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

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! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... ~~~~ Join the Real Estate Rookie Facebook Group:   / realestaterookie   ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Wiping Out $130K of Debt in ONE Year With THIS “Steady” Real Estate Business: https://www.biggerpockets.com/blog/ro... ~~~~ From $40K Debt to 4 Doors and Six-Figure Net Worth (In 1 Year!): https://www.biggerpockets.com/blog/ro... ~~~~ Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!): https://www.biggerpockets.com/blog/mo... ~~~~ Connect with Dave: BiggerPockets: https://www.biggerpockets.com/users/h... Facebook: https://www.facebook.com/search/top?q... Instagram: @homeswithdave or   / homeswithdave   LinkedIn:   / homeswithdave   Website: https://homeswithdave.kw.com/ ~~~~ Connect with Ashley and Tony on BiggerPockets: Ashley: https://www.biggerpockets.com/users/e... Tony: https://www.biggerpockets.com/users/t... ~~~~ Connect with Ashley and Tony on Instagram: Ashley: @wealthfromrentals or   / wealthfromrentals   Tony: @tonyjrobinson or   / tonyjrobinson   Show notes at: https://link.chtbl.com/Rookie