On your path to a destination of Financial Independence, a simple but powerful goal of free & clear rental properties (a.k.a. no debt) is a good idea. Your free & clear goal might be, for example, to own 10 houses that together rent for $12,000 per month ($1,200 per house) and net $7,000 per month [Continue Reading]
Dave Ramsey Says Debt Is Dumb in Real Estate Investing. Is it True?
“To invest with debt or no debt.” That is the question. Some financial experts like Dave Ramsey suggest never borrowing money except to purchase a primary residence. Dave experienced first-hand the downside risks of debt when he went bankrupt in his 20s. He was actually a real estate investor, so his bad experience is extremely [Continue Reading]
The Rental Debt Snowball Plan – How to Get Free & Clear Rental Properties
This article is about using real estate investing to help you reach a destination of financial independence. More specifically I’ll be sharing the basics of a plan called the Rental Debt Snowball, which helps you achieve a goal of free & clear (no debt) rentals. Your free & clear goal might be, for example, [Continue Reading]
How to Use Smart Leverage in Real Estate Investing
I am a fan of using real estate investing to climb the wealth-building mountain. One of the most unique benefits of real estate investing is that it can give you the ability to use smart leverage to magnify your returns while also protecting your down side. The Power (and Danger) of Leverage Ancient greek scientist and philosopher Archimedes once said: Give [Continue Reading]
The Free and Clear Real Estate Plan
At Coachcarson.com, I write a lot about financial independence (FI). I also write about real estate investing, which is my favorite vehicle to get to financial independence. With real estate, I have found that a very simple goal can help you reach financial independence faster, safer, and with more certainty than with any other path. [Continue Reading]