Episodes
#183: Achieving Financial Independence Through Rental Properties with Sarah Pritchett
Published July 14, 2016
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60 min
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    What does it take to achieve financial independence? Thousands of deals and a 100+ hour work-week hustle? Not according to today’s guest! Today we bring you an incredible interview with Sarah P. who just one year ago began her journey toward financial independence using rental properties — part-time! You’ll learn how Sarah is building a rental portfolio despite living in one of the most crowded, competitive markets in the world, as well as her best tips on overcoming obstacles, creative finance, and more. This show will not only give you miles of practical advice, it will leave you saying, “I can totally do that!” In This Episode We Cover:How she discovered financial literacy through Mr. Money MustacheHow analyzing deals made her feel comfortable buying her first dealHow to invest if you’re in an expensive marketThe details on her first dealHow she chose her marketSarah’s thoughts on HOAsHow she’s managing her propertiesHow old her properties areHow a Home Equity Line of Credit helped her land her first propertiesWhat her long-term goal as an investor isHow Sarah finds her dealsSome obstacles she’s encountered in her investing careerWhat the 2 year rule isHow many hours a week she works on her real estateAnd SO much more!Links from the Show8 MileBiggerPockets WebinarMr Money MustacheBP Podcast 172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan TwomblyBP Podcast 180: 58 Deals by Age Twenty-Three with Devan McClishThumbtackBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiSecrets of the Millionaire Mind by T. Harv EkerThe Book on No or Low Money Down by Brandon TurnerRich Dad’s Who Took My Money? by Robert KiyosakiTweetable Topics:“My rental income does not count as income.” (Tweet This!)“If they can’t help you, ask who else they know that can help you.” (Tweet This!)“You need to know what to ask because you don’t know what you don’t know.” (Tweet This!)
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