire Fastlane by Mj DeMarco
Listen to this books for free with Audible!
Lifestyle Design App:
BTM 124: Pay Off Debt Or Invest In Real Estate with Sam Kwak
Immigrated from South Korea in 1999, the Kwak family only had $2000 cash in hand and a small 1 bedroom apartment in Albany Park area in Chicago. Today, Sam and Daniel have scaled to 75 units and are helping others to get involved in the industry!
On today’s show Sam and I discuss the thought process surrounding debt and real estate. Most people believe that it proper to pay off debt before they consider investing in real estate, but is this true? Find out on today’s show.
Key Points From This Episode:
- What phantom appreciation is
- Should you invest or pay debt?
- The coming recession and what to do about it
- Do banks have the power to call your loan due?
- Sam’s first 3 years getting 0 deals done
- How to be worth 1 million dollars
- What the debt acceleration method is
- Sam’s vision for North Korea
Links Mentioned in Today’s Episode:
Recommended Book:
Rich Dad Poor Dad by Robert Kiyosaki
Listen to this books for free!
Lifestyle Design App:
BTM 31: 6 Reasons Why You Should Purchase Your 1st Investment Property in 2018
For those of you who feel unfulfilled by your job, wish you had more time to pursue your interests, and had more financial freedom, investing in real estate can be your ticket to that lifestyle…
On this episode of Before the Millions Podcast, I’ve elaborated on the Top 6 Reasons Why You Should Purchase Your First Property in 2018. I know that a lot of you have questions and concerns about your investment strategy and if Real Estate is as good as we claim – In this episode I will cover it all in detail!
Top 6 Reasons:
- Power of Leverage
- Tenants are Footing the Bill
- Monthly Excessive Cashflow
- Appreciation and Forced Appreciation
- The Business of Investment Property
- Everyone Will Always Need Somewhere to Live
Links
- Sign up for a 1 Hour Coaching Call with Daray
- Read Before the Millions Host Daray Olaleye 27th Birthday Surprise: Journey to Success
- Join the Before the Millions group on Facebook
- Two Free Audiobooks with Audible
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BTM 03: How to achieve 1,000,000 Blog Page Views with Lauren Bowling
Our guest on today’s show is Lauren Bowling. Lauren is the award-winning blogger and editor behind FinancialBestLife.com and author of The Millennial Homeowner: A Guide to Successfully Navigating Your First Home Purchase. She has been blogging since 2012, and is now a recognized thought leader on millennial finances and first-time homeownership. Lauren achieved over a million page views in just a few short years on her blog after quitting her job at a hedge fund. She currently works full-time on her online businesses and in real estate.
In today’s episode, Lauren walks us through her journey from start to present, and how she went from aspiring actress to well known author. She has been featured in publications such as Forbes, US News and the Huffington Post. Financial Best Life is the personal finance destination for people who think “outside the box” when it comes to their money. Instead of simply telling you how to budget, spend, and save, instead the goal is to talk about your dreams and how money can be used as a tool to help you live out your “best life.”
Key Points From This Episode:
- Lauren shares with us how she got started on her journey and what she is working on today.
- Hear how Lauren’s shopping addiction and debt led her to starting her blog on finance.
- Understand how Lauren used the 50/30/20 method to help her pay off her $10k college debt.
- Find out what Lauren did as a side hustle in order for her to pay off all her debt.
- Learn how Lauren managed to use her debt to help her be vulnerable, transparent, and to grow as a blogger in her financial journey.
- Lauren tells us how she has been able to grow her blog from 1 viewer to over 1 million views.
- Hear some of Lauren’s favorite apps to use as a full-time blogger in the industry.
- Find out how Lauren went from employee to blogger, and how she made the transition.
- Hear how the question, “How do I want to spend my time?” got Lauren to branch out.
- Learn more about Lauren’s goals for the future.
- Find out what Lauren has learned as a first-time homeowner and the real estate industry.
- Hear some of the positives lessons Lauren took away from owning real estate.
- Hear how the FinCon community has helped Lauren to grow in her financial journey.
- Learn why you need to outsource in order to be more successful.
- And much more!
Tweetables:
[spp-tweet tweet=”“Money is a tool and you can use it to create the life you want to live.” — @finbestlife”]
[spp-tweet tweet=”“Money mistakes are going to happen, it’s how we rise from those that is important.” — @finbestlife”]
Links Mentioned in Today’s Episode:
Lauren Bowling’s Website — http://financialbestlife.com/
Lauren on Twitter — https://twitter.com/finbestlife
Lauren’s LinkedIn Profile — https://www.linkedin.com/in/lbowling23/
Lauren’s book, The Millennial Homeowner: A Guide to Successfully Navigating Your First Home Purchase
Big Magic by Elizabeth Gilbert
FinCon Community — http://www.finconmedia.com/
Access The Best Strategies, Tips & Advice!
Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.