Article updated on July 26, 2019 This is part 3 in my series about practical strategies to own free & clear (no debt) rental properties in order to achieve financial independence. This article will cover a short-term buy and hold plan called Buy-3-Sell-2-Keep-1. Although there are many more variations, so far I’ve provided three general [Continue Reading]
Real Estate Investing Without Debt – The All-Cash Plan
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]
How to Get True Security
I admit it. More than one emotion has motivated me as an entrepreneur and real estate investor. When I started from scratch right out of college with nothing but my wits and my energy, I was motivated by excitement and adventure. I felt like a courageous mountain climber leaving base camp for the summit of [Continue Reading]
The Financial Runway – A Three-Step Blueprint for Early Financial Freedom
[Chad: This is a guest post from Scott Trench, the VP of Operations at BiggerPockets.com. I met Scott through my writing at Bigger Pockets, and I was quickly impressed with his intelligence, ambition, and quick progress towards financial independence before his 30th birthday. Scott recently published a book with the lessons from his experience called Set [Continue Reading]
The Trade-Up Plan – How to Retire in 8 Years Using Tax-Free Exchanges
This article is about the Trade-Up Plan, which shows you how to quickly build a portfolio of rental properties with strong cash flow using 1031 exchanges. In the sections that follow, I’ll first share the basics steps of the Trade-Up Plan. Then I’ll give you a detailed example that begins with $34,000 in savings and within [Continue Reading]
Destination Financial Independence – The Peak and Plateaus of Early Retirement
I’ve never climbed extreme mountains. The idea of risking hypothermia, frostbite, and deadly falls never appealed to me. But I do love the outdoors, hiking, and ascending less risky peaks. And I love comparing the climb towards financial independence to the thrill of climbing a real mountain. But there’s a problem comparing financial climbs to real climbs. [Continue Reading]
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