This is a guest post from my friend Sean McKay of American IRA. Sean and his wife Heather invest in rental properties in Charlotte, NC, and he is also an expert on using a self-directed IRA or 401k to invest in real estate. I’ve used self-directed IRAs for almost 18 years both investing with my [Continue Reading]
Investing in Rental Properties With No Debt – Interview With Rich Carey
Rich Carey owns 20+ rental properties without any mortgage debt. These rentals give Rich and his family $10,000 of regular, monthly cash flow plus peace of mind. The podcast interview below shares Rich’s story, how he got started, how he saved the money, and how he bought and managed properties in Alabama while living around [Continue Reading]
How to a Buy Real Estate With Little Cash & No Credit Using Credit Partners
I began real estate investing right out of college with no cash or credit. I would have preferred to have both! But instead of doing nothing, I learned to buy real estate investments by being creative with financing and thinking outside of the box. One creative financing tool was using a private loan from another [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]
How to Use Seller Financing (aka Owner Financing) to Buy Real Estate
2-Part Podcast Series Seller financing (aka owner financing) is a way to buy real estate without having to go to the bank. As a real estate investor, it has been an incredible tool for me to acquire rental and flip properties. I’ve often received better interest rates, lower down payments, less risky terms, and most [Continue Reading]
The Time We Paid Cash For a House 3 Days
One time my business partner and I paid cash for a house and bought it in 3 days! The deal was agreed to on a Wednesday, and we closed on that Friday. I’ve been marketing “I Buy Houses, Fast Cash” for years, but I have to admit this was a first. Our previous best was [Continue Reading]