59 min listen
698: From Toxic-Marriage to Financially Independent Mom with 13 Units w/Sarah King
698: From Toxic-Marriage to Financially Independent Mom with 13 Units w/Sarah King
ratings:
Length:
72 minutes
Released:
Dec 8, 2022
Format:
Podcast episode
Description
Finding financial freedom is hard enough, but doing so right after going through a toxic divorce can seem almost impossible. All of a sudden, you’ve gone from a two-income household to just one, your children are now your sole responsibility, and you’ve got to almost financially start over. Finding financial independence after events like this would be awe-inspiring—so imagine you did it all in just two years. Sarah King did just that, with thirteen units under her belt since buying her house hack property in 2020.Sarah worked hard to put herself in a strong financial position. She was a debt-free disciple who paid off six figures in debt. Then, she focused on her savings, minimizing her expenses and increasing her income as much as she possibly could. But then, when everything started to feel stable, she uncovered something that would unravel her marriage. She went from financially stable to undoubtedly anxious in a matter of days. But it’s what she did next that was incredible.Knowing she had to do whatever she could to take care of her daughter, Sarah went on rental property shopping spree. She built the portfolio she knew her family needed, and now just two years later, she’s enjoying the fruits of her non-stop labor. But how did she get the money for the deals? What strategy allowed her to cash flow so much in such a short amount of time? If you want to do what Sarah did, you’ll have to tune into this episode.In This Episode We Cover:How to achieve financial independence through real estate in less time than you thinkHouse hacking and why it’s arguably the best way to start investing Why being scared of debt is a downside when trying to build a rental property portfolioThe medium-term rental strategy and using it to get better cash flow on smaller unitsPrivate money lending and how to raise private capital from those who know and trust youHiring, outsourcing, delegating, and how to free up much more time in your lifeThe phenomenal funnels that will bring you the best tenants, deals, and more money!And So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelRob's BiggerPockets ProfileRob's YouTubeRob's InstagramRob's TikTokRob's TwitterDivorced and $250K in Debt to Financially Free in 10 YearsBook Mentioned in the ShowSet for Life by Scott Trench30-Day Stay by Sarah Weaver & Zeona McIntyreRaising Private Capital by Matt FairclothSimple Path to Wealth by JL CollinsRich Dad Poor Dad by Robert KiyosakiConnect with Sarah:Sarah's InstagramSarah's WebsiteClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-698Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 8, 2022
Format:
Podcast episode
Titles in the series (100)
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